FOR IMMEDIATE RELEASE:
St. Louis, Missouri (December 31, 2012) – Cornerstone Mortgage, Inc. announces new lending production record.
Cornerstone Mortgage, Inc. has closed a record 4000 residential mortgage loans during the 2012 calendar year. This represents the highest level of lending activity achieved since the firm was founded in 1995. Annual loan production rose by 43% in terms of units as well as volume as compared to the level of mortgage lending activity achieved during the 2011 calendar year.
This record setting accomplishment caps off a year in which Cornerstone Mortgage, Inc. has received Ginnie Mae Issuer/Servicer approval in addition to being named the 2nd largest, privately held mortgage banking operation in the St. Louis region.
In many cases such rapid growth can come at the expense of customer service or employee satisfaction. Cornerstone Mortgage, Inc., however, has continued to maintain an A+ accredited rating with the Better Business Bureau while at the same time having recently been named 5th among the Top Places to Work in St. Louis by Workplace Dynamics along with the St. Louis Post-Dispatch.
When asked about the secret to such explosive growth while maintaining consistently superior levels of customer satisfaction it had previously been stated by Jim Dean, “the high levels of integrity and professionalism from the staff and Loan Officers continues to play a major role in the substantial achievements of our company.” Angi Stevenson went on to recognize the hard work and dedication of the entire staff, especially during periods of record loan production.
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