Dallas-headquartered Cornerstone Capital Bank has launched two joint venture companies with homebuilders in Texas and North Carolina.
Twin Tree Mortgage, based in Waxahachie, Texas, is a joint venture with Elmwood Homes that will provide mortgage solutions for homebuyers throughout the greater Dallas market. Fayetteville, North Carolina-based Liberty Ridge Lending is a partnership with local homebuilders JSJ Builders and Ben Stout Construction that will serve homebuyers across Fayetteville and the surrounding Raleigh suburbs, with a strong focus on assisting military families near Fort Bragg.
With the addition of these joint venture companies, Cornerstone is now managing joint venture mortgage companies with 15 homebuilders nationwide.
“Cornerstone is known as the nation’s best partner for homebuilders,” said Mike Iorio, senior vice president of strategic partnerships at Cornerstone. “Through our suite of builder solutions—encompassing preferred lending relationships, bona fide independent joint venture mortgage companies, and advisory services for mortgage, loan servicing, and insurance, Cornerstone leverages intimate community knowledge and local relationships. We provide tailored solutions to help builders navigate successfully through market-specific challenges. Additionally, our experts have access to unique bank portfolio and affordable lending programs that help more deserving homebuyers qualify for mortgages, which ultimately assists our builder partners in selling more homes.”
