Home >> News >> Data >> Vericrest Changes Corporate Name, Now Caliber Home Loans
Print This Post Print This Post

Vericrest Changes Corporate Name, Now Caliber Home Loans

Vericrest Financial, Inc., a financial services company with centers in Texas, Oklahoma, and California, announced it has changed its corporate name to ""Caliber Home Loans, Inc."":https://www.caliberhomeloans.com/, effective immediately.


Caliber Funding and Vericrest ""previously announced"":http://www.dsnews.com/articles/caliber-vericrest-to-combine-operations-2013-01-17 in January plans to combine organizations to create a full-service residential mortgage banking organization offering origination and servicing solutions. The new name was selected to represent the company's customer-friendly focus and broad range of mortgage banking services.

""Vericrest Financial and Caliber Funding have continued to grow and evolve since the merger was announced and our teams have been hard at work bringing our two companies together,"" said Joe Anderson, chairman and CEO of Caliber Home Loans. ""Changing Vericrest Financial's corporate name to Caliber Home Loans marks a significant milestone in this process and brings us one step closer to combining these two companies.""

The legal close of the merger is expected in coming months and is subject to customary closing conditions. The combined organization will continue to be owned by and having the capital backing of Lone Star Funds.


Check Also

suburb, houses, neighborhood, residential

Minority Households Face Greater Risks When Moratoria Expire

Black and Hispanic communities who still have not recovered from the last financial crisis are "again bearing a disproportionate burden during the pandemic," consumer advocates report.

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.