SANTA ANA, Calif.--(BUSINESS WIRE)--Stearns Lending, Inc., a leading national mortgage lender with Retail, Wholesale and Correspondent business channels, announced today the appointment of Tom Hunt as Executive Vice President – National Retail Division. In this position, his responsibilities include management and oversight of retail mortgage banking production activities throughout Stearns’ network of 69 retail branch offices and its affiliated loan officers.
“We are pleased to welcome Tom to Stearns Lending and its rapidly growing retail business channel,” said Brian S. Hale, CEO at Stearns Lending. “The addition of an executive with Tom’s experience and expertise significantly boosts our ability to grow intelligently by hiring and retaining the industry’s most talented loan officers and providing superior loan production capabilities – all with the goal of delivering customer-centric solutions to borrowers across the nation.”
Prior to joining Stearns Lending, Hunt was a Principal of CoachFord Investments, LLC, a privately held portfolio lender and investor. Before launching CoachFord, he served as Divisional Sales Leader at MetLife Bank, where he was responsible for retail mortgage loan production for the western U.S.
From 2002 through 2008, Hunt held several leadership positions in the retail lending business channel at Countrywide Home Loans, culminating in his role as Managing Director – Retail Division West, with responsibilities that included management of production, operations and P&L for the western half of the U.S. and oversight of more than 400 production locations and 7,000+ employees. During his tenure as Divisional Executive Vice President at Countrywide, he led the most profitable, highest producing and largest market share division in the company’s retail division.
Earlier in his career, Hunt served as District Manager at North American Mortgage Company, responsible for retail and wholesale production, operations and P&L in Southern California (Los Angeles and Inland Empire areas). He holds an MBA with a concentration in Finance and Strategy from the University of California – Irvine, and a Bachelor of Science degree in Marketing Management from California State Polytechnic University – Pomona.
About Stearns Lending, Inc.
Headquartered in Santa Ana, California, Stearns Lending, Inc., and its affiliated entities, have provided 23 years of exceptional mortgage lending services throughout the United States where licenses are held. Stearns’ business channels include wholesale, retail and correspondent lending; financial institutions mortgage outsourcing services; and credit union mortgage outsourcing services.
Stearns is licensed and approved to conduct business in 49 states with HUD (United States Department of Housing and Urban Development). Additionally, Stearns is an approved Single Family Issuer for Ginnie Mae (Government National Mortgage Association); an approved Seller/Servicer for FNMA (Federal National Mortgage Association), also known as Fannie Mae; and, an approved Seller/Servicer for FHLMC (Federal Home Loan Mortgage Corporation), also known as Freddie Mac. Stearns is also approved for VA (United States Department of Veterans Affairs), USDA (United States Department of Agriculture), and is an approved lending institution with FHA (Federal Housing Administration).
Stearns is the 19th largest mortgage originator, 16th largest purchase mortgage originator and 3rd largest wholesale mortgage originator in the United States. For the 12 months ended June 30, 2013, Stearns funded over $14.4 billion in mortgage loans and, at June 30, 2013, had a loan servicing portfolio in excess of $15 billion. Additionally, Stearns has been recognized by Mortgage Technology Magazine as one of its “Top 25 Tech-Savvy Lenders” for two consecutive years (2011 and 2012). Stearns also was named a 2012 Top Work Place by the Orange County Register.
The Company was founded in 1989 by Glenn Stearns and is a privately held company. Mr. Stearns received the Horatio Alger Award and was named Ernst & Young’s Entrepreneur of the Year. In addition, he received the Orange County Business Journal – Excellence in Entrepreneurship award.
Stearns Lending, Inc. is located at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707.
For more information call (800) 350-LEND or visit www.stearns.com.