Introduction:
Stonegate Mortgage Corporation, a non-bank mortgage company, focuses on originating, financing, and serving residential mortgage loans in the United States. The company operates through three segments: Originations, Servicing, and Financing. The Originations segment originates and sells residential mortgage loans through correspondent, wholesale, and retail channels. Its products include government mortgage loans, prime conforming mortgage loans, prime non-conforming mortgage loans, and non-agency loans. The Servicing segment performs loan administration, collection, and default activities, including the collection and remittance of loan payments, responding to customer inquiries, accounting for principal and interest, holding custodial funds for the payment of property taxes and insurance premiums, counseling delinquent mortgagors, modifying loans, and supervising foreclosures and its property dispositions. The Financing segment underwrites the warehouse lines of credit for correspondent originators and customers who do not sell loans to its Originations segment. The company was founded in 2005 and is headquartered in Indianapolis, Indiana.