Stearns Lending, LLC, a leading provider of mortgage lending services in Wholesale, Retail, and Strategic Alliance sectors, has announced the close of its shared equity partnership deal with Certainty Home Loans, an independent mortgage banker that delivers a confident closing, with the terms agreed upon, and the timing promised.
“Today’s successful mortgage companies understand the power of economies of scale and combined resources. Certainty Home Loans’ strong retail, consumer-centric model along with our wholesale, retail and strategic alliance sectors, allows us to provide our employees, customers, and partners with industry-leading technology and resources that help the dream of homeownership become a reality,” said David Schneider, CEO of Stearns Lending. “For Stearns Lending, the partnership helps accelerate the growth of Stearns’ retail sales channel and broadens our geographic footprint.”
This partnership launches Stearns’ new Preferred Partner Platform which leverages Stearns’ experience with its current Joint Venture business model which currently operates under ten different brands across the country. As the first Preferred Partner, Certainty Home Loans has access to Stearns’ industry-leading technology, direct access to capital markets expertise, and operational excellence.
“By leveraging Stearns’ advanced technology platform to streamline and improve interactions with partners, customers and each other, this partnership allows Certainty Home Loans to accelerate growth plans,” said Jim Clapp, president of Certainty Home Loans.
For more than 28 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.
About Stearns Lending, LLC
Stearns Lending, LLC is a leading provider of mortgage lending services in Wholesale, Retail, and Strategic Alliances sectors throughout the United States where licenses are held. The company was ranked as the #3 Wholesale Lender nationwide by Inside Mortgage Finance in June of 2016.
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.
Sep 11, 2018