Stearns taps Wells Fargo alums for correspondent channel

by MPA07 May 2014
Stearns Lending has tapped two Wells Fargo alums to serve as senior regional vice presidents of correspondent lending.

Jennifer Eggen and Carmen Fenn Drake, both sales leaders at Wells Fargo, have joined Stearns. Eggen will lead correspondent growth in the South Central Region of the U.S., while Fenn Drake will head up the Southeastern Region.

“We are extremely pleased to welcome Jennifer and Carmen to the team of exceptionally talented people who play such a large part in the growth of Stearns Lending’s correspondent business channel,” said Stearns CEO Brian S. Hale. “Over the last year, Stearns’ correspondent lending channel has built a formidable sales leadership and support platform, using a customer-centric approach that places value on the strength of buyer-seller relationships with financial institutions and mortgage banking firms. Jennifer and Carmen bring incredibly valuable experience and expertise to accelerate growth for our valued business partners.”

Both Eggen and Fenn Drake bring more than 30 years of experience to Stearns. Eggen previously served as vice president and regional sales executive at Wells Fargo’s correspondent lending business. Fenn Drake served as a regional vice president in the Wells correspondent business.


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