Caliber Funding LLC and Vericrest Financial, Inc. announced that the companies' shareholders, comprised of various affiliates of Lone Star Funds, have agreed to combine Vericrest and Caliber to create a full-service, residential mortgage banking organization offering both loan originations and loan servicing solutions. The combined organization will continue to be owned by and have the capital backing of Lone Star Funds. Vericrest's and Caliber's complementary business models will allow for seamless integration, providing a strong foundation for growth through substantial synergies.

Most importantly, as a full-service mortgage banking institution with an extensive footprint across the U.S., the combined organization will better serve its customers through an enhanced range of best-in-class lending and servicing solutions.