FOR IMMEDIATE RELEASE:
St. Louis, Missouri (February 26, 2013) – Cornerstone Mortgage, Inc. proudly announces ProLoan approval status.
Cornerstone Mortgage, Inc. has been approved to offer the exclusive ProLoan mortgage. Cornerstone Mortgage, Inc. is one of only five mortgage firms to offer the product in the St. Louis metropolitan area. The ProLoan offers home-buyers rate protection and peace of mind for the purchase of a newly constructed home. Buyers of quality built homes utilizing skilled union craftsmen are able to eliminate the worry of rising interest rates during construction. This extended rate protection is provided at no additional cost to the home-buyer.
While many home loan lenders offer rate locks between 45 – 90 days in length, the borrower typically pays a premium for such protection. A new home-buyer working with Cornerstone Mortgage, Inc. and an approved home builder will receive 90 days of rate protection at no additional charge plus the opportunity to float down if rates improve prior to closing.
Cornerstone Mortgage, Inc. was approved for the program based on its proven track record and commitment to outstanding customer service. In addition to consistently maintaining an A+ accredited rating with the Better Business Bureau, Cornerstone Mortgage, Inc. was recently named a Silver Award Winner for loan production in 2012 by the Missouri Development Housing Commission.
Regarding the importance of the ProLoan approval, Jim Dean, company President/CEO commented, “With interest rates at such record lows, home-buyers run the risk of rates rising during construction. We can now protect our customers from that risk and provide valuable peace of mind. We anticipate 2013 to be a very good year for the purchase of newly constructed homes and we expect to lead the way in home loan production in the St. Louis market place!”
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 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