FOR IMMEDIATE RELEASE:
St. Louis, MO (February 3, 2014) – Cornerstone Mortgage, Inc., a privately-held St. Louis based mortgage-banking firm, is proud to be recognized as one of the Top 3 USDA Lenders in Missouri. Cornerstone Mortgage, Inc. closed 241 USDA loans with total loan amounts exceeding $29 million.
The Top 3 Guaranteed Rural Housing Program Lenders were announced by Missouri Rural Development State Director, Janie Dunning. Janie Dunning stated, “Rural community and economic development depends upon access to adequate housing. This access is as crucial as access to adequate utilities. Lack of quality housing stock results in the inability of rural communities to sustain themselves. These lenders have made a commitment to the development of rural areas. Through their efforts, the lenders have enabled families and individuals to become homeowners in rural communities. Without their willingness to participate in the GRH Program and be a partner with Rural Development, many folks may not have been able to purchase a home, thereby strengthening rural communities.”
According to the USDA, nearly 6,000 Missouri families purchased homes through the Single Family Housing Guaranteed Loan Program in the 2013 fiscal year. This resulted in an investment of $650,687,121 in rural communities throughout Missouri.
When asked about this recognition, Jim Dean, President/CEO, stated, “We are honored to be named one of the Top 3 USDA Lenders in Missouri. We understand how important USDA home loans are to the development of rural communities. We are committed to originating even more of these loans in the future.”
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