Through the acquisition, Caliber now has more than 1,800 employees working in more than 340 locations across the country.
“Caliber is delighted to announce the acquisition of Banc Home Loans, as we build on our significant growth trends and continue to expand our footprint nationally,” said Caliber CEO Sanjiv Das. “As part of this strategy, we will focus on strategic opportunities that present significant long-term value. This transaction will enhance Caliber’s presence in the attractive California and Northwest markets.”
Banc Home Loans, Banc of California’s mortgage banking division, has branches in California, Washington, Oregon and Idaho. It generated more than $5.1 billion in closed loan volume last year.
“Banc Home Loans shares the Caliber vision of customer-focused values,” Sanjiv said. “With this acquisition, we look forward to continuing to address the unique financing needs of homeowners around the country.”
Caliber Home Loans has announced the completion of successful acquisition of Banc Home Loans.