Cornerstone Home Lending launches in-house mortgage servicing unit

Cornerstone Home Lending is moving its mortgage loan servicing operations in-house, a tactic similarly adopted by loanDepot earlier this year.

Cornerstone, a mid-sized nonbank lender, has launched an in-house servicing system for new loan originations. The company employed Black Knight’s servicing technology platform and built a team of servicing professionals led by Toby Wells, managing director of loan servicing.

“Cornerstone’s robust servicing platform supports and streamlines all facets of Cornerstone’s loan servicing operations from loan boarding to payoff, enabling our team members to focus on what matters most: a remarkable customer experience,” Wells said. “Cornerstone’s dedicated loan servicing team will continuously elevate every aspect of the loan servicing process to raise the bar for customer satisfaction.”