Last year was another strong year for Caliber. Despite a tough landscape for the mortgage industry, with increased interest rates, Caliber Wholesale remained strong. Working together, we solidified our company’s place in the market to be the #2 wholesale lender in the country*.
As home prices rose, Caliber continued to rise to the occasion, expanding the suite of non-Agency loans, Caliber Portfolio Lending (CPL), to include the new Elite Access Jumbo loan. This product was designed to meet the demands of borrowers in high-cost areas. For example, this loan can provide our customers with up to $3 million in funding with no Mortgage Insurance (MI) requirement. In October, Caliber Wholesale had a record-breaking month of $88.4 million.
Through the Caliber Reconnect, a proprietary program at Caliber, over 42,000 opportunities were identified for our brokers to get in touch with past customers who showed a likelihood of purchasing or refinancing.
In May, Caliber expanded its digital footprint in a big way this year by launching the CaliberH2O mobile app! The CaliberH2O app gives originators access to their pipeline, from anywhere, any time.
We are proud of the company’s performance in 2018 and look forward to expanding our reach within the broker community in the years to come.
*Source: Inside Mortgage Finance, 9M 2018