Secondary Marketing Mortgage
Stearns Lending Continues Growth, Reporting Another Record ...
SANTA ANA, Calif., July 31 /PRNewswire/ -- Stearns Lending, Inc., ("Stearns") a privately owned mortgage company today announced that is has exceeded its all-time revenue record for the first six months of 2006. Stearns Lending revenue increased 17% in 2006 over the corresponding first six months for 2005 and 39% over the same period in 2004. The company reported a record-breaking first quarter in 2006.
During this time of unprecedented growth, Stearns has invested in the development of talent, customer programs, and technologies in their four key business channels: wholesale lending, retail lending, consumer direct, and credit unions. Stearns architected two new websites to meet the evolving needs of homeowners and brokers including www.stearns.com and www.stearnslending.com. In addition, Stearns expanded their wholesale division to better serve mortgage brokers across the country.
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LoanPerformance Unveils TrueStandings(TM) Servicing
LoanPerformance, a subsidiary of First American Real Estate Solutions (RES(R)) and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the availability of TrueStandings Servicing, the next generation of LoanPerformance's servicing database that replaces its LPS Prime and Subprime data products. TrueStandings Servicing will give clients easier access to the information they need to make more accurate underwriting, loss mitigation, marketing and purchase decisions.
Following a successful beta launch last fall, the new TrueStandings Servicing provides instant access to the largest repository of mortgage performance data, consisting of more than 40 million active mortgage loans, with additional access to a historical database of more than 100 million loans.