FOR IMMEDIATE RELEASE:
St. Louis, MO (November 19, 2013) – Cornerstone Mortgage, Inc., a privately-held, St. Louis based mortgage banking firm, is proud to be named one of the largest mortgage lenders in the St. Louis region by the St. Louis Business Journal. Cornerstone has advanced from the 6th largest lender in St. Louis, to the 4th largest lender in 2012. Cornerstone has been featured on the Largest Lenders list for 5 consecutive years.
The largest mortgage lenders are ranked by their volume of local home purchase loans and home refinances originated in 2012. The information was provided by the Federal Financial Institutions Examinations Council.
Cornerstone continues to increase its market share by being dedicated to an honest and professional, low cost approach to business. From 2011 to 2012, Cornerstone’s closed loan production grew by more than 57 percent. The company’s revenues exceeded $24.6 million in 2012.
When asked about Cornerstone’s tremendous success, Jim Dean, President/CEO, stated, “In this fast-paced industry, it’s important to keep moving forward. We will continue to focus on providing exceptional service and great products to our clients, at a fair price.”
Cornerstone is rapidly growing each year and has been featured on many top mortgage banking lists. In addition to being a Ginnie Mae Issuer/Servicer and FNMA Direct Seller/Servicer, the company became a Freddie Mac Seller/Servicer in 2013. Cornerstone also opened two new locations in Imperial, MO and Lee’s Summit, MO this year.
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