Caliber Home Loans has appointed loanDepot’s former president of direct lending to lead a key leadership role.
As executive vice president and head of recapture and direct to consumer, Chad Smith will lead all activity in this channel and leverage Caliber’s servicing portfolio of more than 650,000 customers.
He will report to Russ Smith, EVP of Production.
"We look forward to Chad's insights and perspective as we continue to build a world-class team and provide timely solutions to our expansive customer base, which is among the largest of any non-bank financial institution," he said.
The nonbank residential mortgage originator has a servicing portfolio of more than $130 billion and originated more than $44 billion of new mortgages in 2017.
Chad Smith’s experience will help to expand the Coppell, TX headquartered firm’s coverage.
"We are excited to welcome Chad to the team and believe his extensive industry experience and passion for serving customers make him uniquely suited for this new role,” Sanjiv Das, CEO of Caliber, said. “We look forward to his contributions to Caliber, which will accelerate the growth of our franchise and our position as a top mortgage originator in the United States."
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