FOR IMMEDIATE RELEASE:
St. Louis, Missouri (November 15, 2012) – Cornerstone Mortgage, Inc., a privately-held St. Louis mortgage-banking firm, is proud to announce that it has been ranked the 2nd largest privately-held mortgage banker in the St. Louis region. Cornerstone Mortgage, Inc. is also ranked the 6th largest lender among all mortgage banking firms in the St. Louis area by the 2011 Largest Mortgage Lender List (St. Louis Business Journal). Cornerstone Mortgage, Inc. closed 2, 274 home loans, with a closed loan amount in excess of $418 million in 2011. Production for 2012 will substantially exceed that amount. In the last 12 months Cornerstone has hired a high profile group of strong managers and experienced Loan Officers and continues to increase its market share. All of this has been done while maintaining extraordinary customer service at a low price point with an A+ accredited Better Business Bureau rating.
Cornerstone Mortgage, Inc. has continued to grow rapidly each year, landing on many of the top financial lists. In 2011, there were a wide range of achievements that led the company to stand apart from the other mortgage bankers in the market. One recent accomplishment was receiving approval as a direct Ginnie Mae Issuer/Servicer. Cornerstone Mortgage, Inc. is one of only 48 lenders nationwide to be approved by Ginnie Mae as an issuer/servicer in the past year. With this approval, Cornerstone becomes one of the less than 12 approved issuers in the state of Missouri. As one of the top mortgage bankers, it has been recognized as one of the fastest growing companies over the last several years.
In response to this phenomenal growth, Jim Dean, President of Cornerstone Mortgage, Inc. stated, “I believe the success comes from aggressively seeking extraordinary customer service at a substantially low cost for the consumer.” Mr. Dean went on to say, “The high levels of integrity and professionalism from the staff and Loan Officers at Cornerstone continue to play a major role in the substantial achievements of the company. I have many exciting plans in store for the future. As mortgage banking is a fast paced industry it is crucial for a company to be quick on their feet and to stay humble. We are constantly expanding our knowledge base, improving our skills and keeping up with the latest trends in a technology-driven environment. I strongly believe we have come a long way and the best is yet to come in the years ahead.”
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