Cornerstone Will Begin Using Guild Mortgage Name on Feb. 15; Guild Acquired Assets of Fast-Growing Regional Firm Last Year
Guild Mortgage, one of the largest independent mortgage lenders in the U.S., purchased certain assets of Cornerstone Mortgage, Inc., a growing, independent mortgage lender based in St. Louis, Mo., in early 2018. The addition of Cornerstone’s 17 offices in Missouri, Illinois and Kansas was a key to Guild expanding its presence in the Midwest.
The Cornerstone Mortgage branches had a total loan volume of $825 million in 2018 and Cornerstone Mortgage, Inc., from which the branches were purchased, had been ranked No. 2 on the St. Louis Business Journal’s annual listing of the region’s largest mortgage lenders each of the last four years. The company has also been recognized as a Top Workplace by the St. Louis Post-Dispatch seven years running.
“Since we joined forces with Guild, we have been able to offer a better lending experience through enhanced technology and a comprehensive list of loan products that can serve every type of homebuyer,” said Angi Stevenson, who cofounded Cornerstone in 1996 and is now Midwest regional vice president with Guild Mortgage.
“Our cultures have been a perfect match, with shared values and a commitment to constantly improving the customer experience,” Stevenson added. “We look forward to further building on Guild’s strengths and growing to become the leading independent lender in the Midwest under the Guild name.”
Headquartered in San Diego, Guild Mortgage has nearly 4,000 employees with 205 retail branches in 33 states.
A top-10 national lender by purchase loan volume, Guild specializes in developing unique pilot programs and niche products to help deliver the promise of home in every neighborhood and community it serves. Its loan professionals can serve the needs of any homebuyer, from helping first-time buyers achieve homeownership, often through government loan programs, to homebuyers looking to upgrade with a jumbo loan. Guild also specializes in helping active duty and retired military personnel to secure VA loans, with 100 percent financing and flexible qualifying standards. The company is consistently recognized for its impact in the communities it serves, commitment to customer service, strength in regulatory compliance and workplace culture.
About Guild Mortgage
Founded in 1960 when the modern U.S. mortgage industry was just forming, Guild Mortgage Company is a nationally recognized independent mortgage lender offering a wide range of residential mortgage products and local in-house processing, underwriting and funding. Its collegial and entrepreneurial culture enables it to deliver unsurpassed levels of customer service. Having been through every economic cycle, the company has grown 15-fold since 2007, and now has close to 4,000 employees and 205 retail branches in 33 states. Guild’s highly trained loan professionals are experienced in government-sponsored programs such as FHA, VA, USDA, low down payment assistance programs and other specialized loan programs. The company generated $16.52 billion in loan volume in 2018, as compared to $1.23 billion in 2007. In addition, Guild services more than 220,000 loans, which totaled $46.52 billion as of December 31, 2018. It has correspondent banking relationships with credit unions and community banks in 47 states. (Equal Housing Lender- Company NMLS #3274. All loans are subject to underwriter approval. Terms and conditions apply, subject to change without notice).