Stearns Digital Offers a Complete Mobile Mortgage Experience – Business Wire (press release)

SANTA ANA, Calif.–(BUSINESS WIRE)–Stearns
Lending, LLC
, a leading provider of mortgage lending services in
Wholesale, Retail, Strategic Alliances and Consumer Direct sectors,
today announced the launch of Stearns Digital – a digital
platform that puts customers in charge of the home loan application
process.

With Stearns Digital you will be able to complete a loan application and
submit the application for processing on a desktop through a website or
on mobile devices through an app for Apple or Android.

Simple and fast, the new digital platform engages borrowers and gives
Mortgage Loan Originators productivity tools that help them ensure a
superior experience for their customers and business partners.

“Stearns Digital is easy to use and delivers a smooth experience,� said David
Schneider, CEO at Stearns Lending
. “Best of all, this platform
speeds up the loan process, which means our borrowers can move into
their new home sooner.�

The functionality of Stearns Digital is designed for speed and
simplicity without sacrificing security or accuracy.

  • Ease of use. Filling out the loan application (known as a 1003
    in the mortgage industry) is a simple matter of entering a name and
    personal identification information. Customers can fill out the form
    themselves or with the help of their Mortgage Loan Originator.
  • Time saving. With just a few clicks, the customer also can ask
    the platform to electronically verify their income, employment and
    assets.
  • Faster loan approvals. If the customer decides to proceed with
    their application, online verification of information flows directly
    to loan underwriting, where qualified borrowers quickly receive a firm
    loan approval.
  • Secure. All data is encrypted to ensure the safety of a
    customer’s personal information.

“These new digital platform enhancements save time, which means Mortgage
Loan Originators can focus on the important personal aspects of their
relationships with borrowers and business partners,� said Uday
Devalla, CIO at Stearns Lending.

In addition to the ability to submit a full loan application on a mobile
device, the digital platform enables sharing of status details during
the loan approval process.

  • Customers and Mortgage Loan Originators receive pop up notifications
    on their phone so they can stay up to date when key loan milestones
    occur.
  • Additional tools also contribute to a superior mortgage experience by
    giving customers and mortgage professionals access to real-time
    information that fosters a sense of control.

“Our ultimate goal is facilitating our customers’ dreams of
homeownership. Stearns Digital empowers our borrowers and allows us to
engage with our customers like never before,� said CEO Schneider.

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

A rapidly-growing mortgage industry leader and innovator, Stearns
Lending, LLC, provides responsible, simplified mortgage solutions in
Wholesale, Retail, Strategic Alliances and Consumer Direct sectors
throughout the United States where licenses are held. The company and
its team members are passionately committed to delighting customers,
while leading the industry in profitable growth.

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.

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