The deal came together after the previous owner, private equity firm Lone Star Funds, failed to take Caliber public due to instability in the market. NewRez agreed to acquire Caliber in a deal valued at $1.675 billion in April and closed the deal in August. Citing sources, HousingWire reported in late January that Das’ resignation was always expected following the acquisition. News of the layoffs comes just weeks after Sanjiv Das stepped down as CEO of Caliber Home Loans. “As we continue to create synergies between companies, we are creating a structure to streamline business channels and create long-term growth,” the NewRez spokesperson wrote in an email to HousingWire. In total, NewRez LLC, the publicly traded company’s mortgage arm, is laying off 386 employees, about 3% of the division’s workforce, a company spokesperson confirmed Tuesday. has reduced hundreds of job positions in its mortgage division, less than a year after acquiring the multichannel lender Caliber Home Loans. Powerhouse lender and servicer New Residential Investment Corp.
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