Stonegate Mortgage Corporation Hires Dan Bettenburg as President

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Stonegate Mortgage Corporation announced today that it has hired Dan Bettenburg as President. Prior to joining Stonegate, Bettenburg was Executive Vice President and Senior Managing Director at GMAC - Residential Funding Corporation (RFC) where he was employed for over 17 years.

The addition of Dan to our executive team is a big step in our strategy to continue to grow and expand our business and is a validation of our potential.

Stonegate Mortgage Corporation announced today that it has hired Dan Bettenburg as President. Prior to joining Stonegate, Bettenburg was Executive Vice President and Senior Managing Director at GMAC - Residential Funding Corporation (RFC) where he was employed for over 17 years.

While at GMAC-RFC, Bettenburg was responsible for Homecomings Financial – Wholesale and led its growth in loan origination volume from $14 billion per year to over $28 billion per year, ranking Homecomings as the #12 wholesale mortgage originator in 2008. He was also responsible for the design, development and implementation of Assetwise, GMAC-RFC’s industry-leading automated loan decisioning engine, as well as a complete suite of business-to business eCommerce tools that automated and streamlined transactions between GMAC-RFC and its broker and correspondent lender clients.

“I am excited to join the Stonegate team,” said Bettenburg. “What they have accomplished over the past three years is exceptional, especially given the state of the economy and the mortgage industry in particular. We are well-positioned to continue to grow our market share and expand into new markets. Our production is up over 40% from last year and we have only begun to leverage our technology and servicing platforms.”

“Dan has a demonstrated track record of success managing sales, operations and technology in a fast-paced, growth-oriented culture, and you don’t often see that combination in our business,” said Jim Cutillo, Chief Executive Officer of Stonegate Mortgage.

“The addition of Dan to our executive team is a significant step forward in our strategy to continue to grow and expand our business and is a validation of our potential,” said Steve Landes, Stonegate’s Executive Vice-President. “Dan’s experience and background will enable us to better leverage our technology to continue to aggressively grow our retail, wholesale and correspondent channels.”

About Stonegate Mortgage Corporation
Founded in 2005, Stonegate Mortgage Corporation is one of the top 25 independently-owned mortgage servicers in the United States and is a leading originator of government-sponsored enterprise (GSE) and government-insured (FHA, VA and USDA) loans. Stonegate assists clients in purchasing and refinancing homes through a variety of mortgage products, and also acquires wholesale and correspondent loans in 16 mid-western states. Retail branch locations include Fishers, Greenwood and Avon, IN, Overland Park, KS, Louisville, KY, Lee’s Summit, MO, and Columbus and Mansfield, OH.

For more information about Stonegate Mortgage Corporation, go to http://www.stonegatemtg.com.

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Jay Waddell
Stonegate Mortgage Corporation
(913) 890-4402
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