Wells Fargo Senior Sales Leaders Join Stearns Lending as Correspondent Division Ramps Up

Jennifer Eggen and Carmen Fenn Drake bring a combined 60 years of correspondent relationship and leadership experience to Stearns

Stearns Lending, Inc. announces Jennifer Eggen and Carmen Fenn Drake as Senior Regional Vice President of Correspondent Lending. Both women bring a combined 60 years of correspondent experience to Stearns. (Photo: Business Wire)

SANTA ANA, Calif.--()--Stearns Lending, Inc., a leading national mortgage lender with Retail, Wholesale and Correspondent business channels, today announced that correspondent sales leaders Jennifer Eggen and Carmen Fenn Drake have joined the Company. Both now hold the position of Senior Regional Vice President of Correspondent Lending, with Eggen leading correspondent growth in the South Central Region and Fenn Drake in the Southeastern Region of the U.S.

“We are extremely pleased to welcome Jennifer and Carmen to the team of exceptionally talented people who play such a large part in the growth of Stearns Lending’s correspondent business channel,” said Brian S. Hale, CEO at Stearns. “Over the last year, Stearns’ Correspondent Lending channel has built a formidable sales leadership and support platform, using a customer-centric approach that places value on the strength of buyer-seller relationships with financial institutions and mortgage banking firms. Jennifer and Carmen bring incredibly valuable experience and expertise to accelerate growth for our valued business partners.”

Jennifer Eggen brings more than 30 years of mortgage banking experience in sales management and production to Stearns. She also brings an exceptional level of expertise and in-depth knowledge of all aspects of correspondent lending. Prior to joining the Company, Jennifer was a leader within Wells Fargo’s correspondent lending business unit where she served as Vice President and Regional Sales Executive.

Carmen Fenn Drake brings more than 30 years of experience in the mortgage banking industry to her position at Stearns. She is known for her leadership skills, and expertise in acquiring, developing, and maintaining business relationships. Prior to joining Stearns, Carmen served as Regional Vice President with Wells Fargo’s correspondent business.

About Stearns Lending, Inc.

Headquartered in Santa Ana, California, Stearns Lending, Inc., and its affiliated entities, are in its 25th year of providing 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 is recognized in Inc. magazine’s 2013 INC 500|5000 list, a ranking of the nation’s fastest-growing private companies. Stearns Lending 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 also 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.

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

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



Stearns Lending, Inc.
Semone Aye, 714-437-3236
VP, Marketing

Release Summary

Stearns Lending, Inc. ramps up Correspondent division with Wells Fargo senior sales leaders, Jennifer Eggen and Carmen Fenn Drake. Both women bring a combined 60 years of Correspondent experience.


Stearns Lending, Inc.
Semone Aye, 714-437-3236
VP, Marketing