SOURCE: Stonegate Mortgage

January 23, 2008 09:31 ET

Stonegate Mortgage Corporation Hires David G. Kittle, CMB as Executive Vice President

Providing Enhanced Lending Programs to a Broader Client Base

INDIANAPOLIS, IN--(Marketwire - January 23, 2008) - Stonegate Mortgage Corporation is pleased to announce the hiring of David G. Kittle, CMB as Executive Vice President.

Mr. Kittle is currently the President and CEO of Principle Wholesale Funding, Inc., a national wholesale lender based in Louisville, KY. He will be responsible for developing and managing the company's retail and affiliate branch operations.

He is also actively involved in the Mortgage Bankers Association (MBA) where he currently serves as Chairman-Elect and is a member of the MBA's Advisory Committee. He has also served as Chairman of MORPAC, MBA's political action committee, and Vice Chairman of the MBA's Residential Board of Governors (RESBOG).

"David's experience and insight are critical to our continued growth. We see a tremendous opportunity to consolidate Mortgage Brokers and give them access to our mortgage banking platform," said Jim Cutillo, President of Stonegate Mortgage.

"Based on the changes occurring in the mortgage industry, Stonegate is uniquely positioned to capture a large percentage of the market," added Kittle. "If you're a Mortgage Broker looking for a Net Branch model you should call us."

About Stonegate Mortgage Corporation

Stonegate Mortgage Corporation is a Private Mortgage Banker.

As an FHA direct endorsement and correspondent lender Stonegate offers a wide array of mortgage loan programs for the purchase, refinance and/or construction of single family (1-4 units) homes. Please visit our web site for more details: www.stonegatemtg.com. Stonegate is currently recruiting Net Branch Managers and Loan Officers throughout Indiana and Kentucky.

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