March 01, 2015 7:52 AM ET

Thrifts and Mortgage Finance

Company Overview of Stearns Lending, Inc.

Company Overview

Stearns Lending, Inc. provides mortgage lending services in the United States. Its business channels include wholesale, retail, and correspondent lending; credit union mortgage outsourcing services; appraisal management services; and verification services of 4506-T’s, SSN’s, and condo project approvals. Stearns Lending, Inc. was founded in 1984 and is based in Santa Ana, California with additional offices from California to New Jersey.

4 Hutton Centre Drive

10th Floor

Suite 500

Santa Ana, CA 92707

United States

Founded in 1984

Phone:

714-513-7086

Fax:

714-513-7087

Key Executives for Stearns Lending, Inc.

Chief Executive Officer and Director
President and Director
Founder and Chairman
Age: 51
Chief Financial Officer
Senior Vice President of Operations
Compensation as of Fiscal Year 2014.

Stearns Lending, Inc. Key Developments

Stearns Lending, LLC Appoints John Adam as Executive Vice President, National Head of Retail Lending

Stearns Lending, LLC announced that John Adam has joined the company as Executive Vice President, National Head of Retail Lending. Prior to joining Stearns, Adam served as the Northeast Sales Executive for Bank of America, which included market leadership of the Northeast, Midwest, and mid-Atlantic markets. Prior to his tenure at Bank of America, Adam spent 14 years leading and building sales teams throughout the Eastern United States for Wells Fargo Home Mortgage.

Stearns Lending, Inc. Announces Presence in the Bay Area and the Central Valley; Announces Management Appointments

Stearns Lending, Inc. announced it has expanded its Retail sales management and leadership team in Northern California with a market presence in the Bay Area and the Central Valley. Joining Stearns Lending is Regional Vice President Jonathan Engler, along with Branch Managers Michael DiMaggio, Neil Khan, Kenneth Low and Jaspal Sohal. The five members of the Stearns Northern California leadership team have previously served as sales leaders at companies that include Bank of America, CitiMortgage, and Wells Fargo. The team has more 100 years of combined experience in mortgage lending and related residential finance experience.

Stearns Lending, Inc. Announces New Appointments

Stearns Lending, Inc. announced that correspondent sales leaders, Jennifer Eggen and Carmen Fenn Drake, have joined the company. The two executives have joined the company as senior regional vice president of Correspondent Lending, with Eggen leading correspondent growth in the South Central Region and Fenn Drake in the Southeastern region of the U.S. Jennifer Eggen has more than 30 years of mortgage banking experience in sales management and production. Previously, she was a leader within Wells Fargo's correspondent lending business unit where she served as vice president and regional sales executive. With more than 30 years of experience in mortgage banking, Carmen Fenn Drake has most recently served as regional vice president with Wells Fargo's correspondent business.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 12, 2014
Private Mortgage Advisors, LLC
 

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