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Vericrest, the home lending business of CIT Group, offered small business and conventional loans in the Americas.
Vericrest, described as CIT Groups’ Home Lending Business, was based in Livingston and offered small business administration and conventional loans in the Americas. In July 2008, Lone Star Funds acquired the home lending business from CIT Group for USD1500 million in cash. In 2013, Vericrest Financial and Caliber Funding LLC merged to form Caliber Home Loans; the deal closed in June 2013.
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