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April 27, 2015 9:20 PM ET

Thrifts and Mortgage Finance

Company Overview of Stonegate Mortgage Corporation

Company Overview

Stonegate Mortgage Corporation, a specialty finance company, focuses on originating, financing, and serving 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 government mortgage loans, prime conforming mortgage loans, prime non-conforming 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 interest, holding custodia...

9190 Priority Way West Drive

Suite 300

Indianapolis, IN 46240

United States

Founded in 2005

1,294 Employees

Phone:

317-663-5100

Fax:

317-569-0705

Key Executives for Stonegate Mortgage Corporation

Founder, Chief Executive Officer and Director
Age: 46
Total Annual Compensation: $433.3K
Chief Financial Officer
Age: 50
Total Annual Compensation: $234.4K
President of NattyMac
Age: 45
Total Annual Compensation: $206.6K
General Counsel and Secretary
Age: 44
Total Annual Compensation: $360.0K
Compensation as of Fiscal Year 2014.

Stonegate Mortgage Corporation Key Developments

Stonegate Mortgage Corporation Appoints R. Douglas Gilmore as Chief Information Officer

Stonegate Mortgage Corporation announced that R. Douglas Gilmore has been appointed to the role of Chief Information Officer, to lead IT and technology efforts, including the development of Stonegate Connect. In this role, he will oversee all information technology for Stonegate Mortgage, including origination, servicing and financing (NattyMac). He will report to Jim Cutillo, Chief Executive Officer of Stonegate Mortgage. Doug brings over 20 years of experience in information security, network architecture and systems engineering to the company. Prior to joining Stonegate Mortgage, he held a number of senior executive positions with companies such as Bellwether, Gracenote and Haverstick Consulting. Most recently, he served as Chief Information Officer at ChaCha Search Inc.

Stonegate Mortgage Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Stonegate Mortgage Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s net loss was $21.4 million, or $0.83 per diluted share, compared to net loss of $1.7 million, or $0.07 per diluted share, in the third quarter of 2014 and net income of $2.1 million, or $0.08 per diluted share in the fourth quarter of 2013. Total revenues were $26,545,000 against $43,845,000 a year ago. Loss before income tax expense was $36,313,000 against income before income tax expense of $3,201,000 a year ago. Adjusted net income was $4.1 million, or $0.15 per diluted share compared to $2.7 million, or $0.11 per diluted share, for the fourth quarter 2013. For the full year, the company’s net loss was $30.7 million, or $1.19 per diluted share, compared to net income of $22.6 million, or $1.32 per diluted share for the full year 2013. Total revenues were $185,617,000 against $157,947,000 a year ago. Loss before income tax expense was $47,112,000 against income before income tax expense of $27,809,000 a year ago. Adjusted net income was $15.6 million, or $0.61 per diluted share compared to adjusted net income of $15.6 million, or $0.91 per diluted share a year ago. Net cash used in operating activities was $561,149,000 against $523,586,000 a year ago. Purchases of property and equipment were $8,634,000 against $9,939,000 a year ago.

Stonegate Mortgage Corporation to Report Q4, 2014 Results on Feb 26, 2015

Stonegate Mortgage Corporation announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 26, 2015

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