Stearns Lending Celebrates Record-Breaking Funding Month in August

Production Volume Exceeds $2.83 Billion as Mortgage Origination Growth Accelerates Across All Business Channels

SANTA ANA, CA / ACCESSWIRE / September 29, 2016 / Stearns Lending, LLC, a leading provider of mortgage lending services in Wholesale, Retail, Correspondent and Strategic Alliances sectors, today announced that the Company broke all previous records, reaching a major milestone of $2.83 billion in production volume for the month of August 2016.

“Our record-breaking performance in August underscores the effectiveness of our strategies and our unwavering determination to further solidify our position as a force to be reckoned with in the mortgage industry,” said Brian Hale, CEO of Stearns Lending.

“In 2015, we achieved 117.2 percent year-over-year growth in overall volume and set our sights on reaching more impressive heights in 2016. This year we are on target to exceed previous levels of growth thanks to many factors, including full implementation of a proprietary loan origination system, superior adaptation to the post-TRID regulatory environment, and most important of all – our world-class workforce comprised of the industry’s most talented and dedicated mortgage professionals,” Hale added.

Stearns’ strategic focus on growing its Wholesale, Retail, Correspondent and Strategic Alliance channels has resulted in the hiring of over 1,170 employees in the past 12 months. Ideally positioned for continued growth, the Company expects to continue aggressively adding talent in a variety of positions and markets throughout the United States moving forward.

For more than 27 years, Stearns has been helping employees, borrowers and business partners to reach their goals by successfully exceeding expectations and leading the industry with innovation and efficiency. To learn more about Stearns, 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

Brad Hoke
bhoke@stearns.com
Executive Vice President
972-521-1057

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.

SOURCE: Stearns Lending, LLC

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