September 23, 2014 8:13 PM ET

Thrifts and Mortgage Finance

Company Overview of Stonegate Mortgage Corporation

Company Overview

Stonegate Mortgage Corporation, an integrated mortgage company, focuses on originating, acquiring, selling, financing, and servicing residential mortgage loans in the United States. The company originates and sells residential mortgage loans and jumbo loans through correspondent, wholesale, and retail channels. Its products include prime conforming mortgage loans, prime non-conforming mortgage loans, government mortgage loans, non-prime mortgage loans, and prime second-lien mortgage loans. The company also performs loan administration, collection, and default activities, including the collection and remittance of loan payments, responding to customer inquiries, accounting for principal and i...

9190 Priority Way West Drive

Suite 300

Indianapolis, IN 46240

United States

Founded in 1964

1,256 Employees

Phone:

317-663-5100

Fax:

317-569-0705

Key Executives for Stonegate Mortgage Corporation

Founder
Age: 46
Total Annual Compensation: $384.4K
President of NattyMac
Age: 45
Total Annual Compensation: $206.6K
Compensation as of Fiscal Year 2013.

Stonegate Mortgage Corporation Key Developments

Stonegate Mortgage Appoints Dwayne Cook Senior Vice President Loan Originations Finance and Strategy

Stonegate Mortgage Corporation announced that Dwayne Cook has been appointed to the role of Senior Vice President Loan Originations Finance and Strategy, to develop corporate financial planning activities for all loan origination. In this role, he will collaborate with the business leaders in origination to create and drive strategy. He will report to Lisa Rogers, Executive Vice President, Loan Origination of Stonegate Mortgage. Mr. Cook brings over two decades of experience in business planning, strategy, and management. He previously served as Managing Member of MNCC Consulting, LLC, where he was responsible for business development and consulting services.

Stonegate Mortgage Corporation Presents at Barclays 2014 Global Financial Services Conference, Sep-08-2014 10:30 AM

Stonegate Mortgage Corporation Presents at Barclays 2014 Global Financial Services Conference, Sep-08-2014 10:30 AM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: James J. Cutillo, Founder, Chief Executive Officer and Director.

Stonegate Mortgage Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Stonegate Mortgage Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to common stockholders was $268,000 or $0.01 per diluted share, compared to $9,127,000 or $0.63 per diluted share a year ago. Total revenues were $57,623,000 against $43,353,000 a year ago. Income before income tax expense was $406,000 against $14,685,000 a year ago. Adjusted net income was $7,357,000 or $0.29 per diluted share against $6,735,000 a year ago. For the six months, total revenues were $95,924,000 against $82,235,000 a year ago. Loss before income tax expense was $12,445,000 against income before income tax expense of $30,530,000 a year ago. Adjusted net income was $10,778,000 or $0.42 per diluted share against $12,813,000 or $1.00 per diluted share a year ago. Net cash used in operating activities was $544,691,000 against $217,351,000 a year ago. Purchases of property and equipment were $2,629,000 against $3,021,000 a year ago. Purchase of assets in a business combination was $258,000. Net loss attributable to common stockholders was $7,616,000 or $0.30 per diluted share, compared to $18,823,000 or $1.46 per diluted share a year ago.

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