Wells Fargo Home Mortgage Wholesale Lending Chief Joins Stearns’ Executive Management Team

Kathleen L. Vaughan brings more than two decades of leadership experience to new role as Executive Vice President – National Third-Party Production

Business Wire

SANTA ANA, Calif.--(BUSINESS WIRE)--

Stearns Lending, Inc., a leading national mortgage lender with Retail, Wholesale and Correspondent business channels, announced today the appointment of Kathleen L. Vaughan as Executive Vice President – National Third-Party Production. In this newly created position, Vaughan will lead the Company’s highly successful, technology-driven, third-party (TPO) loan origination platform which includes both Wholesale and Correspondent lending channels, as well as Stearns’ rapidly growing MSR acquisition unit.

“We are very pleased to welcome Kathleen to the senior management team at Stearns Lending,” said Brian S. Hale, CEO at Stearns Lending. “With twenty-five years of mortgage industry experience and her impressive ability to drive results, Kathleen will be an invaluable asset to the entire organization, but especially to our Wholesale and Correspondent Division teams and clients. We see the TPO business as having three sub-channels. Kathleen will provide leadership and valuable insight across all three sub-channels.”

Prior to joining Stearns Lending, Vaughan was Executive Vice President at Wells Fargo Home Mortgage, where she led the wholesale business channel to a #1 market share position. During her 19-year tenure at Wells Fargo, she also served as Executive Vice President, Home Equity, with responsibility for Wholesale and Correspondent originations. Prior responsibilities include the position of Senior Vice President, Correspondent Lending.

During the 1990s, Vaughan was Chief Operating Officer at two separate mortgage banking firms: Citizen’s National Mortgage Company, a then-leading producer of government loan program originations; and Bowest, a privately held arm of The Bowery Bank of New York that specialized in loan servicing. She began her career in the financial services arena as a Securities Sales Associate at Goldman Sachs.

Vaughan holds a Juris Doctor degree from Stanford Law School.

Vaughan is a founding member of the FORTUNE / U.S. State Department International Mentorship program and she has been recognized by the FORTUNE Most Powerful Women Summit since 2006. In addition, Vaughan serves as a member of the board of directors of Vital Voices, a non-profit organization that has trained and mentored more than 14,000 emerging women leaders from over 144 countries since 1997.

About Stearns Lending, Inc.

Headquartered in Santa Ana, California, Stearns Lending, Inc. and its affiliated entities have provided 23 years of exceptional mortgage lending services throughout the United States where licenses are held. Stearns Lending’s business channels include wholesale, retail, correspondent and financial institutions.

Stearns Lending is licensed to conduct business in 49 states with HUD (United States Department of Housing and Urban Development). Additionally, Stearns Lending is an approved Single Family Issuer for Ginnie Mae (Government National Mortgage Association); an approved Seller/Servicer for FNMA (Federal National Mortgage Association), also known as Fannie Mae; and, an approved Seller/Servicer for FHLMC (Federal Home Loan Mortgage Corporation), also known as Freddie Mac. Stearns Lending is also approved for VA (United States Department of Veterans Affairs), USDA (United States Department of Agriculture), and is an approved lending institution with FHA (Federal Housing Administration).

Stearns Lending has been recognized by Mortgage Technology Magazine as one of its “Top 25 Tech-Savvy Lenders” for two consecutive years (2011 and 2012). Stearns Lending also was named a 2012 Top Work Place by the Orange County Register.

Stearns Lending was founded in 1989 by Glenn Stearns. Mr. Stearns was named Ernst & Young’s Entrepreneur of the Year and received the Orange County Business Journal – Excellence in Entrepreneurship award. He also was a 2011 Horatio Alger Association of Distinguished Americans Inductee.

Stearns Holdings, Inc. is located at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707.

For more information, please visit www.stearns.com.

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Contact:
Stearns Lending, Inc.
Semone Aye, 714-437-3236
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