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
Fitch To Rate BRAVO 2021-NQM3, Presale Issued

Fitch Ratings assigned its expected ratings to Bravo Residential Funding Trust's 2021-NQM3 supported by 934 loans with a total interest-bearing balance of approximately $346 million as of the cutoff date, according to Fitch.

Non-QM
Oct 28, 2021
Guild Mortgage Announces Medical Professional Mortgage Program

Guild Mortgage introduced a new mortgage product to help medical professionals buy their first home with no down payment.

Industry News
Oct 27, 2021
Mortgage Coach And HomeBinder Partner On New Integration For Homeowners

Mortgage Coach announced a new integration with HomeBinder aimed to help homeowners stay connected with their lenders.

Tech
Oct 27, 2021
Non-QM Lender Angel Oak Appoints David Raju As Group CIO

Firm continues to seek ways to optimize data and improve technology capabilities.

Non-QM
Oct 27, 2021
Evergrande Steadily Repays Debt While Taking On New Risk

Evergrande Chairman Hui Ka Yan has ambitious plans, signaling last Friday that the firm wants to move away from housing and focus on making electric cars. 

Industry News
Oct 26, 2021
Planet Home Lending Reports Q3 Gains In Asset Management, Servicing And Originations

The Planet Home Financial Group, LLC, parent company of Planet Home Lending, LLC and Planet Management Group, LLC reported steady growth across its servicing, correspondent and private-client channels.

Industry News
Oct 26, 2021