03/15/2013
FOR IMMEDIATE RELEASE:
Cornerstone Mortgage, Inc. Completes 3rd Agency Approval with Freddie Mac
St. Louis, Missouri (March 15, 2013) Cornerstone Mortgage, Inc. a privately held St. Louis based mortgage banking firm is excited to announce it has received Freddie Mac seller/servicer approval. This completes Cornerstone’s approval to sell and service loan for all three of the agencies, Freddie Mac, FNMA, and Ginnie Mae.
Acquiring Freddie Mac approval has made it possible for Cornerstone to have a full offering of mortgage products. Cornerstone has set itself apart from the competition by becoming a Freddie Mac seller/servicer, in addition to their Fannie Mae and Ginnie Mae service approvals. This fantastic news makes Cornerstone the only privately-held company in the region to obtain Freddie Mac, Fannie Mae and Ginnie Mae approval, creating a powerful trinity of lending services. Keeping this line of business in house allows Cornerstone to continue to be more independent in every aspect of its business. This furthers the goal to create long term business with clients and develop long lasting relationships to keep with its history of customer service based relationships. Freddie Mac is just one of the services Cornerstone offers to its customers. They also offer FHA loans, HARP loans, VA loans, Conventional FNMA refinancing along with servicing these mortgages by a local company. Cornerstone currently services over $400 million dollars in home loans in the St. Louis and surrounding areas.
“Since we have acquired Freddie Mac, Fannie Mae and Ginnie Mae approvals, we now have the ability to offer our customers a wider range of diverse options. It strengthens our reputation as an independent mortgage company. Customers can rely on us personally without having to deal with outside companies. We believe this makes us unique when comparing the competition and we are ready to utilize this amazing opportunity,” said Jim Dean, company President/CEO of Cornerstone Mortgage, Inc. said when asked about the exciting news.
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. has 144 employees, 9 locations and is rapidly growing. Cornerstone has been ranked as a Top 5 Lender in Missouri for the last 3 years and Top 10 Lender for the last 8 years. 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 all three agency approvals: Freddie Mac, Ginnie Mae, and Fannie Mae. The company is the 2nd largest privately-held mortgage banker in Missouri and was rated the 5th best place to work in St. Louis by the St. Louis Post-Dispatch in 2012. Cornerstone was ranked the 64th Fastest Growing Mortgage Banker in America by INC. 500/5000. Regionally, the company has been the #1 fastest growing mortgage banker in Missouri for the last 4 years and is the 3rd fastest growing privately-held company in St. Louis. Cornerstone Mortgage, Inc. is rated as one of the Top 5 first time home buyer lenders in Missouri and has been continually ranked in the Top 10 first time home buyer lenders over the past 7 years. Cornerstone is a ProLoan approved lender. Processing, underwriting, closing and servicing payments are completed locally by Cornerstone. Cornerstone Mortgage, Inc. is an equal housing lender.
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