FOR IMMEDIATE RELEASE:
St. Louis, Missouri (March 15, 2013) – Cornerstone Mortgage, Inc., a privately-held St. Louis based mortgage banking firm, is excited to announce it has received Freddie Mac seller/servicer approval. This completes Cornerstone’s approval to sell and service loans for all three of the agencies, Freddie Mac, FNMA, and Ginnie Mae.
Acquiring Freddie Mac approval has made it possible for Cornerstone to have a full offering of mortgage products. Cornerstone has set itself apart from the competition by becoming a Freddie Mac seller/servicer, in addition to their Fannie Mae and Ginnie Mae service approvals. This fantastic news makes Cornerstone one of the few companies in the region to obtain Freddie Mac, Fannie Mae and Ginnie Mae approval. Freddie Mac approval furthers Cornerstone’s goal to create long term business with clients and develop long lasting relationships to keep with its history of customer service based relationships. Freddie Mac is just one of the home loan options offered to Cornerstone’s customers. They also offer FHA loans, VA loans, Conventional HARP loans, FNMA purchase and refinancing loans, Jumbo mortgages along with servicing many of these mortgages locally. Cornerstone currently has a loan servicing portfolio in excess of $400 million dollars.
“Since we have acquired Freddie Mac, Fannie Mae and Ginnie Mae approvals, we now have the ability to offer our customers a wider range of options. It strengthens our abilities and reputation as an independent mortgage banker. Customers can rely on us personally without having to deal with outside companies. This makes us unique when comparing the competition and we are ready to utilize this amazing opportunity,” said Jim Dean, company President/CEO of Cornerstone Mortgage, Inc., when asked about the exciting news.
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.
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The above information is for educational purposes only. All information, loan programs and interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
Jim Dean, President
Cornerstone Mortgage, Inc.
17280 N Outer 40 Rd., Suite 100
Chesterfield, MO 63005