Bank of America Retail Sales Executive John Adam Joins Stearns Lending

Industry veteran joins Stearns as Executive Vice President, National Head of Retail Lending to continue nationwide growth of retail channel

John Adam of Bank of America joins Stearns Lending's executive team. (Photo: Business Wire)

SANTA ANA, Calif.--()--Stearns Lending, LLC, a leading national mortgage lender with Retail, Wholesale, Correspondent, and Strategic Alliances business channels, today announced that John Adam has joined the Company as Executive Vice President, National Head of Retail Lending.

“Stearns is pleased to welcome someone of John’s caliber to the senior executive team. He brings a passion for growth, and we look forward to the valuable contributions he will make as we continue to grow our Retail footprint across the United States,” said Brian Hale, Chief Executive Officer of Stearns Lending. John is an exceptional leader whose thirty years of Retail Mortgage experience will be invaluable to our strategic goals of growth and dominance in the Retail Mortgage Lending space.”

Prior to joining Stearns, Adam served as the Northeast Sales Executive for Bank of America, which included market leadership of the Northeast, Midwest, and mid-Atlantic markets. There, in addition to leading a 500-person integrated retail sales team, he held leadership roles in sales training, product development and organizational / compensation development. Prior to his tenure at Bank of America, Adam spent 14 years leading and building sales teams throughout the Eastern United States for Wells Fargo Home Mortgage. While at Wells he assumed numerous leadership roles in disciplines that included strategy formation, change management, and developing a nationally recognized sales trading curriculum.

“Stearns is renowned for its nimble, customer-centric approach to mortgage lending. I am excited to be working with all of the Company’s Outrageously Talented® team members, and lead the rapidly growing Retail channel,” Adam said.

About Stearns Lending, LLC

Headquartered in Santa Ana, California, Stearns Lending, LLC and its affiliated entities, are celebrating its 25th anniversary of providing exceptional mortgage lending services throughout the United States where licenses are held. Stearns Lending’s business channels include wholesale, retail, correspondent and strategic alliances.

Stearns Lending is currently ranked as #1 Wholesale Lender nationwide by Inside Mortgage Finance, and continues to expand as a company overall, making the Inc. 5000 list of Fastest Growing Private Companies in America for a second year in a row. Stearns Lending also has been recognized by Mortgage Technology Magazine as one of its “Top 25 Tech-Savvy Lenders” for three consecutive years (2011, 2012, and 2013). Stearns Lending was named a 2012 Top Work Place by the Orange County Register.

Stearns Lending was founded in 1989 by Glenn Stearns. Glenn 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. Katherine Le, the company’s President, has been with Stearns for nearly two decades, and in 2011 was honored as an outstanding businesswoman / prominent female executive by the Orange County Business Journal. Most recently, she was named as an Elite Woman in Mortgage by the Mortgage Professional America magazine.

Stearns Lending is licensed to conduct business in 49 states and the District of Columbia 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, LLC is located at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707. Company NMLS# 1854.

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

References

http://www.insidemortgagefinance.com/
http://www.nationalmortgagenews.com/mortgage-technology/2013-top-tech-savvy-lenders-and-servicers-list-revealed-1038346-1.html
http://www.inc.com/profile/stearns-lending

Contacts

Stearns Lending, LLC
Semone Aye, 714-437-3236
Vice President, Marketing

Release Summary

John Adam of Bank of America joins Stearns Lending as National Head of Retail Lending. Adam will lead continued expansion of Stearns Retail channel nationwide.

Contacts

Stearns Lending, LLC
Semone Aye, 714-437-3236
Vice President, Marketing