twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.

Stonegate Completes Acquisition of Wholesale Business

Originations likely to rise by 76%

Dec. 12, 2013

By Mortgage Daily staff

Stonegate Mortgage Corp. has completed the acquisition of a significant wholesale lending business in a move that is likely to push its overall production up by three-quarters.

A deal announced last month had Stonegate acquiring the wholesale lending division of Nationstar Mortgage Holdings Inc.

Indianapolis-based Stonegate already operates a wholesale origination channel. But the division only generated $1.2 billion in production during the first nine months of this year.

Mortgage broker business, however, is likely to soar with the acquisition of the Nationstar unit -- which originated $4.8 billion during the same period.

On Thursday, Stonegate -- which originated $6.3 billion from all origination channels during the first three quarters of 2013 -- announced that is has completed the acquisition.

Included in the deal were 200 employees and certain distributed retail assets.

Stonegate Chief Executive Officer Jim Cutillo called it "an exciting time" in the announcement and said the company will continue to build its national presence.

As a result of the transaction, Stonegate will realign its management structure.

Former Nationstar executive Kevin McCafferty will now lead Stonegate's third-party origination channel as executive vice president - third party origination.

Three third-party origination sales division will be headed by Michael Cullen, Paul Wyner and Greg Armstrong. All three have been designated as senior vice presidents and will report to McCafferty.

Former Nationstar executive Fred Bolstad is executive vice president - national sales manager with responsibility for retail

Todd Fliss, Mark Etchison and Vic Polich will each serve as senior vice presidents reporting to Bolstad.

Stonegate Mortgage profile | Nationstar Mortgage profile

next story

back to current headlines

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

The Mortgage Graveyard
Failed, closed and a c q u i r e d mortgage-related entities.

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders