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Jim Ferriter Named President of Caliber Funding

Texas Business reports:  IRVING—Caliber Funding LLC, a national wholesale and retail mortgage lender, appointed Jim Ferriter as president, effective immediately.

 “Caliber represents an exciting opportunity in the mortgage origination business, and it has been growing significantly over the past year,” Ferriter said in a prepared statement. “I look forward to working with the team here of talented professionals to deliver an improved experience to our customers and business partners in wholesale and retail mortgage services.”

Caliber Funding recently expanded its operations with the addition of approximately 300 professionals from MetLife Inc.'s home loans division and the addition of four new regional markets, which include New England, the greater Washington, D.C. area, the Great Lakes area (Indiana / Michigan / Ohio), and the Philadelphia / New Jersey / Delaware area.

As president,  Ferriter succeeds former chief executive Brian Simon who is no longer with the organization.

Ferriter most recently served as senior vice president, retail production of Caliber Funding. Prior to that, he was a national sales director at Surety Lender Services from 2010.  Before his work at Surety Lender Services, he was an executive vice president at GMAC ResCap, where his production ranged between $9-12 billion annually.  In addition, he previously served as a senior vice president /head retail lending executive at JP Morgan Chase, where he led a group of more than 3,000 loan officers in 250 locations.                                                                                                                                                                                                                                                    

Caliber Funding LLC is a wholesale and retail originator of prime, conforming, FHA and VA mortgages.  Caliber operates in 44 states across the United States, with operations centers in Texas and Arizona.