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Stearns Lending, LLC is a leading provider of mortgage lending services in Wholesale, Retail, Consumer Direct, Strategic Alliances, Non-Delegated Correspondent and Financial Institutions sectors throughout the United States. Select a Business Segment from our wide variety to learn more about how we can meet your lending needs.
Stearns Wholesale provides our brokers with powerful tools, personal attention and a convenient purchase hub. With more than 25 years of mortgage lending experience—and as a top wholesale lender—you'll find that we offer you a solid foundation with a continued commitment to innovation. Our competitive product solutions enable you to offer your clients an array of mortgage options, each of which are designed to meet the unique needs of today's borrowers. We maintain this competitiveness by taking the time to listen to your input and leveraging that feedback into action.
Relaunched in 2009, Stearns has a robust retail channel with a variety of direct-to-consumer mortgage offerings. In order to provide the most comprehensive home financing experience, we have built solid relationships with real estate agents, builders, attorneys and other affiliated professionals. Our experienced, dedicated Mortgage Loan Originators (MLOs) ensure that each customer's loan application is processed promptly and accurately, resulting in quick closings.
Established in 2013 to meet the needs of busy consumers, this business unit provides Loan Officer coverage for extended hours encompassing multiple work shifts. Based in the Central Time Zone, this touchpoint is available for customers in any of the 49 states in which we are licensed to originate loans.* Our growing number of Mortgage Loan Originators (MLOs) is connected to our well-staffed Customer Service team. Primarily servicing purchase and refinance loans for Portfolio Customers, this group also offers expertise in Relocation Services and Blackstone Employee home financing.
By ourselves, we are strong. But through our Joint Ventures, our strength is magnified and diversified. Our key alliances include:
The Non-Delegated Correspondent business unit typically sells its originated mortgages to other lenders. The Correspondent performs a portion, or all, of the loan processing functions starting with the mortgage application throughout the entire process. Although there are variations, the Correspondent may or may not have delegated underwriting. They fund the loans at settlement and may or may not service the mortgage. In some cases, the Correspondent commissions a mortgage broker to perform some of the processing functions.
The Stearns Financial Institutions Group (FIG) is the only FIG endorsed by the American Bankers Association (ABA) for Fulfillment and Correspondent Services. Established in 1998, FIG offers flexible lending approaches for banks and credit unions of varying sizes, while still being able to offer discounts on services. (CU Partners is a sub-set of FIG, serving Credit Unions in California.) Strategic offerings include: • Private Label for Retail Lending • "Plug and Play" Microsite Solution • Multi-Channel Capabilities