Type Subsidiary Headquarters Santa Ana, California Number of employees 1,700 (2015) Founded 1989 | Industry Financial Services Revenue $521.7 million (2014) Founder Glenn Stearns | |
Key people Brian Hale, CEO
James Hecht, COO | ||
Stearns Lending, LLC is an American wholesale, retail and correspondent lender. Stearns is one of the largest mortgage lenders in the US and the fifth-largest privately held lender nationwide.
Glenn Stearns founded the company in 1989. He served as the company's chief executive officer from its founding until May 2012 when Stearns named Brian Hale, former president and national production executive of MetLife Home Loans, as CEO.
Stearns was featured on the Inc. 5000 list of fastest growing private companies in America in 2013, 2014 and 2015. In August 2015, Stearns' parent company, Stearns Holdings, LLC, was purchased by The Blackstone Group. The American Bankers Association added Stearns Lending to its list of endorsed lending services through the Corporation for American Banking in May 2016.