8/14/2023 0 Comments Cornerstone lending![]() ![]() Laird touted LOs no longer needing to be licensed and in-house servicing, as well as the commercial banking products and services it could now offer "to create even more advantages and opportunities for our sales teams to serve our clients. Last April, after it entered into the agreement to acquire Roscoe State Bank but was still waiting regulatory approval for the transaction, Cornerstone announced plans to move its servicing function in-house. The programme consists mainly of renewal and extension of water treatment plants, reservoirs, pumping stations and distribution networks. "We constantly focus on investing in new, innovative ways to support the growth of our loan officers and the success of our business partners." Description Objectives The project concerns the 2022-2026 investment programme in the production and distribution facilities of OASEN, one of the Netherlands smaller water supply companies. "After we acquired the Roscoe State Bank and formed Cornerstone Capital Bank SSB in October 2022, 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," said Adam Laird, CHL's chief executive officer, in a press release. The company itself now only has four active licenses in three states, according to its NMLS listing. Position: Senior Vice President, Retail Lending Catherine M. originates residential and commercial mortgages in Pennsylvania, New Jersey, Delaware, and Tennessee. ![]() Houston-based Cornerstone, which created Cornerstone Capital Bank SSB as a result of the Roscoe purchase, is now touting its LOs can lend in 37 states without them having to be licensed in those states. Position: VP, Mortgage Loan Officer Scott L. ![]()
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