Stearns Lending LLC
has appointed David B. Lowman to become the newest member of its board of managers.
Lowman is a former executive vice president with Freddie Mac, where he focused on the enterprise’s single-family business. Prior to joining Freddie Mac, he was CEO of Chase Home Lending, overseeing $150 billion in annual production and a $1.2 trillion servicing portfolio. Earlier in his career, spent a decade in senior leadership roles in various Citigroup businesses, focusing on U.S. and global consumer lending businesses.
“As we enter our next 30 years in the mortgage industry, the appointment of Dave to the Stearns board will provide a unique mortgage perspective to build upon the strong foundation our board has established,” said David Schneider, CEO of the Lewisville, Texas-based Stearns Lending. “I have known Dave for nearly 20 years and look forward to working with him to support our growth plan.”
Lowman added: “I am excited by the opportunity to work closely with Blackstone and the Stearns Lending executive team to help the company achieve its strategic objectives. Stearns is a unique platform that is well-positioned to grow organically and through additional partner relationships.”