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Former Ditech President Named CEO of Stearns

Brian Hale stepping down

May 16, 2017

By Mortgage Daily staff

Stearns Lending LLC's chief executive officer is stepping down. A former Walter Investment Management Corp. executive is stepping in.

The Santa Ana, California-based mortgage banker issued a statement indicating that Brian Hale is stepped down as CEO on Monday.

Hale took the CEO role in May 2012. Originations under his leadership have gone from less than $6 billion in 2011 to $26 billion during 2016.

"I am so proud of Brian and all that he and the team accomplished over the past five years," Stearns Founder and Director Glenn Stearns said in the news release. "He has been an exceptional leader as well as a great friend and I wish him the best."

"Brian has helped lead Stearns through a period of meaningful diversification and expansion in its business, and during the transition," Stearns Chairman William H. Cary said in the statement.

Taking the reins from Hale was David C. Schneider.

The new CEO most recently was president of Ditech Financial LLC and chief operating officer of parent Walter Investment. He joined Ditech in November 2014 and stayed on through October 2016. He was also previously employed by JPMorgan Chase & Co. and units of Citigroup Inc.

Hale is staying on until May 31 to assist through the transition.

Stearns Lending profile

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