Dynamic Growth at Stearns Lending Accelerates During the First Nine Months of 2016

SANTA ANA, CA / ACCESSWIRE / October 27, 2016 / Stearns Lending, LLC, a leading provider of mortgage lending services in Wholesale, Retail, Consumer Direct, Correspondent and Strategic Alliances sectors, is pleased to share highlights for the first nine months of 2016, reflecting the Company’s dynamic growth and superior execution of its strategic vision. Highlights of the tremendous growth at Stearns Lending include a 526 percent growth in overall loan production volume since 2011 and the addition of over 1200 employees in the last 12 months.

“The surge in growth at Stearns is a direct result of the hard work and dedication of our world-class workforce. Across all productions channels, operations and corporate departmental discipline, every team member is making valuable contributions toward fulfilling our overall strategic vision,” said Brian Hale, CEO at Stearns Lending.

As a part of this accelerated growth, the following talented leaders have been added to the organization in 2016. Each of these individuals brings with them significant industry knowledge and expertise having led top performing teams of significant size and scale:

Steve Smith as Chief Financial Officer (formerly with Caliber Home Loans)
Allyson Knudsen as Executive Vice President, Credit Strategy and Operations (formerly with Wells Fargo)
Renee Blackwell as Senior Vice President, Strategic Development (formerly with Caliber Home Loans)
Michael Gallo as Senior Vice President, Wholesale Divisional Sales Leader (formerly with Caliber Home Loans)
Phil Riccio as Senior Vice President, Margin Management (formerly with Caliber Home Loans)
Susan Walker as Regional Vice President of Retail, Southwest Region (formerly with Wells Fargo)
Mark Stevens as Regional Vice President of Retail, Midwest Region (formerly with Bank of America)

Stearns also recently implemented a managing directorship structure and announced the promotions of more than a dozen members of the executive leadership team, including the appointment of James Hecht as their Chief Operating Officer.

“These efforts have built a best-in-class leadership team and a platform that firmly supports continued growth. We are proud of our accomplishments to date, and envision an even brighter future,” said Stearns CEO Brian Hale.

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 #3 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.
“The 2015 Inc. 5000.” The 2015 Inc. 5000. Inc.com, Aug. 2015. Web. 18 Aug. 2015.

SOURCE: Stearns Lending, LLC

ReleaseID: 447734