TEXAS BANKING NEWS, PEOPLE and IDEAS

Mortgage lending

Cornerstone Home Lending to Acquire Roscoe State Bank

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Houston-based Cornerstone Home Lending, one of the nation’s largest independent residential mortgage companies, announced that it has signed a definitive agreement to acquire Roscoe-based Roscoe State Bank. These two family-owned companies with nearly 150 years in business will combine to create an organization holding approximately $2 billion in assets and more than $300 million in equity … Read more

Promontory MortgagePath Hires Sloan to Manage National Mortgage Operations

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Connecticut-based Promontory MortgagePath LLC, a provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, has hired industry veteran Theresa Sloan as managing director, national mortgage operations. She will lead the company’s national strategy for mortgage fulfillment while partnering with internal stakeholder groups to develop its growth and fintech strategy. Sloan comes to Promontory MortgagePath … Read more