STONEGATE MORTGAGE CORPORATION ANNOUNCES AN FHA SPONSORSHIP PROGRAM
12/04/2010

Fishers, Indiana - December 2, 2010 - Stonegate Mortgage Corporation announced today its intent to sponsor approved wholesale/correspondent clients under its FHA Sponsorship Program.

Online PR News – 04-December-2010 – – STONEGATE MORTGAGE CORPORATION ANNOUNCES AN FHA SPONSORSHIP PROGRAM

Fishers, Indiana - December 2, 2010 - Stonegate Mortgage Corporation announced today its intent to sponsor approved wholesale/correspondent clients under its FHA Sponsorship Program.

“Stonegate is committed to wholesale and correspondent lending; our FHA Sponsorship Program will allow approved wholesale/correspondents to continue to deliver FHA loans to Stonegate after January 1, 2011,” said Jim Cutillo, President and CEO of Stonegate Mortgage.

“Approved wholesale/correspondent clients are being notified this week of our intent to sponsor them,” said Steve Landes, Executive Vice President of Loan Origination for Stonegate Mortgage. “They will receive an email with sponsorship requirements and a request for updated and/or additional information. Our intent is to make it as seamless as possible for our approved clients to continue to originate FHA loans after January 1st.”

“This is obviously a big change for many of our clients who previously were approved directly by HUD to originate, underwrite, close and fund FHA loans in their names,” said John Dennison, Vice President of Wholesale and Correspondent Lending for Stonegate Mortgage. “We are making enhancements to our technology and business processes to make the transition as seamless and as smooth as possible for our clients.”

“Stonegate wants to be the ‘Lender of Choice’ for all our clients and the industry,” said Cutillo. “We recognize that great rates and great service are only part of the equation; we have to offer technology and we have to integrate with each client’s business model in order to be a true partner, and we are committed to doing that.”

About Stonegate

Stonegate Mortgage Corporation is one of the largest privately held mortgage lenders in the Central United States. Founded in 1964, today it is a leading originator and servicer of government-sponsored enterprise (GSE) and government-insured (FHA, VA and USDA) loans.

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If you would like more information about this Program, or to schedule an interview with Mr. Cutillo, please call Jay Waddell at 913.890.4402 or email jwaddell@stonegatemtg.com. To learn more about Stonegate Mortgage visit wholesale.stonegatemtg.com.