Former Wholesale Executive at Caliber Home Loans Michael Gallo Joins Stearns Lending

Wholesale Channel Expert and Veteran Mortgage Banker to Serve as Senior Vice President, Divisional Sales Leader for the Western U.S. for Stearns Wholesale

SANTA ANA, CA / ACCESSWIRE / August 31, 2016 / Stearns Lending, LLC, a leading provider of mortgage lending services in Wholesale, Retail, Correspondent and Strategic Alliances sectors, is pleased to announce that Michael Gallo has been named Senior Vice President, Wholesale Divisional Sales Leader, responsible for day-to-day management and oversight of loan production in the Company’s Western Division.

“We are very excited that Michael has elected to join us. His expertise and proven track record in wholesale lending spans more than 20 years, and he brings fresh perspective, balance and insight to the channel,” said Michael J. Royer, Managing Director, Wholesale at Stearns Lending. “Michael will be an incredibly valuable addition to our team as we execute on strategic initiatives to grow market share and continue to meet needs and exceed expectations of our business partners and their clients.”

Prior to joining the Company, Gallo served as the Senior Vice President, National Operations Wholesale Lending at Caliber Home Loans. Earlier in his career he held senior leadership positions at MetLife Home Loans and Bank of America Home Loans.

“Stearns Wholesale has an exceptional management team, a superior business model and a track record for success as one of the top wholesale organizations in the country. I am thrilled to join this dynamic group and look forward to playing my part as we strive to achieve even higher levels of success,” said Gallo.

Gallo is based at the Lewisville, Texas office of Stearns Lending, and will work closely with the Company’s Wholesale Regional Sales Leaders and other key team members to support efforts to meet the long-term goals and vision for Stearns Wholesale.

For more than 25 years, Stearns has been helping employees, borrowers and business partners to reach their goals by successfully exceeding expectations and leading the industry with innovation and efficiency. To learn more about Stearns, visit stearns.com and join.stearns.com.

About Stearns Lending, LLC

Stearns Lending, LLC is a leading provider of mortgage lending services in Wholesale, Retail, Correspondent and Strategic Alliances sectors throughout the United States. Currently ranked as #2 Wholesale Lender nationwide*, Stearns Lending continues to expand as a company overall, making the Inc. 5000 list of Fastest Growing Private Companies in America in 2013, 2014 and 2015**, based on revenue growth of 250% over a three-year period.

Stearns Lending is an equal housing lender and is licensed to conduct business in 49 states and the District of Columbia. Additionally, Stearns Lending is an approved HUD (United States Department of Housing and Urban Development) lender; a Single Family Issuer for Ginnie Mae (Government National Mortgage Association); an approved Seller/Servicer for Fannie Mae (Federal National Mortgage Association); and an approved Seller/Servicer for Freddie Mac (Federal Home Loan Mortgage Corporation). Stearns Lending is also approved as a VA (United States Department of Veterans Affairs) lender, a USDA (United States Department of Agriculture) lender, and is an approved lending institution with FHA (Federal Housing Administration). Stearns Lending, LLC is located at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707. Company NMLS# 1854.

For more information, visit www.stearns.com.

Media Contact
Brad Hoke
bhoke@stearns.com
Executive Vice President
972-521-1057

References

*http://www.insidemortgagefinance.com/

Top Broker Channels. Rep. no. 12M2015. Inside Mortgage Finance, Dec. 2015. Web. 15 Mar. 2016.

**http://www.inc.com/profile/stearns-lending

“The 2013 Inc. 5000.” The 2013 Inc. 5000. Inc.com, Aug. 2013. Web. 18 Mar. 2015.
“The 2014 Inc. 5000.” The 2014 Inc. 5000. Inc.com, Aug. 2014. Web. 18 Mar. 2015.
“The 2015 Inc. 5000.” The 2015 Inc. 5000. Inc.com, Aug. 2015. Web. 18 Mar. 2015.

SOURCE: Stearns Lending, LLC

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