Is Stearns Lending a lender or a broker?
Stearns Lending is primarily licensed as a Direct Lender. For most loans Stearns Branches operate as a lender to submit their loans. For those loans that can not be supported by the in-house products, the branches can submit to the Stearns approved lenders on a broker basis. All licensing is subject to state and federal guidelines. Do I have to relinquish management control of my office? No. One of the benefits of being a Stearns Branch is that managers maintain control of the branch operations. You run your own office and make your own management decisions. We simply provide the operational infra-structure and support to help you achieve your goals and make sure you do so in a compliant manner. Can I originate loans in other states? Yes, providing the retail and sponsoring wholesale branches are both properly licensed to support the business in the state and proper individual loan officer licensing and/or registration is completed to originate. Our licensing department will guide you
Stearns Lending is primarily licensed as a Direct Lender. For most loans Stearns Branches operate as a lender to submit their loans. For those loans that can not be supported by the in-house products, the branches can submit to the Stearns approved lenders on a broker basis. All licensing is subject to state and federal guidelines. Do I have to relinquish management control of my office? No. One of the benefits of being a Stearns Branch is that managers maintain control of the branch operations. You run your own office and make your own management decisions. We simply provide the operational infra-structure and support to help you achieve your goals and make sure you do so in a compliant manner. Can I originate loans in other states? Yes, providing the originator, retail and sponsoring wholesale branches are all properly licensed to support the business in the state and proper individual loan officer licensing and NMLS registration is completed to originate. Our licensing department wi
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