New CFO at Stearns LendingTuesday, May 22, 2012
Santa Ana-based mortgage lender Stearns Lending Inc. has named industry veteran Gary Fabian as the company’s chief financial officer.
Fabian most recently served as vice president of production finance at MetLife Home Loans, the residential mortgage division of MetLife Bank N.A., a subsidiary of New York-based MetLife Inc. He replaces John Grazer.
Stearns Lending earlier this month named Brian Hale, another former MetLife executive, as chief executive officer.
The company is among the largest privately held lending institutions in the U.S., with about $19 billion funded over the past three years. It ranked No. 50 on last year’s Business Journal list of largest private companies based here, with $250 million in 2010 revenue, a 62% increase from a year earlier. It employs about 350 workers here and 1,000 companywide.
Fabian has spent more than 18 years in the mortgage banking industry, working at companies including Bank of America Home Loans, Redwood Credit Union and Capital Management Associates.
He will oversee overall financial policies and procedures, as well as companywide business operations at Stearns Lending.