Skip to main content

Kind Lending Funds $1B In First Six Months Of Production

Navi Persaud
Feb 05, 2021
Kind Lending Logo

Nationwide mortgage lender, Kind Lending has officially funded $1 billion in wholesale loan volume in just six months, a feat that previously took founder and CEO Glenn Stearns 15 years to accomplish in the past. The company was established in 2020, opening in the midst of the global pandemic. According to a press release, the company had been testing a wholesale LOS system with a small number of "pioneer" brokers.

"Yes, what took us 15 years last time to achieve monthly volumes this high, we have accomplished in six short months," said Stearns, according to a press release. "Why? Because we have assembled the best in the industry and they have provided the rocket fuel to succeed. And the best part? We have more amazing members lined up to become Kind Ambassadors. The lessons learned from 30 years of attracting excellence has led us to a company with the best culture and the happiest teammates. This is why KindLending has a 95% retention rate while the industry average today is 46%. Longevity, technology, appreciation, and joy are the keys to our success."

Stearns added that this is just the beginning for the company. The company is continuing to push an employee-centric model in which it builds its success through a collaborative environment. 

Published
Feb 05, 2021
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Sep 11, 2023
If You Build It, They Will Come

Ratings will go a long way toward growing the market for home equity-backed securities

Sep 07, 2023
Investors May Be Losing Interest In The Single-Family Rental Market

Rise in interest rates, drop in values have them pulling back in certain regions

Sep 07, 2023