15 Feb Caliber Home Loans 2018 Year in Review – Success in Mortgage Industry
2018 was a successful year for Caliber! We grew our volume, invested in greater technology, and continued support for veterans and military service members. #CaliberintheNews
Read our year-in review here: http://bit.ly/2FeibPz
Last year was another strong year for Caliber. Despite a tough landscape for the mortgage industry, Caliber remained strong. Working together, we increased our production numbers and solidified our company’s place in the market.
Caliber Continues Growth in 2018
In the first nine months of 2018, Caliber found strength in numbers as our volume rose by over 2.5 percent, even though the industry was off by 5.6 percent. We became one of the top 3 non-banks in the industry and the #5 mortgage lender!
Climbing the ranks of the industry was just the beginning. As home prices rose, Caliber continued to rise to the occasion, expanding the Caliber Portfolio Lending (CPL) suite to include the new Elite Access Jumbo loan 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. CPL volume is up 122% since launching Elite Access!
Caliber Continues to Honor Veterans
Caliber was once again recognized as a Military Friendly Brand, for focusing on and assisting active military and veterans in our community. We are happy to provide the following:
- Military and Veteran Lending specific designation (CMVLP) – This program provides our team members with the industry’s best training for working with military and veteran families. Over 1,200 Caliber team members have earned their CMVLP designation.
- Dedicated Military lending website where all CMVLPs are listed along with information for eligible VA borrowers.
- Keeping current with VA guideline updates In keeping with this commitment, we extended our company’s Military Leave policy from six to twelve months. This makes it easier for an employee on active duty or reserve to take paid leave from their job at Caliber to complete a tour of duty for our country. Several employees have chosen to either utilize – or have planned to use – this employee benefit.
Caliber Leverages Technology to Build Service and Relationships
Caliber expanded its digital footprint in a big way this year by launching a suite of mobile apps! These apps are customized to provide user-friendly access to all touchpoints in the mortgage system.
The Caliber Home Loans app, intended for Caliber customers, reached over 100,000 downloads. This app gives borrowers the ability to view their loan status and pay from their mobile device.
We are proud of the company’s performance in 2018, and look forward to expanding our reach within the community in the years to come.
Information for this article was provided by Caliber Home Loans at https://www.caliberhomeloans.com/about-us/news/2019/01/07/caliber-2018-year-in-review.