November 2024 — Cornerstone Servicing, a leading residential loan subservicer and division of Cornerstone Capital Bank, SSB, has been assigned a Residential Mortgage Loan Primary Servicer Ranking of average from S&P Global Ratings with a stable ratings outlook. The ranking reflects the company’s robust technology platform, track record of superior service, and commitment to excellence across its performing and default servicing operations.
In its press release, S&P Global Ratings highlights Cornerstone Servicing’s industry-leading customer service metrics and competitive operational performance; low portfolio delinquency rate and excellent loss mitigation performance; effective risk management and controls; well-designed business continuity, disaster recovery, and cyber security functions; experienced senior and middle management teams; and several other qualifications.
“Being recognized by S&P alongside other prominent ratings agencies is a testament to Cornerstone Servicing’s deep and well-rounded industry experience, outstanding operational performance, and uniquely thoughtful approach to subservicing,” said Toby Wells, President of Cornerstone Servicing. “We will continue raising the bar with constant enhancements across our homeowner experience, integrated technology platform, and the variety of client services we offer. Cornerstone Servicing remains focused on furthering our clients’ success and growth in the ever-evolving housing market.”
As a subservicing partner to lenders and investors of all sizes, Cornerstone Servicing supports a range of residential loan types – first and second lien mortgages; home equity products including home equity lines of credit (HELOC) and home equity investment (HEI); non-QM; construction and bridge loans; business purpose loans; and others – with agility to service new and unique products in the residential lending marketplace. The company offers private label servicing solutions designed to boost brand loyalty and a portfolio retention program featuring multiple channels for lead generation. Cornerstone Servicing also offers component and interim servicing options.
In addition to S&P Global Ratings, Cornerstone Servicing is rated by Fitch Ratings as a U.S. Primary, Home Equity/HELOC, and Second Lien Specialty Servicer and has been reviewed by DBRS Morningstar. Licensed to lend and service nationwide, the company is approved and in good standing with Fannie Mae, Freddie Mac, Ginnie Mae, FHA, VA and USDA.
About Cornerstone Servicing
Cornerstone Servicing, a division of Cornerstone Capital Bank, SSB, is a leading residential loan subservicer uniquely built to empower smart homeownership. The company combines superior service with intuitive technologies and digestible communications to make homeownership easy, every step of the way. As a subservicing partner to lenders and investors of all shapes and sizes, Cornerstone Servicing delivers a best-in-class homeownership experience that proves to deepen brand loyalty and maximize profitability long term. Cornerstone Servicing is a division of Cornerstone Capital Bank, SSB, with primary servicing centers* located in Englewood, Colorado, and Houston, Texas. For more information, visit cornerstoneservicing.com.
*Presently, Cornerstone Capital Bank, SSB, does not market/use its trade name, Cornerstone Servicing, in a limited number of jurisdictions, which is subject to change.
CONTACT
Megan Cohen
Vice President, Cornerstone Servicing
+1 303 395 3365
mcohen@cornerstoneservicing.com