SunTrust Banks Inc. has announced that Jerome T. Lienhard has been named president and chief executive officer of SunTrust Mortgage Inc. In this role, Lienhard will be responsible for SunTrust's mortgage production, servicing, operations, secondary marketing and technology areas. He will report to SunTrust Banks Consumer Banking Executive C.T. Hill.
Lienhard succeeds Sterling Edmunds Jr., who assumes a new and key role with SunTrust Mortgage company as executive vice president, national sales and production manager. Edmunds will be responsible for all SunTrust Mortgage production channels, including retail, correspondent, wholesale, consumer direct and consumer banking cross-sell.
"Jerome is an experienced and dynamic leader uniquely suited to lead this important SunTrust line of business at an extraordinary time in our industry and economy," said Hill. "At the same time we will continue to benefit from Sterling's strong sales and service skills as the mortgage industry evolves."
Lienhard joined SunTrust Banks Inc. as treasurer in 2006, and most recently served as executive vice president of strategic finance and administration, responsible for strategic sourcing, corporate real estate, strategic finance and performance measurement. Prior to joining SunTrust, Lienhard served as senior vice president and treasurer of Freddie Mac and as corporate treasury manager at Toyota Motor Credit Corporation.
Edmunds joined a SunTrust Mortgage predecessor in 1987 as builder programs manager. He subsequently developed the company's broker and correspondent divisions and oversaw the expansion of the retail mortgage branch network throughout the company's footprint. He began his career as finance manager of the Virginia Housing Development Authority in 1982.