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FOR IMMEDIATE RELEASE:

Swansea, IL (March 4, 2014) – Cornerstone Mortgage, Inc., a privately-held St. Louis based mortgage-banking firm, is pleased to announce they have opened the new Metro East office, located in Swansea, Illinois. It is located 4969 Benchmark Centre, Suite 300 in Swansea, Illinois.

The new office will be led by branch manager, John Meile. This is the 13th location for Cornerstone as they continue to grow rapidly each year. The new branch will allow Cornerstone to satisfy their clients’ needs by providing superior service and exceptional value to the Metro East area and the entire state of Illinois.

Branch Manager, John Meile has been active in the mortgage industry for over 30 years. He has received Leader’s Club status every year since 1993. Prior to working at Cornerstone Mortgage, Inc., John worked at First Integrity Mortgage Services. Cornerstone Mortgage, Inc. has also added Mike Vogt to facilitate their growth in the Illinois market. Mike Vogt is a Senior Loan Officer with over 15 years of experience in the mortgage industry.

Paul Turin, Cornerstone’s Creve Coeur Branch Manager, will be overseeing the growth of the Metro East office throughout its transition. When asked about the new office, Paul Turin stated, “We have experienced tremendous growth and success in the St. Louis area. Cornerstone is a leader in the Missouri market. Our goal is to have the same presence in the Illinois marketplace and better serve our customers in the Metro East area. We will continue to focus on providing our clients with excellent customer service at a low cost. We expect the new location to produce $40 million or more annually.”

About Cornerstone Mortgage, Inc.:
Cornerstone Mortgage, Inc. has been in operation since 1995 and was founded by Jim Dean (President/CEO) and Angi Stevenson (Senior Vice President/COO). Cornerstone Mortgage, Inc. is currently licensed in six (6) states and has over 165 employees, with 14 locations and is rapidly growing. Jim Dean (President/CEO) was named one of the 100 Most Influential Mortgage Executives in America by Mortgage Executive Magazine in 2013 and 2014. Cornerstone Mortgage, Inc. is an A+ accredited lender with the Better Business Bureau and continues to have an outstanding reputation. In 2013, Cornerstone Mortgage, Inc. became the #1 largest lender in Missouri to have approvals from all three agencies: Freddie Mac, Ginnie Mae, and Fannie Mae. Cornerstone Mortgage, Inc. was named a Top 100 Mortgage Company in America by Mortgage Executive Magazine. The company was listed as one of the top-producing mortgage lenders in the country by Scotsman Guide. Angi Stevenson (Senior Vice President/COO) and Cornerstone were featured in Forbes Magazine in 2013. Revenues at Cornerstone have grown to exceed $26 million dollars annually, with closed loan production surpassing $900 million annually. Cornerstone is a ProLoan approved lender. Cornerstone has been featured on the fastest growing privately-held companies in America list by INC. 500/5000 for four (4) years in a row. Regionally, the company has been the #1 fastest growing mortgage banker in Missouri for the last five (5) years and is currently the 17th fastest growing privately-held company in the St. Louis region. The company is currently the 2nd largest privately-held mortgage banker in Missouri. Cornerstone is also a Top 2 USDA lender in Missouri. Processing, underwriting, and closing are completed locally by Cornerstone.

For More Information, Contact:
Jim Dean, President
Cornerstone Mortgage, Inc.
17280 N Outer 40 Rd., Suite 100
Chesterfield, MO 63005
(314) 995-9919
NMLS 223109

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