Market Overview

Stearns Lending, LLC Leverages ClosingCorp® SmartFees® to Support Wholesale & Retail Channels

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ClosingCorp,
a leading provider of residential real estate closing cost data and
technology for the mortgage and real estate services industries,
announced today that Stearns Lending, LLC, one of the nation's top 10
mortgage lenders, has selected ClosingCorp's SmartFees as its rate and
fee data solution.

SmartFees provides more than 4,000 Stearns brokers with vendor-verified
rate and fee data from thousands of service providers located throughout
the nation.

ClosingCorp SmartFees integrates loan file information, transfer tax and
recording data, service provider fees from more than 70,000 rate cards,
and lender business rules and requirements into a single, seamless
process and platform—allowing clients to originate mortgages confidently
and compliantly.

"The ClosingCorp service allows our brokers to generate actual rate and
fee data from the providers we currently do business with," said Uday
Devalla, chief information officer of Stearns Lending. "We expect our
cycle time to be faster and interactions with our service providers to
be much more efficient, which will ultimately enhance the overall
borrower experience."

"Stearns Lending's choice of our solution is further evidence of our
unique capabilities to assist mortgage lenders in adapting their
business to meet new and emerging consumer demands, as well as their
need to lend more efficiently and compliantly," said Bob Jennings, chief
executive officer of ClosingCorp. "Borrowers expect a transparent,
real-time process that's highly accurate and is consistent from the
quote to what's required at the closing table."

About Stearns Lending, LLC

Stearns Lending, LLC is a leading provider of mortgage lending services
in Wholesale, Retail, Correspondent and Strategic Alliances sectors
throughout the United States. Currently ranked as #3 Wholesale Lender
nationwide, Stearns Lending continues to expand as a company overall,
making the Inc. 5000 list of Fastest Growing Private Companies in
America in 2013, 2014 and 2015, based on revenue growth of 250% over a
three-year period.

Stearns Lending is an equal housing lender and is licensed to conduct
business in 49 states and the District of Columbia. Additionally,
Stearns Lending is an approved HUD (United States Department of Housing
and Urban Development) lender; a Single Family Issuer for Ginnie Mae
(Government National Mortgage Association); an approved Seller/Servicer
for Fannie Mae (Federal National Mortgage Association); and an approved
Seller/Servicer for Freddie Mac (Federal Home Loan Mortgage
Corporation). Stearns Lending is also approved as a VA (United States
Department of Veterans Affairs) lender, a USDA (United States Department
of Agriculture) lender, and is an approved lending institution with FHA
(Federal Housing Administration). Stearns Lending, LLC is located at 4
Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707. Company NMLS# 1854.

For more information, visit www.stearns.com.

About ClosingCorp

Headquartered in San Diego, Calif., ClosingCorp owns and operates the
premier source of intelligence for closing costs and service providers
in the U.S. residential real estate industry. Through innovative
solutions, progressive technologies and strong alliances, the company
delivers timely, accurate and transparent results that help optimize
closing processes and services for mortgage lenders, title and
settlement companies and real estate professionals. Clients rely on
ClosingCorp to help improve efficiencies and mitigate risk. For more
information, please visit www.closing.com.

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