Caliber Home Loans , a residential mortgage origination and servicing company, announced Wednesday Jim Foley had joined the company as Regional Vice President for the Washington D.C., Maryland, and Virginia territories.
Foley is an industry veteran with 29 years of experience in mortgage lending and has held leadership positions with premier mortgage lenders in the DC Metro area.
"Mortgage lenders today are faced with a series of major concerns, including compressed margins, high commissions and the cost to comply with new regulations. I chose to join Caliber Home Loans because I strongly believe Caliber's retail model is the future of mortgage lending," Foley said. "I am excited to join the Caliber team and I look forward to the opportunity to build upon Caliber Home Loans' presence in the Washington Metropolitan area."
Headquartered in Irving, Texas, Caliber Home Loans, Inc. is a privately-held financial services company. The company is an approved seller and servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae, and an approved servicer for FHA, VA, and the USDA.