Cornerstone Capital Bank, which does mortgage originations and servicing, has expanded its leadership team with seven new hires to strengthen its financial services franchise.
"Cornerstone's strength starts with our caring, experienced team members and our award-winning culture," said Cornerstone President and CEO, Scott Almy. "By investing in talented leaders to augment our existing top-tier teams, we are positioning Cornerstone for further growth and innovation across multiple lines of business."
Among the seven hires was Patrick Ramsier. After 35 years of commercial real estate finance experience, he’s been appointed as president of capital markets, CRE. Before Cornerstone, he built successful on-book commercial real estate platforms at both LegacyTexas Bank and Southside Bank, originating $7 billion in committed volume and managing multi-billion-dollar portfolios.
Mike Iorio is spearheading the nationwide expansion of Cornerstone's world-class Homebuilder Partnership business as the senior vice president of strategic partnership. Iorio brings over 25 years of banking and mortgage experience and has held executive roles at NewRez, Wells Fargo, CMG Financial, Citywide Home Loans, and Stearns Lending.
Noah Elrod brings over 15 years of industry experience as senior vice president and director of treasury services, where he will lead Cornerstone's new corporate treasury sales and advisory business set to launch in the final quarter of 2024. Cornerstone is using the latest technology in designing new products to fulfill the needs of hundreds of partners and offering the lowest fees in the industry. Elrod held a similar position at American National Bank & Trust and has also held leadership roles with Independent Financial and Wells Fargo.
Dana Abernathy joins Cornerstone as vice president of loan servicing business development, where she will be expanding the company's mortgage loan servicing operations. Abernathy has 35 years of industry experience and has held leadership roles at Computershare Loan Services, National MI, and PMI Mortgage Insurance Company.
Gina Darcy joined as senior vice president, managing director, project management & risk reporting. With over 20 years of experience, Darcy has held senior roles at Bank of the West, Wells Fargo, and JPMorgan Chase.
The new Vice President of Marketing, Thu-Lynn "TL" Nguyen, will be responsible for expanding Cornerstone's market and brand presence and developing its enterprise-wide sales teams. During her 15-year career in the mortgage industry, Nguyen has spearheaded strategic initiatives like the creation of a lead-generating mobile app and the implementation of multiple CRM technology platforms. Nguyen is also well known for her work with the National Association of Minority Mortgage Bankers Association (NAMMBA), where she is a member and panel speaker. Nguyen previously served as Vice President of Marketing at InterLinc Mortgage and held marketing leadership roles at NRL Mortgage and Envoy Mortgage.
In the past two years, Cornerstone has grown its assets by 25%, doubled its funding sourced, and raised more than $1 billion in deposits. Additionally, Cornerstone has one of the nation's highest FDIC insurance ratios and decreased its funding costs by more than 300 basis points since 2022.
"With the backing of our fortress-like capital position, we've successfully launched or grown an industry-leading in-house mortgage loan servicing platform, new mortgage partnerships and mortgage portfolio programs, consumer digital deposits, and commercial lending," Almy said. "We're excited to extend that growth into treasury sales and service later this year. We consider these achievements a great start toward realizing our unique opportunities and reaching our goal of serving more than one million families, businesses and institutions nationally."
