Extended lending areas allow the company to offer products and services in 37 states
Cornerstone Home Lending (CHL) has announced expanding its lending areas to enable its loan officers to originate mortgages in multiple states without individual state licenses.
As part of its strategic initiative, CHL has extended its in-house mortgage loan servicing operations and new banking products and services in 37 states and the District of Columbia. The company said this gives a “unique advantage” to its loan officers and positions CHL as “a continued innovator and leader in the mortgage industry.”
“We constantly focus on investing in new, innovative ways to support the growth of our loan officers and the success of our business partners,” said Adam Laird, CEO of Cornerstone Home Lending. “With an industry-leading culture as our foundation and our mission, vision, and convictions as our guide, we’re excited about the future as we leverage the combination of three business pillars – residential mortgage lending, new in-house mortgage loan servicing, and new commercial banking products and services – to create even more advantages and opportunities for our sales teams to serve our clients.”
The move comes on the heels of CHL’s acquisition of The Roscoe State Bank in October 2022. CHL formed Cornerstone Capital Bank once the merger was complete.
“After [the acquisition], our skilled teams swiftly enhanced internal technology to promote production growth across the country for our loan officers through expanded lending areas, specialty portfolio loan products, training, and other services,” Laird said.
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