Cornerstone Capital Bank, a national mortgage originator and servicer, is launching a community lending division to serve underserved communities, the company announced this week.
The new division will be based in Arlington, Texas. Cornerstone plans to close the homeownership gap for underserved communities in the 45 states that the company operates in. According to the division’s leadership, the goal is to serve 1,000 families in the first year.
“At Cornerstone, we believe homeownership is transformative. It builds stronger families and communities,” said Jessie Jackson, senior vice president and co-managing director of the division. “We are thrilled to make homeownership more accessible through innovative programs and personalized support.”
The Community Lending Division will offer mortgage programs and products tailored to benefit underserved borrowers. Some programs will offer affordable housing access, homebuyer literacy resources and secondary mortgage products. Other offerings will include state and local down payment assistance programs, Federal Homes Loan Bank (FHLB) grants funds and more.
Partnerships will also comprise a big share of the division’s action plan. In the announcement, Cornerstone also mentioned upcoming partnerships with organizations like the National Association of Hispanic Real Estate Professionals.
Jackson, alongside co-managing director Rod See, joined the new division for one purpose: changing lives and making a difference.
“I joined Cornerstone because the company’s mission and values align perfectly with my passion for helping families achieve the dream of homeownership. 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,” Jackson added.
Adam Laird, Cornerstone’s CEO of Mortgage Banking, says the new division’s commitment to helping underserved communities reflects the company’s mission.
“This initiative reflects Cornerstone’s commitment to creating solutions that make a lasting difference,” Laird said. “By expanding access to housing, we are fulfilling our mission of building stronger communities through exceptional service and personal engagement.”
Houston-based Cornerstone Capital Bank formed in 2022 following a merger between a Cornerstone Home Lending and The Roscoe State Bank, with the former acquiring the latter. The organization maintains 1,500 team members nationwide.
