Headquartered in Santa Ana, California, Stearns Lending, Inc. has provided 24+ years of exceptional mortgage lending services throughout the 48 states where licenses are held. Stearns business channels include wholesale, retail and correspondent lending and financial institution mortgage out-sourcing services.
Stearns is licensed and approved to conduct business in all 48 states with HUD. Additionally, Stearns is a Ginnie Mae Approved Single Family Issuer; an approved Seller/Servicer for Fannie Mae; and, an approved Seller/ Servicer for Freddie Mac. Stearns is also approved for VA; USDA; and is an approved lending institution with FHA. Stearns also provides Jumbo and Conventional loan products.
Stearns is recognized as a Top 20 (2012-Q2) Residential Lender Ranked by Total Volume; a Top 20 (2012-Q2) Residential Lender Ranked by Total Number of Loans; the 4th largest Residential Lender Ranked by Wholesale Volume (2012 Q2); a Top 20 (2012-Q2) Residential Lender Ranked by FHA/VA Volume; and has become the 5th largest Privately Held Lender nationwide.* Stearns, as a company, funded $24 Billion over the past three years (representing 98,000 loans funded "In-house"). Additionally, Stearns has been recognized by Mortgage Technology Magazine's as one of its "Top 25 Tech-Savvy Lenders" for two consecutive years (2011 and 2012).
The Company was founded in 1989 by Glenn Stearns and is a privately held company. Mr. Stearns received the 2011 Horatio Alger Award and was named Ernst & Young's 2003 Entrepreneur of the Year. In addition, he received the Orange County Business Journal – 2007 Excellence in Entrepreneurship award.