Freedom Mortgage Corporation

Brian Simon Named New CEO At Caliber Funding

June 10, 2011 /24-7PressRelease/ -- Caliber Funding LLC is a growing wholesale and retail originator of prime, conforming, FHA and VA mortgages. Caliber operates in 44 states across the United States, with operations centers in Texas and Arizona. For more information on Caliber Funding, please visit http://www.caliberwholesale.com.

Simon brings nearly 20 years of financial services experience to Caliber, with a demonstrated passion for success. He was most recently the Chief Operating Officer for New Jersey based Freedom Mortgage, where his primary responsibilities were loan production and fulfillment as well as corporate strategy and growth. He joined Freedom in 2004 and grew the company's origination platform from $200 million to over $1billion in monthly production. Simon was also instrumental in executing Freedom's acquisition of Irwin Mortgage Corporation in 2006, quadrupling Freedom's origination volume.

Prior to joining Freedom, Simon was Executive Vice President at Prime Mortgage Financial, where he was responsible for all loan production, secondary marketing and strategic growth. Previously, he was a senior consultant with McKinsey & Co., where he advised financial institutions such as Citicorp, Standard Chartered Bank and Bank of China on growth and strategy. Simon has also held the position of Chief Operating Officer at Startbank, a boutique Wall Street investment banking firm with specialization in the mortgage industry.

"Caliber Funding has an excellent strategic position within the mortgage lending industry, and I am very excited to join the company," Mr. Simon said. "Caliber has a talented group of employees and is gaining momentum in key areas of its business. I look forward to working with the entire Caliber Funding team to help the company accelerate its growth strategy."

MSA President Tami Coffey commented, "This was an exciting search - we wanted to target candidates who possessed a broad based level of experience in executive leadership roles with lenders employing a culture to Caliber's. We are thrilled with their decision to name Brian as their new CEO and are confident that he will enjoy continued success."

Mortgage Search & Acquisition, a Dallas based executive search firm with offices in Texas and Arizona, specializes in nationwide executive search services in addition to identifying production and acquisition opportunities for its mortgage banking and financial services based clients.

Ohio Court of Appeals - Fraudclosure Freedom Mortgage v Perry ...

The Ohio Court of Appeals for the Eighth District upheld a trial court's dismissal of a foreclosure action on evidentiary ground, though it changed the dismissal to one without prejudice.  The decision is an instructive read on the evidence in the case.

The decision underscores the importance of careful review of the evidence, the law, the Rules of Civil Procedure, and particularly the Rules of Evidence.  Long time Forum participants will almost certain recognize several themes which appear within the decision.  I will add a few additional comments below, which seem to reflect some additional points not actually raised by the defendant.

The case is:

Freedom Mortgage Corporation v. Perry, No. 95834, 2011 Ohio 3067 (OH App. 8th Dist., June 23, 2011) *

After reading the decision, I would call particular attention to the following mention within the decision:

According to the note, Consumers endorsed it to Freedom on October 23, 2006.  According to the assignment, MERS was Consumers’ “nominee,” and MERS had assigned the mortgage to Freedom in November 2008.

Whoops!  If MERS was Consumer's nominee, precisely WHAT INTEREST did Consumers purport to have in the mortgage in November 2008?

Note that we also have here a couple of the dilemmas presented in recent New York MERS decisions.

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