(Englewood, CO – July 2024) Fitch Ratings has assigned Cornerstone Servicing, a leading residential loan subservicer and division of Cornerstone Capital Bank, SSB, the U.S. primary home equity/HELOC servicer and second lien specialty servicer ratings of RPS3 with a Stable Rating Outlook. In addition, Fitch affirmed the company’s U.S. primary prime servicer rating of RPS3, revising its Rating Outlook to Positive from Stable. These ratings reflect Cornerstone Servicing’s tenured management team, comprehensive enterprise-wide compliance management platform, excellent performance metrics, and enhanced servicing technology environment.
“We are proud to be recognized by Fitch with these additional ratings, which speak to our team’s deep experience servicing home equity products and the caliber of subservicing solutions we provide our clients,” said Toby Wells, President of Cornerstone Servicing. “We’re also pleased to have our primary prime servicer rating outlook upgraded to positive as we continue investing in our people, industry-leading technology platform, and operations from end to end. Cornerstone Servicing will remain focused on ensuring a best-in-class homeownership experience and helping our subservicing clients stay competitive as the market evolves.”
Cornerstone Servicing has seasoned, in-house expertise and the latest technologies available to service any home equity product according to the highest industry standards, including closed-end seconds and all HELOC and home equity investment (HEi) variations. Its intuitive website and app features a tailored experience for HELOC customers, including convenient ACH draw options. The company’s powerful customer service portal empowers team members to provide complete, efficient support throughout the lifecycle of a loan/agreement. In addition, Cornerstone Servicing leverages robust compliance technologies for systematic and automated portfolio-wide surveillance, with custom rules for home equity products.
As a subservicing partner to lenders and investors of all sizes, Cornerstone Servicing also provides complete servicing solutions for first and second lien mortgages, non-QM, construction and bridge loans, business purpose loans, and other loan types, with agility to service new and unique products in the residential lending marketplace. The company offers private label solutions designed to boost brand loyalty and a customer retention program with multi-channel campaigns to support clients’ ongoing recapture and cross-selling activities. Component and interim servicing options are also available.
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.
MEDIA CONTACT
Megan Cohen
+1 303 395 3365
mcohen@cornerstoneservicing.com