Stearns Invests in Smaller Mortgage Bankers to Build Retail Business

National Mortgage News, Sept. 12, 2018–Brad Finkelstein (subscription)
Stearns Lending is buying large equity stakes in smaller mortgage banking companies as it looks to grow its retail loan production business. In the first of these transactions Stearns closed on its purchase of a 50.2% equity interest in Certainty Home Loans.