Stearns Lending Announces New Structure and Market-Competitive Designations for its Executive Leadership Team

Stearns Lending, LLC, a leading provider of mortgage lending services in Wholesale, Retail, Consumer Direct, Correspondent and Strategic Alliances sectors, is pleased to announce it will implement a multi-layered managing directorship structure and begin to use new designations – including Executive Managing Director, Senior Managing Director and Managing Director – at senior leadership levels.

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“Stearns has experienced five-fold growth over the last four years. The remarkably talented members of our senior leadership team have each made significant contributions to our success. In keeping with industry practices, our new structure and accompanying market-competitive designations more clearly reflect levels of responsibility across our management team,” said Brian Hale, CEO of Stearns Lending. “These changes also represent meaningful career opportunities for others at Stearns. As the Company continues to grow, there will be a need for leaders to fill management roles within all of the production channels and departmental disciplines.”

As previously announced, James Hecht has been promoted to Chief Operating Officer, Executive Managing Director. In addition, the titles of Corporate Officers will change as follows:

• Uday Devalla, Chief Information Officer, Senior Managing Director
• Blythe Hughes, Chief Administration Officer, Senior Managing Director
• Tom Neary, Chief Investment Officer, Senior Managing Director
• Tom Noto, Chief Legal Officer, Senior Managing Director
• Steve Smith, Chief Financial Officer, Senior Managing Director
• Mary Malloy, Managing Director, Capital Markets

The titles of the Company’s leaders in the Fulfillment and Production channels will also change as follows:

• Kathleen Vaughn, Senior Managing Director, Third Party Originations
• John Adam, Managing Director, Retail
• Suzy Lindblom, Managing Director, National Fulfillment and Operations
• Michael Royer, Managing Director, Wholesale

The new organizational structure at Stearns is indicative of its status as a premier provider of mortgage lending services and a world-class workplace. The Company’s core values reflect the organization’s commitment to fostering talented individuals in a work environment that values and rewards exceptional performance. At Stearns, the “I Can Help You!” culture inspires growth and career development for employees, while helping to fulfill the goal of assisting families and individuals to achieve their dreams of homeownership.

For more than 25 years, Stearns has been helping employees, borrowers and business partners 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, Consumer Direct, 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.

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.

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