Cornerstone Unveils Community Lending Division

Cornerstone Capital Bank announced a new community lending division to help underserved communities attain homeownership.

The new division is based in Arlington, TX, but extends to all 45 states that Cornerstone serves. 

It aims to close racial and economic gaps in homeownership, shooting to work with 1,000 families in its first year.

Specific efforts will include a tailored affordable housing program and homebuyer literacy outreach, alongside the “vast array” of secondary mortgage market products Cornerstone already offers.

“We are thrilled to make homeownership more accessible through innovative programs and personalized support,” said Jessie Jackson, SVP and co-managing director alongside Rod See.

The Community Lending Division will partner with groups such as NAR and the National Association of Hispanic Real Estate Professionals to expand its impact.

“I joined Cornerstone because the company’s mission and values align perfectly with my passion for helping families achieve the dream of homeownership,” See added.

“For originators, agents, and builders who want to make a meaningful difference, the Community Lending Division offers the resources to succeed and the opportunity to serve a diverse range of clients—not just low-income borrowers, but anyone seeking a path to homeownership.”

Cornerstone Home Lending and The Roscoe State Bank combined in 2022, creating the highest capitalized new bank in Texas history, with over $380 million in regulatory capital and more than $1.5 billion in assets.

It says that the acquisition changed its directory, making it one of the fastest-growing banks in the nation and giving it the resources to truly make an impact in underserved communities.

Houston-based Cornerstone is a national provider of mortgage finance and servicing solutions, plus banking services to businesses and consumers.

Last year, the bank brought on seven seasoned execs and a new CFO as it continues to take advantage of its new path to expansion.