SANTA ANA, Calif.--(BUSINESS WIRE)--Stearns Lending, LLC, a leading provider of mortgage lending services in Wholesale, Retail, Correspondent and Strategic Alliances sectors, is pleased to announce the appointment of Thomas W. Neary to the position of Chief Investment Officer, with senior executive level responsibilities for the Company’s capital markets, secondary marketing, portfolio investment and valuation, MSR optimization and product strategies and liquidity management.
“We are very excited that Tom has agreed to join our executive management team and step into this critical leadership role. With nearly 30 years of senior executive level experience in capital markets, mortgage banking and the real estate industry, Tom will be invaluable to Stearns,” said Brian Hale, CEO of Stearns Lending. “We currently have outstanding teams and processes in place. With Tom onboard, we’re able to further enhance our effectiveness and build out the strategies, protocols and platform required to achieve our ambitious goals as a mortgage industry leader.”
Prior to joining Stearns, Neary was President and CEO of Homeowners Mortgage Enterprises, a wholly owned subsidiary of Coastal States Bank. He was also principal of Toll Canyon Advisors, LLC, a consulting firm advising hedge funds, mortgage technology companies and mortgage-related start-ups. Neary served as a Member of both the Fannie Mae and Freddie Mac National Advisory Boards, and has been a speaker at events, including the Mortgage Bankers Association’s annual conferences and the American Securitization Forum conferences. He is a former member of the Capital Markets Committee of the Mortgage Bankers Association.
“I’m proud to be a member of the senior leadership team at Stearns, and am eager to play my part in helping this remarkable Company achieve further growth.” said Neary. “Our Executive Vice President of Capital Markets Mary Malloy and Executive Vice President of Secondary Marketing Laurie Mandir have built an outstanding team and platform, and I am eager to help advance both. Our team will be implementing methods to further optimize strategies related to areas that include hedging, trading, best-execution selling and mortgage servicing rights valuations.”
Earlier in his prestigious career, Neary was Executive Vice President, Senior Managing Director of RESCAP (GMAC Mortgage, now Ally Bank), responsible for correspondent and warehouse lending and capital markets. He also served as CEO of its International Business Group serving the UK, Spain, Netherlands and Australia markets. Neary also held the position of Executive Vice President, Mortgage Capital Markets at Wells Fargo & Company; he served as Senior Vice President, Secondary Marketing for NationsBank, and Senior Vice President, Secondary Marketing at Banc Boston Mortgage. Neary received his Bachelor of Business Administration from Southern Methodist University.
About Stearns Lending, LLC
Stearns Lending, LLC is a leading provider of mortgage lending services in Wholesale, Retail, Correspondent and Strategic Alliances sectors throughout the United States where licenses are held. Currently ranked as #1 Wholesale Lender nationwide*, Stearns Lending continues to expand as a company overall, making the Inc. 5000 list of Fastest Growing Private Companies in America in 2013, 2014 and 2015**, based on revenue growth of 250% over a three-year period. In 2015, Inside Mortgage Finance also recognized Stearns as #9 in the Top 10 Direct Lenders in Q1*.
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.
For more information, visit www.stearns.com.
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