Vericrest Financial Changes Name to Caliber Home Loans
DALLAS, Texas – June 10, 2013 – Vericrest Financial, Inc., a premier financial services company specializing in the servicing of residential mortgage loans, today announced that it has changed its corporate name to Caliber Home Loans, Inc., effective immediately.
Caliber Funding LLC and Vericrest Financial previously announced, on January 17, 2013, plans to combine organizations to create a full‐service, residential mortgage banking organization offering both loan origination and loan servicing solutions. The combined organization will continue to be owned by and have the capital backing of Lone Star Funds.
The new name was selected to be descriptive of the company’s consumer‐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 Vericrest Financial. “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 the coming months, subject to customary closing conditions.
About Vericrest Financial, Inc.
Vericrest Financial, Inc. is a premier financial services company specializing in the servicing of residential mortgage loans in all 50 states. Through three Centers of Excellence in Texas, Oklahoma and California, Vericrest Financial provides superior service and innovative solutions to meet the needs of our customers and investors while maintaining the highest levels of integrity and compliance. Vericrest Financial is owned by Lone Star Funds, a global private equity fund. To learn more about Vericrest Financial, visit www.vericrestfinancial.com or call 1‐800‐401‐6587.
Joele Frank, Wilkinson Brimmer Katcher
Jed Repko / Eve Binder / Alex Sowinski