First Team Real Estate and Stearns Lending Join Forces to Enhance Housing Opportunities Across Southern California

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IRVINE, Calif., Dec. 21, 2017 — The First Team Real Estate family of companies and Stearns Lending—two of Southern California's most prominent financial powerhouses—have joined forces to announce the creation of a new mortgage company, branded Bankers Lending Center. Its purpose: To deliver truly comprehensive real estate finance service to the area's clientele.

As of November 1, 2017, the collaboration is officially underway, with the new company's official launch slated for the spring of 2018. “Our partnership with First Team is a very exciting opportunity for us. The leadership at First Team has done an impressive job growing their organization to become the #1 independent real estate company in Southern California. Their passion for innovation and creative thinking that propelled their growth is shared by Stearns,” said David Schneider, Chief Executive Officer at Stearns Lending. “Our leadership teams are like-minded in our commitment for excellence, and belief that people and relationships are powerful tools in achieving success. We're thrilled that the transition is underway and look forward to the formal launch in the spring.”

According to Michael Mahon, President of First Team Real Estate, Bankers Lending Center is the answer to the evolving needs of today's consumer. “During the last year, it's become more and more apparent that our markets are in the midst of a consumer-centric shift,” Mahon explained. “With this shift, the demand for a greater diversity of mortgage solutions, as well as a simpler transaction process, continues to grow. By partnering with Stearns Lending—one of the largest privately held lenders in the United States, with a sterling reputation for quick to close processing, large diversity of products, localized underwriting, and closing loans with high customer satisfaction—First Team is proactively satisfying the changing needs of a wide variety of consumers. We're thrilled to announce this collaboration, and confident that Stearns will prove the best possible partner for the endeavor, ensuring clients an unmatched caliber of service, opportunity and quality as they pursue their most important life objectives.”

By leveraging the strengths of both organizations, as well as by incorporating products from other lenders, Bankers Lending is poised to emerge as a new industry standard, empowering First Team's sales associates with an unprecedented set of resources to service consumers' financing needs.

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Michael Mahon, President, First Team
[email protected]

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SOURCE First Team Real Estate

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Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
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