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Stearns Lending Appoints Mortgage Industry Veteran David Lowman To Board Of Managers
Lowman Brings 40 years of National and International Finance Expertise to Support Stearns Growth Plan
Stearns Lending, LLC (“Stearns”), a leading mortgage lender with Wholesale, Retail, Joint Ventures, and Preferred Partners, announced today that mortgage and consumer finance industry veteran David B. Lowman has been appointed to the Stearns Holdings, LLC Board of Managers, effective February 1, 2020.
Lowman brings 40 years of national and international finance expertise to the Stearns Board. Lowman is the former Executive Vice President with Freddie Mac, where he led the transformation of Freddie Mac’s Single-Family business to a client-centric, commercial enterprise. Under his leadership, the company embraced a culture of innovation and growth, which culminated in Freddie Mac achieving portfolio and market share growth.
Prior to joining Freddie Mac, Lowman served as CEO of Chase Home Lending, overseeing $150 billion in annual production and a $1.2 trillion servicing portfolio at what was then the country's third-largest mortgage originator and servicer. He spent a decade in senior leadership roles in various Citigroup businesses, where he led the growth and transformation of U.S. and global consumer lending businesses.
In making the announcement, Stearns CEO David Schneider said, “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. I have known Dave for nearly 20 years and look forward to working with him to support our growth plan.”
“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,” said Dave Lowman. “Stearns is a unique platform that is well positioned to grow organically and through additional partner relationships.”
- Feb 03, 2020
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