Caliber Home Loans Inc. has announced that it has grown its residential mortgage servicing portfolio to more than 244,000 loans, with an unpaid principal balance of over $50 billion, as of Dec. 31, 2013. Growth was achieved both organically through Caliber's $8.4 billion of mortgage loan production volume in 2013, as well as through bulk and flow MSR acquisitions totaling $36 billion over the same time period. Caliber was able to achieve this growth due to its strong balance sheet and continued capital support from its financial sponsor.
"We are extremely proud of reaching this important milestone for our mortgage servicing portfolio, and we look forward to achieving the continued growth goals that we've set out for ourselves," said Marion McDougall, EVP, chief loan administration officer for Caliber Home Loans. "These results are a direct reflection of the strength of our loan servicing staff as well as the focus of our experienced management team."