Skip to main content

Cornerstone Home Lending Welcomes New SVP Of Product Strategy & Development

Senior Editor
Nov 30, 2023

Neil Merritt joins Houston-based lender from similar role at NewRez

Houston-based Cornerstone Home Lending, a division of Cornerstone Capital Bank, announced that Neil Merritt has been hired as its new senior vice president of product strategy & development. In his role, Merritt will identify and introduce new mortgage loan products and loan investor opportunities.

Neil Merritt cornerstone

Merritt has a 21-year career in the mortgage industry, which includes over a decade focused on loan product development and product strategies. Further, he has been responsible for the development and release of hundreds of new loan products, resulting in billions of dollars of additional loan sales volume for the loan originators he previously served.

Adam Laird, CEO of Cornerstone Home Lending, said, "We constantly focus on investing in additional ways to support the growth of our loan originators and the success of our business partners. With his proven track record, Neil will be instrumental in propelling Cornerstone to a market-leading position in sourcing new investors and expanding our large portfolio of loan products. We look forward to supporting Neil's success and providing Cornerstone's sales teams with more opportunities to cater to the diverse needs of our clients."

Merritt said, "I'm drawn to Cornerstone for its outstanding culture. Over the past 35 years, Cornerstone has built a reputation of excellence in the market, and it's exciting to join a dynamic, multi-faceted financial services company with so many resources at its disposal. I look forward to creating additional investor relationships and mortgage loan products and services, all while supporting the continued success of Cornerstone's industry-leading loan originators."

According to his LinkedIn profile, Merritt was head of product strategy and development at NewRez for 28 months, leaving in October. He was senior vice president of product development at Stearns Lending for almost four years during more than five years with the lender.
 

About the author
Senior Editor
Keith Griffin is a senior editor at NMP.
Published
Nov 30, 2023
Senate Confirms Scott Turner For HUD Secretary

Trump's nominee passed with a 55-44 vote and the support of two Senate Democrats

Feb 05, 2025
Evergreen Home Loans Adds John Porath As Regional Manager

The veteran mortgage leader will oversee expansion in southeastern U.S. markets

Feb 03, 2025
First Horizon Corp. Announces Retirement Of Harry V. Barton Jr.

Barton, age 70, will retire from the Boards of Directors at the conclusion of his current term

Jan 31, 2025
Movement Adds Aimee Dodson As Chief Engagement Officer

Dodson will oversee “sales onboarding and training, affiliate relationships, and culture-related programming”

Jan 29, 2025
Philip Riccio Named CFO Of Panorama Mortgage Group

The insider gains a broader, 'panoramic' view of the company's financial functions

Jan 28, 2025
The Mortgage Collaborative Names New President, CEO

Jodi Hall formerly led operations for CrossCountry and Nationwide Mortgage Bankers

Jan 27, 2025