Stonegate Mortgage Expanding With New Scottsdale Home

In Business Magazine

Stonegate Mortgage Corporation, a leading, publicly traded mortgage company focused on originating, financing and servicing U.S. residential mortgage loans, has commenced operations in its newest expansion location: Scottsdale, Ariz.

Jeff Walton, president of Retail Lending at Stonegate Mortgage and longtime Scottsdale community member, will lead operations at the new location. Walton’s experience in the mortgage lending industry spans more than 26 years. He has held executive leadership roles at Heartland Financial USA, Inc.; National Residential Mortgage; Bear Stearns Residential Mortgage; and First National Bank of Arizona/First National Bank of Nevada. “I am thrilled that Stonegate is coming to Scottsdale, where we will eventually bring more than 90 jobs to the area,” said Walton. “Stonegate has grown by hiring a committed group of people who are dedicated to providing the best possible service to our customers, and Scottsdale offers us access to a community with the skills we need and the ideal business climate to grow our operations.” “We hope that Scottsdale will be a new vital hub for Stonegate,” said Stonegate founder and CEO Jim Cutillo. “With new space and new opportunities, we are confident that Scottsdale and the greater Phoenix area will be great partners as we continue to build our national retail presence and expand third-party originations.” Located in the Scottsdale Gateway II development, the new Stonegate offices will occupy more than 12,000 square feet and eventually employ more than 90 Stonegate employees.The City of Scottsdale is a hub of activity in the financial services and other business sectors. Companies there benefit from its stellar international reputation, a high number of skilled workers at low relative cost, and easy access for clients and executives via Scottsdale Airport, which offers U.S. Customs service seven days per week.

“The announcement by Stonegate Mortgage to make Scottsdale home to one of its new primary corporate locations speaks to our many business advantages for the industry,” said Scottsdale Mayor W.J. “Jim” Lane. “I am excited to see them create new quality jobs in the city and look forward to their continued growth.”

“Scottsdale is a magnet for market-leading companies and innovators seeking growth as well as the ability to access Arizona’s pool of skilled and available talent, and we welcome them to Arizona,” said Sandra Watson, president and CEO of Arizona Commerce Authority. “Stonegate Mortgage’s

expansion to Scottsdale will help to propel its corporate success and bring more jobs to Arizonans. Our state’s strategic Southwest location, proximity to key regional growth markets, and competitive cost of doing business create advantages that are attracting leading companies to Arizona which continue to fuel our long-term economic development.”“It is great news to hear Stonegate Mortgage Corporation will be opening new offices in Scottsdale,” said Barry Broome, CEO and president of the Greater Phoenix Economic Council. “Scottsdale continues to attract great businesses as a result of its business-friendly atmosphere, its dedicated economic

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