Guaranteed Rate, one of the country’s largest retail mortgage lenders, has entered into an agreement to acquire Texas-based Stearns Holdings, LLC from funds managed by Blackstone.
A national top 25 lender with more than $20 billion in origination volume in 2020, Stearns was founded in 1989 and operates in all 50 states through retail, joint venture, partnership and wholesale channels.
Read on to learn more about this acquisition.