Cornerstone Capital Bank Plans To Extend The Ladder Of Homeownership To Underserved Communities

Cornerstone Capital Bank, a national provider of mortgage origination and servicing solutions and consumer, commercial, and institutional banking services, has launched a Community Lending Division to expand homeownership opportunities for underserved communities across the nation. Based in Arlington, Texas, the new division aims to close racial and economic gaps in homeownership and help families achieve their dream of owning a home. With Cornerstone’s mortgage lending footprint extending across 45 states and Washington, D.C., the initiative will serve communities throughout these markets.

According to Jessie Jackson and Rod See, senior vice presidents and co-managing directors of the new division, the Community Lending Division aims to assist 1,000 families in purchasing homes within its first year. The division’s efforts will include tailored affordable housing programs, homebuyer literacy outreach, as well as Cornerstone’s vast array of secondary mortgage market products.

Part of the Community Lending Division’s mission is to address significant disparities across racial and ethnic groups in the U.S. homeownership rate, said Mark Dinkins, regional senior vice president of Cornerstone Home Lending. As of the fourth quarter of 2023, the homeownership rate among non-Hispanic White Americans was 73.8% compared to 63% for Asian Americans, 49.8% for Hispanic Americans, and 45.9% for Black Americans, according to Census Bureau data.  

“These numbers highlight the urgency of our mission,” said Dinkins. “By addressing the barriers that have historically limited access to homeownership, we aim to create meaningful opportunities for families in every community we serve.”

“At Cornerstone, we believe homeownership is transformative. It builds stronger families and communities,” said Jackson. “We are thrilled to make homeownership more accessible through innovative programs and personalized support.”

“The Community Lending Division is about changing lives,” said See. “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.” 

The Community Lending Division will enhance its impact through partnerships with organizations such as the National Association of Real Estate Brokers, the National Association of Hispanic Real Estate Professionals, and other groups. By offering state and local down payment assistance programs, Federal Home Loan Bank grant funds, and accessible mortgage products, Cornerstone is making the path to homeownership simpler and more inclusive.

“This initiative reflects Cornerstone’s commitment to creating solutions that make a lasting difference,” said Adam Laird, CEO-Mortgage Banking at Cornerstone Capital Bank. “By expanding access to housing, we are fulfilling our mission of building stronger communities through exceptional service and personal engagement.”

Since its 2022 formation following the acquisition of Roscoe Bank, Cornerstone Capital Bank has emerged as one of the fastest-growing banks in the nation. The company plans to expand the Community Lending Division in the coming years, with additional branches and expanded services to reach underserved communities nationwide.