“We are excited to announce the launch of William Lyon Mortgage, LLC and believe that this new venture will benefit our homebuyers and complement our homebuilding operations, while providing an additional source of earnings for the company,” Matthew Zaist, president and COO of William Lyon Homes, said. “We know Stearns Lending well because it has provided stellar service to many of our customers over the years, as reflected in our post-closing surveys.
Stearns Lending, LLC, the eighth largest direct lender in the country, is a non-bank mortgage originator and servicer that offers FHA
, USDA, conventional conforming and jumbo mortgage products directly to consumers and through its wholesale and correspondent lending channels.
“It is an honor to be selected as the partner for William Lyon Mortgage LLC," Brian Hale, CEO of Stearns Lending, said. “This partnership reflects our ability to deliver consistent solutions to a premier homebuilder while underscoring our commitment to serving the needs of home buyers.”
West Coast homebuilder William Lyon Homes has entered into an agreement with Stearns Lending LLC, to form William Lyon Mortgage,a limited liability company that will offer an array of mortgage banking services. The mortgage company will launch in phases across William Lyon Homes’ Western regional markets of Arizona, Colorado, Nevada and California, and is set to be fully deployed by the second half of 2015.