Stearns Lending Inc. has announced 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.