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Cornerstone Home Lending is accredited with the Better Business Bureau. As of July 2022, it has an A+ rating for closing 52 complaints in the last three years and a 3.18 star out of 5 customer rating from 28 reviews. Cornerstone offers loans through its parent company, Xenith Bank, with special requirements that allow the lender to consider borrowers on a case-by-case basis.
If and when getting a quote from Cornerstone Home Lending, be sure to compare it to other lenders to see how competitive they are. They say you can get pre-qualified for a mortgage in as little as 15 minutes during normal business hours. Cornerstone opened in 1988 and now has over 200 branches in 22 states. The company is licensed to work in 40 states and Washington DC and is headquartered in Houston, TX.
Finally a company committed to a Mission with convictions
For Cornerstone, the application process starts with a prequalification. Streamline your mortgage from quote to final payment — all from your computer or phone.
A self-proclaimed word nerd, her writing has been featured on MSN, Credit.com and MediaFeed.org, among others. Heather previously worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. She holds a bachelor’s degree in English with a minor in journalism from the University of Nevada, Reno. This lender offers standard and portfolio home loans, but you’ll need to contact a loan officer to learn the details. Cornerstone truly implements its vision, mission, and convictions making a difference in the lives of all team members and those we serve.
Cornerstone Home Lending is not currently available on Finder
Their customer reviews on the BBB aren’t great, which is the norm for BBB customer reviews. Cornerstone doesn’t advertise its mortgage rates online so we don’t know where they stand pricing-wise. From the LoanFly app, you can also request a mortgage rate or a callback from a loan officer. Compare top brands by home loan type, state availability and credit score. No, but going through the prequalification process is the only way to start your application online or on the mobile app. If you want to skip prequalification, you need to call a loan officer to apply directly.
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Cornerstone Home Lending, Inc. Offers
In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered. Glassdoor has 458 Cornerstone Home Lending reviews submitted anonymously by Cornerstone Home Lending employees. Read employee reviews and ratings on Glassdoor to decide if Cornerstone Home Lending is right for you. Additionally, there’s no information regarding lender fees, so we don’t know if they charge a loan origination fee, underwriting fee, and so on.
Find out more about salaries and benefits at Cornerstone Home Lending. This rating has decreased by -3% over the last 12 months. Cornerstone Home Lending has an overall rating of 4.4 out of 5, based on over 458 reviews left anonymously by employees. 87% of employees would recommend working at Cornerstone Home Lending to a friend and 80% have a positive outlook for the business. This rating has decreased by -4% over the last 12 months. Cornerstone Home Lending is BBB accredited since 1997 and currently has an A+ BBB rating.
Cornerstone Home Lending
And if face-to-face service is important to you, Cornerstone offices are only available in 22 states. Select the personal declarations that apply to you and submit your application. As a matter of policy, BBB does not endorse any product, service or business.
A good chunk of their total production consisted of conventional home loans (60%), with another 15% FHA loans, 13% jumbo loans, and 11% VA. While there are a lot of new faces and startups in the mortgage industry, few companies have stood the test of time, especially with the Great Recession rearing its ugly head in the early 2000s. Use the LoanFly mobile app to prequalify and access loan updates during the process. They help us in every step and doubt that we had in the process.
Cornerstone cares for its team members' lives, providing for a work-life balance and professional growth. Cornerstone hires "the best of the best" and has the technology to support remote team members. They also list a bunch of customer reviews right on their website, which seem to the most recent ones available.
Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Cornerstone Home Lending originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.
If you want to save big on lender fees, consider a 100% digital company like Beeline or Better. Neither charge lender origination fees on their loans and their 24/7 online application process allows for a quicker preapproval decision — to get you house-hunting right away. Cornerstone Home Lending is a regional mortgage lender offering standard and portfolio mortgage options. But you’ll need to contact a loan officer to research the loans available to you since the information on the website is limited. They have a few people there who should not work in any customer service role.
So all the usual stuff but nothing too fancy by the looks of it. They say their loan officers have access to hundreds of loan products, which means there’s probably more than what’s listed on their website. The details on their website are a bit scant when it comes to loan options, though they do mention the loan types above, along with jumbo loans. The rest were home refinance loans, with about 10% of that share containing cash out to the borrower. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services.
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