Company News »

Stonegate Mortgage Creates New Division, Stonegate Direct, to Drive Retail Mortgage Growth from Direct-to-Consumer Channel

Business Wire
Share on StockTwits
Published on

Stonegate Mortgage Corporation (NYSE:SGM) , a leading, publicly-traded mortgage company that originates, finances and services agency and non-agency residential mortgages announced today that it has formed a new division called Stonegate Direct, which will provide consumers across the United States with direct access to mortgage advisors to facilitate 24 hour, seven day a week, access to the company’s mortgage products and services.

The creation of this new division greatly enhances and simplifies the customer experience and home loan application process for qualified customers by providing quick, secure online access for homebuyers and those looking to refinance. Stonegate Direct is being formed through the integration of the call center operations of Crossline Capital, which it acquired in December 2013. The division will be run by Tim Elkins, Executive Vice President, Stonegate Direct who will report to Lisa Rogers, Executive Vice President, Loan Origination. As part of the division’s operating plan, the company will have offices in southern California and open a call center in Dallas, TX that will provide service and capabilities to customer across the country.

“Delivering a superior customer experience is one of the fundamental components of Stonegate Mortgage’s approach to lending,” said Jim Cutillo, Founder and CEO of Stonegate Mortgage. “Younger generations have enhanced expectations for the efficiency of online experiences in all kinds of purchases – from buying music, to purchasing vehicles and now, even securing mortgages to purchase homes. The Stonegate Direct business is being driven by our commitment to provide all customers with access to mortgage products in an easy, understandable and timely manner and in the way that they would prefer to get it. We are taking a customer-focused approach that will distinguish Stonegate Mortgage from competitors and drive originations as we continue to grow in 2014 and beyond.”

The creation of this new division is one of several initiatives that the company is introducing to the mortgage marketplace in 2014 that are designed to deliver a superior mortgage product, outstanding pricing and exceptional customer service that are Stonegate Mortgage’s points of distinction from competitors in the marketplace. Underpinning these businesses is the company’s technology expertise which streamlines the mortgage process, ensures compliance and provides loans to only qualified customers. Stonegate Direct, will be a division of Stonegate Mortgage.

About Stonegate Mortgage Corporation

Founded in 2005, Stonegate Mortgage Corporation (NYSE:SGM) is a leading, publicly-traded 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 has positioned the firm as a leading provider in the emerging housing finance market.

For more information on Stonegate Mortgage Corporation, please visit www.stonegatemtg.com.

Various statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. These forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenues, income and capital spending. Our forward- looking statements are generally accompanied by words such as “estimate,” “project,” “predict,” “believe,” “expect,” “intend,” “anticipate,” “potential,” “plan,” “goal” or other words that convey the uncertainty of future events or outcomes. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements unless required by law, and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. These and other important factors, including those discussed in the “Risk Factors” section within our 2013 Annual Report on Form 10-K filed on March 14, 2014, may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Share on StockTwits


Iron FX 1.11156/1.11128 2.8
XM Markets 1.09948/1.09928 2
FxPro 1.10184/1.10171 1.3
FXCM 1.13943/1.13912 3.1