Stearns Lending LLC’s chief executive officer is stepping down. A former Walter Investment Management Corp. executive is stepping in.

The Santa Ana, California-based mortgage banker issued a statement indicating that Brian Hale is stepped down as CEO on Monday.

Hale took the CEO role in May 2012. Originations under his leadership have gone from less than $6 billion in 2011 to $26 billion during 2016.

Source: Mortgage Daily