Acra Lending, a California-based provider of non-qualified mortgage (non-QM) solutions for borrowers and investors, announced it has appointed Shawn Stone as its new CEO. Stone replaces Keith Lind, who is transitioning to chairman of the company’s board of directors.
Stone previously served as CEO of LendingPoint, a Georgia-based fintech platform focused on the consumer lending sector. He also worked for leading loan servicer Mr. Cooper for two decades, including a 20-month stint as chief revenue and originations officer.
“I’m really excited to be here,” Stone said in a press release from Acra. “From my perspective, this isn’t about a turnaround — far from it. The team has built something truly special.”
Stone continued: “My role now is to assess our strategy, work closely with our team and our board, and focus on accelerating our growth in the near term. If we do that, we’ll become the lender of choice for our partners, create meaningful career opportunities for our teammates, and deliver strong results for our investors.”
Acra Lending specializes in non-QM loans, which are designed to meet the needs of borrowers whose financial situations do not align with the conforming lending requirements of Fannie Mae, Freddie Mac or federal government programs.
Examples of non-QM programs offered by Acra include a 1099-only program designed for self-employed borrowers, and a foreign national program for borrowers without U.S. citizenship status who live and work outside of the country.
Acra ranked No. 3 in Scotsman Guide’s 2025 rankings for Top Non-QM Lenders with $3.39 billion in total non-QM volume the prior year.
Acra’s parent company, HPS Investment Partners, was acquired by multinational asset management firm BlackRock Inc. in July in a deal valued at $12 billion.
