New facility expected to create 100 new jobs
COLUMBIA, S.C. – Caliber Funding, a national mortgage lender, will open its new Correspondent Lending Operation in Florence County. The new facility is expected to generate 100 new jobs over the next 12 months.
“We were aware of the availability of a significant number of people who had correspondent lending experience in the past. These are the exact skill sets we need for our operation and felt this was a great chance to put many of these folks back to work right here in Florence,” said Tag Gallaher, vice president of Operations at Caliber Funding. “The support of the entire economic development team has been very helpful to us in our start up, and is sincerely appreciated.”
Caliber Funding LLC is a national mortgage lender and agency direct seller/servicer headquartered in Dallas, Texas. The company plans to locate its new operations at 2210 Enterprise Drive in Florence in mid-July.
“It’s exciting to see another company recognize the benefits of doing business here in South Carolina. We celebrate Caliber Funding’s decision to create 100 new jobs in Florence and we look forward to seeing them grow here in the Palmetto State,” said Gov. Nikki Haley.
Caliber Funding originates loans through retail branches, wholesale lending, mini-correspondent lending and a consumer direct centralized operational center. The Correspondent Channel starting up in Florence will be a new channel of production for Caliber. The company originates an average of $656 million each month and anticipates continued rapid growth in the coming months and years.
“Caliber Funding’s decision to locate operations here is another sign that South Carolina’s business-friendly climate and skilled talent are attracting companies to our state. These new jobs will have a big impact on the Florence area and beyond,” said Secretary of Commerce Bobby Hitt.
“Caliber’s decision to locate here is another positive sign that our efforts to enhance the state’s economic soil conditions are paying real dividends when it comes to attracting world-class companies and new job opportunities. We remain committed to continuing to work to better the business climate and allow more businesses to thrive in South Carolina and Florence County,” said state Sen. Hugh K. Leatherman Sr.
Florence County Council Chairman James Schofield said, “It is an exciting day for everyone in Florence County as we celebrate the addition of an outstanding new corporate citizen that will provide quality, good-paying jobs for the citizens in our community.”
The company will employ underwriters, audit analysts, data entry staff as well as client relations positions.
Caliber Funding has already hired over 35 employees who have begun training in the readySC building on Florence Darlington Technical College’s campus. Anyone interested in job opportunities with the company visit Caliber’s career page at www.caliberfunding.com.
Caliber Funding was founded in 2008 by Lone Star Funds, a global private equity fund. The company’s core strengths include innovative culture, proprietary loan origination system H2Online, and an entrepreneurial management team. These strengths, combined with the financial backing of Lone Star Funds, make Caliber Funding unlike any other mortgage lender within the industry and result in its ability to provide a superior service experience to their customers, a fulfilling work environment for their employees, and a track record of quality. For more information, please visit www.caliberfunding.com.