Although loan originations are booming at Caliber Funding, the lender recently gave walking papers to a regional production manager in the Salt Lake City area and a division manager in Portland, Ore.
A top executive at Caliber confirmed the dismissals to National Mortgage News, but declined to provide more information except to say, “This is a company for high-level producers.”
The two people who were let go include Shan Lassig, regional production manager in the Salt Lake City area. Ken Zener, a division manager who lives in the Portland area but covers California, also departed, a company official confirmed.
The privately held Caliber is currently operating at a run-rate of $450 million a month, ten-times its volume of a year ago.
A few months back the firm made headlines when it hired roughly 300 loan officers and support staff from MetLife Home Loans, which was being shuttered by its insurance company parent firm.
Caliber is based in Irving, Texas, but is licensed in roughly 47 states.