twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Stearns Lending Restructures Management

New executive designations

Aug. 24, 2016

By Mortgage Daily staff

Voracious growth has led Stearns Lending LLC to make changes to its management structure and to the titles utilized by its executive team.

The Santa Ana, California-based firm has grown its mortgage originations from less than $6 billion in 2011 to more than $25 billion last year.

During that same period, staffing has expanded from fewer than 900 employees at the end of 2011 to more than 1,900 people this year.

The mortgage servicing portfolio, which stood at just $1.1 billion as of Dec. 31, 2011, now stands at $23.9 billion.

Last year, The Blackstone Group LP acquired a majority interest in Stearns Lending.

On Wednesday, Stearns Lending -- which was founded by Glenn Stearns in 1989 -- announced that it will implement a multi-layered managing directorship structure and begin to use new designations.

"In keeping with industry practices, our new structure and accompanying market-competitive designations more clearly reflect levels of responsibility across our management team," Stearns Lending Chief Executive Officer Brian Hale stated in the announcement. "These changes also represent meaningful career opportunities for others at Stearns."

Among the executives to receive the new designations was James Hecht, who Stearns Lending last week said was promoted to chief operating officer, executive managing director, from executive vice president, strategic development.

As for the rest of the management staff, here's the lineup along with the new titles:

  • Uday Devalla, chief information officer, senior managing director;
  • Blythe Hughes, chief administration officer, senior managing director;
  • Tom Neary, chief investment officer, senior managing director;
  • Tom Noto, chief legal officer, senior managing director;
  • Steve Smith, chief financial officer, senior managing director;
  • Mary Malloy, managing director, capital markets;
  • Kathleen Vaughn, senior managing director, third-party originations;
  • John Adam, managing director, retail;
  • Suzy Lindblom, managing director, national fulfillment and operations; and
  • Michael Royer, managing director, wholesale.

Stearns Lending profile

next story

back to current headlines

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders