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Cornerstone Home Lending

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Company Research Report: Cornerstone Home Lending



Company Overview



Name


Cornerstone Home Lending

Mission of the Company


Cornerstone Home Lending’s mission is "to honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us."

Founding Details


Founded: 1988
Founders: No information available

Key People


  • Marc Laird, CEO

  • Sarah (position not clear from the data provided)

  • Richard (position not clear from the data provided)

  • Nick Gilbert (position not clear from the data provided)

  • Judy (position not clear from the data provided)

  • Amy (position not clear from the data provided)


Headquarters


Location: Houston, Texas, USA

Number of Employees


Employees: Nearly 2,000 Team Members

Revenue


No information available

Company Recognition and Awards


  • 2022: Great Place to Work® Best Workplaces in Texas, #30 in Best Workplaces for Women™ 2022, #25 in Best Workplaces in Financial Services & Insurance™ 2022, #66 in Best Workplaces for Millennials™ 2022, Glassdoor Top 10 Workplaces for Work-Life Balance

  • 2021: Great Place to Work® in Financial Services & Insurance, Great Place to Work® for Millennials™ 2021, Great Place to Work® for Women, Great Place to Work® in Texas, Houston Chronicle Top Workplace for the 12th consecutive year

  • 2020: Great Place to Work® in Financial Services & Insurance, Great Place to Work® for Women, Dallas Morning News Top Workplace, San Antonio Express Top Workplace, The Oklahoman Top Workplace, The Denver Post Top Workplace

  • 2019: Added 200th Team Member to Wall of Honor for 10+ years of service, Best Workplaces for Diversity, various other Great Place to Work® recognitions

  • 2018: Great Place to Work® 100 Best Workplaces for Women, Texas Mortgage Bankers Association Pinnacle Award for 10 years

  • 2017: Best Workplaces for Diversity, multiple other recognitions


Products



Product Offerings


Home Loans:
  • Description: Cornerstone Home Lending offers a range of mortgage services enabling clients to finance the purchase of homes. These services cater to first-time homebuyers, refinancing clients, and those seeking various mortgage solutions.

  • Key Features:

  • 100% On-Time Closing Commitment: A promise to close loans on time, no matter what.

  • In-House Operations: All processing, underwriting, and servicing are handled internally for better client experience.

  • LoanFly® Technology: Proprietary technology that streamlines mortgage transactions for faster closings.

  • First-Time Homebuyers Support: Specific guidance and support for first-time homebuyers.


High-Level Overview


The products provided by Cornerstone Home Lending focus heavily on excellent customer service and efficient, streamlined processing to ensure an easy home-buying experience.

Recent Developments



New Products Launched


No specific new product launches mentioned.

New Features Added to Existing Products


No specific details provided.

Recent Partnerships and Acquisitions


  • January 2023: Completion of a strategic initiative allowing sales teams to serve families across the country.

  • October 2022: Acquisition of The Roscoe Bank, allowing the company to expand its product and service offerings.

  • August 2022: Received regulatory approvals for The Roscoe Bank acquisition.

  • April 2022: Launched in-house mortgage loan servicing operations.

  • June 2021: Announced the acquisition of The Roscoe Bank.


Key Personnel Appointments


  • April 2024: Michael A. Iorio appointed as Senior Vice President of Strategic Partnerships.

  • November 2023: Neil Merritt appointed as Senior Vice President of Product Strategy & Development.

  • January 2023: Kelly Zitlow rejoined as a top producer in the company.


Mission-Driven Focus


Cornerstone’s business approach is rooted in strong ethical foundations, focusing on creating a happy, supportive workplace. The company is built on principles of honesty, integrity, respect, care for people, and wise stewardship.

Testimonials


The company has numerous positive testimonials from both clients and team members reflecting its strong culture, supportive work environment, and exceptional client service.




© 2024 Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. Member FDIC. NMLS ID# 2258