Vericrest Financial, Inc., a financial services company with centers in Texas, Oklahoma, and California, announced it has changed its corporate name to Caliber Home Loans, Inc., effective immediately.
Caliber Funding and Vericrest previously announced in January plans to combine organizations to create a full-service residential mortgage banking organization offering origination and servicing solutions. The new name was selected to represent the company’s customer-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 Caliber Home Loans. “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 coming months and is subject to customary closing conditions. The combined organization will continue to be owned by and having the capital backing of Lone Star Funds.
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