Stearns Lending

Stearns Lending, LLC
Company typeSubsidiary
IndustryFinancial Services
Founded1989
FounderGlenn Stearns
Defunct2021 (2021)
FateAcquired by Guaranteed Rate
HeadquartersLewisville, Texas,
U.S.
Key people
David Schneider, CEO
Steve Smith, President & CFO
Revenue$521.7 million (2014)
Number of employees
1,700 (2015)
Websitewww.stearns.com

Stearns Lending, LLC was an American wholesale, retail, and correspondent lender. Founded in 1989, it grew until it became the fifth-largest privately held lender in the US in 2013. The company declared bankruptcy in 2019 and was acquired by Guaranteed Rate two years later.

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