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Former Freddie Mac Exec Joins Stearns’ Board of Managers

Phil Hall
Feb 04, 2020
In support of those on the frontlines of the COVID-19 pandemic, Stearns Lending LLC has announced that it is offering a significant lender credit to first responders who apply for a refinance or mortgage to purchase a home through May 31st

Stearns Lending LLC has appointed David B. Lowman to become the newest member of its board of managers.
 
Stearns Lending LLC has appointed David B. Lowman to become the newest member of its board of managersLowman 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.”
 
Stearns Lending also recently announced that it has implemented the Total Expert Marketing Operating System (MOS) to personalize marketing and engagement efforts, boost loan officer productivity and drive business growth, so they can build stronger relationships and improve the customer experience.

 
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