The executive in charge of Caliber Home Loans at the time of its
Sanjiv Das, who had been CEO of Caliber through January 2022, will be taking over as president of artificial-intelligence underwriting fintech Pagaya Technologies effective Oct. 16, replacing Ashok Vaswani, who will stay on in an advisory role during the transition.
"We're excited to welcome Sanjiv as president of Pagaya," said Gal Krubiner, co-founder and CEO, in a press release. "His global perspective and extensive entrepreneurial experience in the financial sector and capital markets, as well as his proven track record of building and growing global businesses at scale, uniquely positions him to guide Pagaya's lending network and innovative product offerings in this next stage of growth."
For his part, Das said that in the new job, his role is supporting Pagaya in its "vision to enable greater lending opportunities across the banking ecosystem, including being a strong catalyst for financial inclusion."
Caliber was one of the independent mortgage bankers that tried to go public during the pandemic-fueled housing boom.
It even got as far as having the initial public offering ready to be priced before calling it off in October 2020
The company
Rithm currently has
Das initially stayed on at Caliber after the sale, but