SunTrust Banks late Tuesday named Jerome Lienhard president and chief executive officer of its mortgage division, the nation’s 11th largest originator of residential loans.
His appointment was effective immediately. He will be in charge of everything from funding and servicing to secondary markets and technology.
Lienhard succeeds Sterling Edmunds Jr., who will move over and take a position as executive vice president of national sales and production. Edmunds will be in charge of all of SunTrust’s funding channels, including retail, wholesale and correspondent. He also will oversee cross selling options.
Besides being the nation’s 11th largest originator, the bank owned mortgage company ranks 8th among servicers with $165 billion of receivables, according to the Quarterly Data Report.
Lienhard joined SunTrust as treasurer in 2006. During his career he has worked for several firms including Freddie Mac.
