Former Bank of America Market Leader Joins Stearns Lending’s Retail Management Team in the Midwest

Mortgage industry veteran Mark Stevens to serve as Regional Vice President, responsible for the Company’s retail presence in the Midwest

SANTA ANA, CA / ACCESSWIRE / April 1, 2016 / Stearns Lending, LLC, a leading provider of mortgage lending services in Wholesale, Retail, Correspondent and Strategic Alliances sectors, is pleased to announce the appointment of Mark Stevens as Regional Vice President of Stearns Retail for the Midwest market. He will lead the development and executive management of the Company’s retail mortgage lending presence throughout the region, which includes Illinois, Indiana, Iowa, Michigan, Minnesota, Ohio, Wisconsin and the surrounding states.

“We are very pleased to welcome Mark Stevens to our Retail management team,” said John Adam, Executive Vice President – National Retail Lending Leader at Stearns. “Mark has an impressive track record of success at growing high-performing sales organizations, and the caliber of support he provides at the local, regional and national level will further the strength of our leadership team. Mark’s contributions will be invaluable as we continue to expand our market presence throughout the Midwest.”

Stevens joins Stearns after working at Bank of America where he served as a Regional Sales Executive. During his career in mortgage banking that spans over 30 years, Stevens has established a reputation for leadership excellence and has held executive-level positions at firms such as Countrywide Financial, Flagstar Bank and GMAC Mortgage.

Retail growth at Stearns Lending continues to be an area of intense strategic focus for the Company, as it complements the success of its other business lines. The Company experienced record loan funding volume in 2015 and significantly increased its Retail market share, as well as market share in its other channels.

To learn more about Stearns and its products, services and winning culture, visit stearns.com and join.stearns.com.

About Stearns Lending, LLC

Stearns Lending, LLC is a leading provider of mortgage lending services in Wholesale, Retail, Correspondent and Strategic Alliances sectors throughout the United States. Currently ranked as #2 Wholesale Lender nationwide*, Stearns Lending continues to expand as a company overall, making the Inc. 5000 list of Fastest Growing Private Companies in America in 2013, 2014 and 2015**, based on revenue growth of 250% over a three-year period.

Stearns Lending is an equal housing lender and is licensed to conduct business in 49 states and the District of Columbia. Additionally, Stearns Lending is an approved HUD (United States Department of Housing and Urban Development) lender; a Single Family Issuer for Ginnie Mae (Government National Mortgage Association); an approved Seller/Servicer for Fannie Mae (Federal National Mortgage Association); and an approved Seller/Servicer for Freddie Mac (Federal Home Loan Mortgage Corporation). Stearns Lending is also approved as a VA (United States Department of Veterans Affairs) lender, a USDA (United States Department of Agriculture) lender, and is an approved lending institution with FHA (Federal Housing Administration). Stearns Lending, LLC is located at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707. Company NMLS# 1854.

For more information, visit www.stearns.com.

Media Contact

James Hecht
jhecht@stearns.com
Executive Vice President, Strategic Development
972-521-1055

References

* http://www.insidemortgagefinance.com/
– Top Broker Channels. Rep. no. 12M2015. Inside Mortgage Finance, Dec. 2015. Web. 15 Mar. 2016.
** http://www.inc.com/profile/stearns-lending
– “The 2013 Inc. 5000.” The 2013 Inc. 5000. Inc.com, Aug. 2013. Web. 18 Mar. 2015.
– “The 2014 Inc. 5000.” The 2014 Inc. 5000. Inc.com, Aug. 2014. Web. 18 Mar. 2015.
– “The 2015 Inc. 5000.” The 2015 Inc. 5000. Inc.com, Aug. 2015. Web. 18 Aug. 2015.

SOURCE: Stearns Lending, LLC

ReleaseID: 438346