Cornerstone Capital Bank in Auburn, Ala., has formed a mortgage partnership with a homebuilder.
The bank said in a press release that Ironcrest Mortgage, the venture with Stone Martin Builders, will leverage its lending expertise with the builder’s custom homebuilding experience.
“We’re excited to merge Cornerstone’s proven national lending platform with Stone Martin’s deep roots and dedication to durable, custom construction,” Trey Bell, the bank’s builder division president, said in the release. “This partnership enables us to offer homebuyers a truly integrated experience, from selecting their energy-smart home to securing the right financing.”
Cornerstone has more than 15 mortgage joint ventures and relationships with more than 100 builders.