Caliber Funding LLC, Irving, Texas, Monday morning made it official: it has hired 300 “lending professionals” who were recently let go by MetLife Home Loans.
At press time a spokesman said he did not know how many of the 300 are actually loan officers. The company plans additional new hires in the coming weeks.
Caliber said the move allows the nonbank to expand into four new regional markets including New England, Washington, D.C., the Great Lakes area and part of the Mid-Atlantic.
Moreover, the company said the move doubles the size of its residential lending team. “This is a game-changing announcement for Caliber,” CEO Brian Simon said in a statement.
MetLife Home Loans, like Caliber, is based in Irving, Texas. In January its parent company announced that it would exit the forward production business, throwing 4,300 employees out of work.
Two weeks ago National Mortgage News reported that Caliber might hire up to 300 MLHL workers.
