INDIANAPOLIS--(EON: Enhanced Online News)--Stonegate Mortgage Corporation (NYSE:SGM) announced today an expansion of its retail growth strategy which includes the hiring of a retail management team. The new team brings expertise in acquisitions, operations, capital markets, sales and marketing in both non-bank and bank origination platforms and will be led by Jeff Walton, who has been named President of Retail Lending.
“Stonegate remains committed to the goal of building a national retail lending platform and is aggressively focused on accelerating our growth in retail production”
Prior to joining Stonegate Mortgage, Mr. Walton was President of National Residential Mortgage, a Heartland Financial Company (NASDAQ: HTLF) since 2009 and had been Senior Managing Director of Bear Stearns Residential Mortgage. He was also President of the Mortgage Divisions of First National Bank of Arizona and First National Bank of Nevada. Mr. Walton will report directly to Dan Bettenburg, President of Stonegate Mortgage.
“Stonegate remains committed to the goal of building a national retail lending platform and is aggressively focused on accelerating our growth in retail production,” said Jim Cutillo, CEO of Stonegate Mortgage. “Jeff and his team have worked together for many years. We are excited for him to help us lead the way by focusing on the organic growth of our existing retail channel and the acquisition of small to medium-sized lenders in strategic markets that do not currently have a Stonegate retail presence. The experience and expertise of our retail team will be a key to our success in what is a very exciting time for the company.”
Additional members of the team include:
- Greg Russell, Senior Vice President of Corporate Development
- Sandra Roe, Senior Vice President of Pricing
- Sherry Chappell, Senior Vice President of Retail Operations
- Brooke Joy, Director of Retail Marketing
Stonegate Mortgage recently announced the pricing of its initial public offering of 7,100,000 shares of common stock at a price to the public of $16 per share. The Company's common stock began trading on the New York Stock Exchange under the symbol "SGM" on October 10, 2013. The offering closed on October 16, 2013.
About Stonegate Mortgage Corporation
Founded in 2005, Stonegate Mortgage Corporation (NYSE:SGM) is a leading, non-bank, integrated mortgage company that originates, finances and services agency and non-agency residential mortgages through its network of retail offices and approved third party originators. Stonegate Mortgage also provides financing through its fully integrated warehouse lending platform, NattyMac. Stonegate Mortgage’s operational excellence, financial strength, dedication to customer service and commitment to technology have positioned the firm as a leading provider in the emerging housing finance market.
For more information on Stonegate Mortgage Corporation, please visit stonegatemtg.com.