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Stearns Lending LLC has appointed Steve Smith to the position of chief financial officer, with senior executive level responsibilities for the company’s accounting, treasury and financial activities and associated strategies.
“We are very excited that Steve has agreed to join our executive team and step into this critical leadership role. With 28 years of senior executive level experience in finance, mortgage banking and the real estate industry, Steve will be invaluable to Stearns,” said Brian Hale, CEO of Stearns Lending. “We currently have outstanding teams and processes in place. With Steve onboard, we’re able to further enhance our effectiveness and build out the strategies, protocols and platforms required to achieve our ambitious goals as a mortgage industry leader.”
Smith is a seasoned industry professional with nearly three decades of mortgage banking and financial services industry experience. Prior to joining Stearns, Smith served as chief financial officer for Caliber Home Loans where he was responsible for providing strategic financial leadership to support growth and expansion. Earlier in his career, he held various executive positions at Bank of America Home Loans, including national service executive, national sales executive and chief financial officer.
“I am excited to join such an amazing organization filled with the top mortgage banking talent in the industry,” said Smith. “I see Blackstone’s capital investment in Stearns, and their focus on continuing the growth of the world-class operating platform, as a significant competitive advantage. I look forward to working with the accounting, treasury and finance professionals who have helped enable Stearns’ incredible growth.”