Stearns Lending Promotes Steve Smith to President

SANTA ANA, Calif.–(BUSINESS WIRE)–Stearns
Lending, LLC
, a leading independent mortgage bank, announced today
that Steve Smith, CFO of Stearns will take on the additional role of
President of Stearns Lending. Smith will work closely with David
Schneider, CEO of Stearns Lending, to identify growth opportunities.
Smith has also been appointed to the Operating Committees of both of
Stearns’ Preferred Partnerships – Certainty Home Loans and Citywide Home
Loans.

“Success in today’s mortgage industry requires a strong leadership team
focused on our employers, customers and partners,” said Schneider. “In
his dual roles as President and CFO, Smith and I will work closely
together as we continue to identify growth opportunities for Stearns
while remaining focused on serving our customers, business partners and
most importantly our team.”

Since joining the executive team three years ago, Smith’s strategic
focus on digital amplification has created efficiencies and increased
cost containment, while also ensuring that Stearns Lending stays ahead
of the technology curve. A seasoned industry professional with three
decades of finance, mortgage banking and real estate industry
experience, Smith previously worked at Caliber Home Loans and Bank of
America. Named a 2017 Vanguard Award recipient, Smith is known
throughout the lending community as someone who makes “an unmistakable
impact on the industry at-large.”

“At Stearns, our mission statement is simple: ‘I Can Help You’ and our
team executes this mission every day,” said Smith. “In my new role, I
look forward to continuing to explore opportunities for growth including
ways we can continue to engage our employees, customers and partners
with new advances in technology that are changing the mortgage
landscape.”

About Stearns Lending, LLC

Stearns Lending, LLC is a leading provider of mortgage lending services
in Wholesale, Retail, and Strategic Alliance sectors throughout the
United States where licenses are held. In 2018, the company ranked as
the #12 non-bank mortgage lender by Inside Mortgage Finance.

Stearns Lending is an equal housing lender and is licensed to conduct
business in 49 states and the District of Columbia. Additionally,
Stearns Lending is an approved HUD (United States Department of Housing
and Urban Development) lender; a Single-Family Issuer for Ginnie Mae
(Government National Mortgage Association); an approved Seller/Servicer
for Fannie Mae (Federal National Mortgage Association); and an approved
Seller/Servicer for Freddie Mac (Federal Home Loan Mortgage
Corporation). Stearns Lending is also approved as a VA (United States
Department of Veterans Affairs) lender, a USDA (United States Department
of Agriculture) lender and is an approved lending institution with FHA
(Federal Housing Administration). Stearns Lending, LLC is located at 4
Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707. Company NMLS# 1854.

Contacts

Jim Anderson
Chief Marketing Officer
janderson@stearns.com
678.350.9024

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