Stearns Lending, LLC has Exciting News for our Business Partners
On Friday August 21, 2015, we announced that funds managed by the private equity group of Blackstone (NYSE: BX), a leading global asset manager, acquired a majority stake in Stearns Holdings, LLC, the parent of Stearns Lending.
This new partnership with Blackstone will enable us to further accelerate our growth plans and provide even more solutions to help you grow your business.
How will this change impact you?
As our valued business partner, you should know it’s “Business as Usual” at Stearns and your customers will continue to receive the same great products and service you know and expect from us.
• We will continue to uphold our mission and culture with our We Can Help You!® philosophy.
• Our strong leadership team will continue to focus on building our company into the preeminent residential mortgage lender in the U.S.
As we look forward to an exciting future, we remain dedicated to helping you succeed. Stearns’ exponential growth over the past three years has brought us to an exceptional point in our company’s history and your business and support continue to be key in our success. Stearns is currently ranked the #1 Wholesale Lender*, and the #3 Privately Held Direct Lender in the country**. We Can Help You!®
In the interest of clarity, please note that Stearns is not affiliated with Finance of America Holdings, LLC which is owned by a different Blackstone fund.
* Top Broker Channels. Rep. no. 3M2015. Inside Mortgage Finance, May. 2015. Web. 1 Jun. 2015.
**Top 40 Mortgage Lenders: Rep.no. 1Q15. Inside Mortgage Finance, Apr. 2015. Web. 7 May. 2015.
The transaction with Blackstone is subject to regulatory approval and is expected to close by year-end 2015.
The information provided in this flyer is for dissemination to real estate and financial business entities only, and is not intended for use as an advertisement for the extension of credit to consumers. This is not a commitment to lend. Program restrictions apply. Stearns Lending, LLC offers many loan products. Stearns Lending, LLC is a California Limited Liability Company headquartered at 4 Hutton Centre Drive, 10th Floor, Santa Ana, California 92707. (800) 350-LEND (5363) Company NMLS# 1854 (www.nmlsconsumeraccess.org). Stearns Lending, LLC is licensed, registered, or exempt from licensing to conduct business in the following states which require license disclosure on advertising materials: Arizona Mortgage Banker License #0905413; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act RMLA# 4130495; Georgia Residential Mortgage Licensee #24066; Illinois Residential Mortgage Licensee #MB.6760686; Kansas Licensed Mortgage Company #MC.0025047; Massachusetts Mortgage Lender/Broker License #MC1854; Licensed by the Mississippi Department of Banking and Consumer Finance; Missouri Residential Mortgage Loan Broker License #12-2052; Licensed by the New Hampshire Banking Department; Licensed by the N.J. Department of Banking and Insurance; Rhode Island Licensed Lender; Registered under Texas SML Mortgage Banker Registration; Virginia State Corporation Commission Lender/Broker License #MC-2184; Washington Consumer Loan Company License #CL-1854. For State of Nevada residents Stearns Lending, LLC is a mortgage lender promoting the loan products or services contained in this article; the business phone number that Stearns Lending maintains on file with the State of Nevada Department of Business and Industry is (714) 513-7777. This information is accurate as of August 25, 2015. © 2015 Stearns Lending, LLC All Rights Reserved. BLKS_001 8/25/15.
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