When did Stearns go out of business?
Stearns Lending, LLC, a prominent non-bank mortgage lender, ceased its primary retail and direct-to-consumer mortgage origination operations in 2021 after a strategic decision by its parent company, Guaranteed Rate, to wind down the brand and consolidate lending operations. This decision followed a long-term corporate restructuring trajectory, including previous acquisition events and shifts in the competitive landscape of the American mortgage industry. The closure marked the end of the Stearns legacy as a standalone mortgage originator, with active loan assets and customer servicing accounts systematically transitioned or integrated into broader mortgage platforms.
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