Caliber Home Loans, Inc., a leading residential mortgage origination and servicing company, today announced it has completed its acquisition of substantially all of the assets of First Priority Financial, a regional residential mortgage lender with branches and originators serving California, Oregon, Washington, Idaho and Iowa.

"We are pleased to complete this transaction and expand Caliber's geographic footprint in the Western United States," said Sanjiv Das, Chief Executive Officer of Caliber. "With the addition of the talented First Priority Financial team, we are even better equipped to serve our customers across the country and meet their unique financing needs. Together, we will continue to focus on a customer-centric culture and create innovative new loan solutions. With First Priority Financial, we will be positioned to extend our successful track record as a trusted mortgage provider."

About Caliber Home Loans, Inc.

Caliber Home Loans, Inc. is a privately-held financial services company. Caliber's headquarters are based inIrving, TX. The company is an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae and is an approved servicer for FHA, VA and the USDA. The company carries multiple servicer ratings from Standard & Poor's, Moody's, Fitch and DBRS. To learn more about Caliber, visitwww.caliberhomeloans.com.