Caliber Home Loans
has announced a new partnership with FirstFunding, a provider of warehouse facilities for non-delegated correspondent lenders. Together, Caliber and FirstFunding will bring Caliber Express Connect to meet one of the industry’s biggest concerns–providing viable, secure and accelerated solutions for its lenders.
With Caliber Express Connect, First Funding’s system is integrated with Caliber’s loan origination system to empower the correspondent lender to pass the loan information and image documents directly from Caliber to FirstFunding, reducing the need for lenders to manually enter data and upload loan documents. This results in a seamless platform that allows the Correspondent lender to have more control, reduce submission errors, deliver faster closing times to their borrowers, and lower their overall costs.
“We are very excited to partner with FirstFunding and announce the launch of Caliber Express Connect”, says Phil Shoemaker, Executive Vice President and Chief Operating Officer of Production for Caliber Home Loans. “It leverages our top-notch origination platform exclusively with FirstFunding’s system to drive an entirely faster and seamless funding process for the non-delegated correspondent lender. This type of integration that brings automation between a lender and warehouse facility is long overdue in the non-delegated correspondent space and we are excited that Caliber and FirstFunding are leading the way.”