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Stearns Lending Recognized as 2012 Top 20 Residential Lender

Santa Ana's ""Stearns Lending, Inc."":http://www.stearns.com/, a nationwide mortgage lending institution, announced its inclusion on ""Mortgagestats.com's"":https://secure.mortgagestats.com/?return_url=http://mortgagestats.com/ list of the 2012 Top 20 Residential Lenders Ranked by Volume.

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According to Mortgagestats.com's 2012 rankings, Stearns increased its production volume by 107 percent year-over-year, making it one of four of the nation's Top 20 Lenders to double funding volumes during the year. Stearns' loan volume was more than $11.8 billion last year compared to $5.7 billion in 2011.

""We are seeing excellent results from our nimble, customer-centric approach,"" said Stearns CEO Brian S. Hale. ""At a time when larger competitors such as Wells Fargo, Bank of America, Chase and others are either losing market share or experiencing slower rates of growth, the Stearns organization is flourishing and gaining momentum in the marketplace thanks in large part to our focus on adding and expanding our origination channels, onboarding targeted key personnel and delivering customer-driven solutions that reflect today's lending environment.""

In addition to earning honors for its loan volume, Stearns also ranked No. 14 for Federal Housing Administration/Veterans Affairs (FHA/VA) volume; No. 15 for FHA/VA loans; No. 4 for Wholesale Volume; No. 18 for Correspondent Volume; and No. 49 for Retail Volume.

Based on loan production figures, Stearns estimates its year-over-year origination volume increased 61 percent in the first quarter of 2013.

""We are extremely pleased to be recognized as one of 2012's Top 20 Residential Lenders,"" said Stearns president Katherine Le. ""Indicators clearly show that opportunities for growth are increasing. Stearns has made the commitments to infrastructure and, as a result, has benefited in retail, wholesale and correspondent lending channels.""

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