Cornerstone Capital Financial Services, LLC
At Cornerstone Capital, we strive to make the mortgage process for new home buyers in NJ as pleasant, positive, and transparent as possible.
We feel that communication is the key and make sure that our clients are informed at every step of the mortgage process. We have deep ties to the River Edge community as well as the surrounding Bergen County areas (Paramus, Hackensack, Oradell, Teaneck, Ridgewood and Wyckoff), and our reputation among our friends and neighbors, as well as with the larger mortgage and banking community, is vital to the success and growth of our brand. We are here to help, inform, and advise; earning your trust and respect is our primary goal with every interaction. Your referrals are the lifeline of our future.
Cornerstone Capital Financial Services LLC was founded in Edison NJ in June of 2007 in the wake of the global economic crisis. The huge Wall Street broker-bankers, led by Goldman Sacks, spent years pumping out mortgage backed securities and derivatives- based on mortgages- to institutional investors around the world. This greedy group then persuaded AIG to insure these faulty products and used creative ‘classification’ to devise mortgage ‘tranches’ that they then enticed the rating agencies to rate as AAA bonds. Even after the loans started defaulting en masse they still foisted them upon institutional investors, shorting their own positions to insure that they would profit even as they were poisoning the retirement investments of the unsuspecting populace. In the aftermath of this financial reckoning came Cornerstone Capital.
The founding partners each brought a disparate set of talents and experiences to the mix; one was a successful wholesale account executive for WAMU with an extensive knowledge of the back office underwriting process as well as contacts with underwriters and loan officers throughout the state, while the other was a top notch loan officer with an intuitive knowledge of the origination process who had managed several retail branches. In July of 2010 Kevin Shanman, the minority partner and former wholesale AE, became the sole owner of Cornerstone and relocated the business (now in Westfield) to his hometown of River Edge.
Kevin carefully restructured the marketing efforts, preferring to establish a local community presence, through referrals and word-of-mouth, as opposed to the intensive lead telemarketing approach of the former owner. Six years later, having worked with hundreds of clients in the area, we are proud to be established members of the River Edge/Bergen County business community. It would be our pleasure to assist you in any way we can, whether it is for a purchase or refinance, or if you would just like to find out more about mortgage products or the mortgage process. Consider us a resource for important information about the volatile mortgage industry-we are here to help!