Rapidly-expanding independent mortgage banker in the Midwest chooses Alight Mortgage Lending for financial forecasting and branch evaluation
SAN FRANCISCO – OCTOBER 14, 2016 – Alight Inc., the fast-growing provider of industry-specific real-time financial optimization applications, today announced that Cornerstone Mortgage, Inc., has selected the Alight Mortgage Lending™ platform. Cornerstone Mortgage, Inc., headquartered in St. Louis and operating in 10 additional states, quickly and efficiently delivers lower-cost loans to its customers via in-house processing, underwriting and closing.
Alight Mortgage Lending, built from the ground up for the mortgage industry by industry veterans, is the only application for real-time financial forecasting and multiple scenario analysis specifically designed for mortgage banks. Alight directly connects to a firm’s general ledger, loan origination systems and capital markets providers, and users can run limitless what-if scenarios to see the financial ripple effects of changes across the P&L, balance sheet and cash flow.
“Our goals for 2017 include organic growth of existing branches as well as expansion of our branch presence outside of the St. Louis area footprint,” said Angi Stevenson, President and CEO, Cornerstone Mortgage, Inc. “To that end, we are excited to work with Alight in refining our branch analysis and evaluation methodology so that we may continue to draw and retain elite originators and origination teams and provide stellar service to our customers.”
The Alight Mortgage Lending platform allows for integration across the enterprise creating different dashboard views for each user and customizing each view to include the information most important to them. Cloud-based, permission-based access from any device at any time puts information into the hands of those that need it, when they need it.
“We’re pleased to have the opportunity to work in helping Cornerstone Mortgage plan for growth into 2017 and beyond,” said Jared Huff, group head of Alight Financial Services. “One of our initial priorities will be to provide accurate and meaningful financial data to branch managers to help increase understanding of their productivity and value to the organization.”
With Alight, teams can run and compare base/best/worst case scenarios, see the financial impact of every decision before it’s made and have confidence in choosing the best path forward.
About Alight, Inc.
Alight is a fast-growing provider of industry-specific, cloud-based applications that give customers the power to see the financial impact of every decision, before they make it. Alight works with firms in mining, mortgage banking and high tech. For more information: alightinc.com.
About Cornerstone Mortgage, Inc.
Cornerstone Mortgage, Inc. was founded in 1996 and is currently licensed in ten states including Missouri, Illinois, California, Ohio, Kansas, North Dakota, Florida, Texas, Utah and South Carolina, Cornerstone Mortgage, Inc. is a full-service mortgage banker, Freddie Mac seller/servicer, Fannie Mae Direct seller/servicer, and a Ginnie Mae issuer/servicer. Cornerstone Mortgage, Inc. is also a ProLoan Approved Lender. With in-house processing, underwriting, and closing, Cornerstone clients experience a superior loan process at a lower cost. Cornerstone Mortgage, Inc. is headquartered in St. Louis, Missouri and has 15 other office locations. Cornerstone Mortgage, Inc. is an accredited business with the Better Business Bureau and has a consistent A+ rating. For more information: cornerstonemortgage.com