Lending, Inc., a leading nationwide mortgage lending institution
encompassing Retail, Wholesale and Correspondent business channels,
announced today the appointment of James Hecht to the role of Executive
Vice President – Strategic Development.
James Hecht joins Stearns Lending as EVP - Strategic Development. Hecht left Nationstar to lead and grow Stearns' strategic production channels. (Photo: Business Wire)
James Hecht brings 20+ years of mortgage banking sales,
operations and strategic partnership leadership expertise to Stearns.
Prior to joining Stearns, Mr. Hecht most recently served as Executive
Vice President, National Retail and Builder Production, for Nationstar
Mortgage. Previously, Mr. Hecht held executive roles with MetLife
Home Loans, Bank of America and Countrywide Home Loans,
serving as National Head of Consumer Direct Production, Divisional
Retail Sales Executive, National Retail Fulfillment Executive and
National Head of Home Builder Production.
Mr. Hecht began his career as an intern at MGIC and later a
commissioned originator. He has a proven track record of building high
performing teams and growing production through traditional and emerging
channels. He is widely considered one of the top Strategic Alliance
Executives in the industry as he developed and operated multiple builder
and Realtor alliances including the largest builder joint venture in the
industry which was owned by Bank of America and KB Home.
“We are extremely pleased and fortunate that James Hecht
recognized the vast opportunities at Stearns. His arrival is indicative
of Stearns’ broadening strength and increasing credibility as a leader
in the mortgage space,” said Brian S. Hale, the
Company’s Chief Executive Officer. “As a member of the Stearns
Executive Management Team, James will be responsible for leading and
growing strategic production channels such as Consumer Direct, Builder,
Credit Union Partners, and our Marketing and Recruitment teams. He will
be based in Dallas, TX and will provide oversight to our growing
operations in the DFW market.”
James Hecht received his Bachelor of Business Administration
degree for Marketing from the University of Wisconsin – Milwaukee,
School of Business Administration.
Headquartered in Santa Ana, California, Stearns Lending, Inc., and its
affiliated entities, have provided 23 years of exceptional mortgage
lending services throughout the United States where licenses are held.
Stearns’ business channels include wholesale, retail and correspondent
lending; and credit union mortgage outsourcing services.
Stearns is licensed and approved to conduct business in 49 states with
HUD (United States Department of Housing and Urban Development).
Additionally, Stearns is an approved Single Family Issuer for Ginnie Mae
(Government National Mortgage Association); an approved Seller/Servicer
for FNMA (Federal National Mortgage Association), also known as Fannie
Mae; and, an approved Seller/Servicer for FHLMC (Federal Home Loan
Mortgage Corporation), also known as Freddie Mac. Stearns is also
approved for VA (United States Department of Veterans Affairs), USDA
(United States Department of Agriculture), and is an approved lending
institution with FHA (Federal Housing Administration). Stearns also
provides Jumbo, Conventional and Portfolio loan products.
Stearns is recognized as a Top 20 Residential Lender Ranked by Total
Volume (2012-Q2); a Top 20 Residential Lender Ranked by Total Number of
Loans (2012-Q2); the 4th largest Residential Lender Ranked by Wholesale
Volume (2012 Q2); a Top 20 Residential Lender Ranked by FHA/VA Volume
(2012-Q2); and has become the 5th largest Privately Held Lender
nationwide.* Stearns, as a company, funded $24 Billion over the past
three years (representing 100,000 loans funded “In-house”).
Additionally, Stearns has been recognized by Mortgage Technology
Magazine’s as one of its “Top 25 Tech-Savvy Lenders” for two consecutive
years (2011 and 2012).
The Company was founded in 1989 by Glenn Stearns and is a
privately held company. Mr. Stearns received the Horatio Alger Award and
was named Ernst & Young’s Entrepreneur of the Year. In addition, he
received the Orange County Business Journal – Excellence in
Stearns Lending, Inc. is located at 4 Hutton Centre Drive, 10th
Floor, Santa Ana, CA 92707.
For more information call (800) 350-LEND or visit www.stearns.com.
* Information provided by www.mortgagestats.com
Horatio Alger Award Presentation
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