Stonegate Mortgage Appoints Robert Meachum as Executive Vice President of Servicing

INDIANAPOLIS--(BUSINESS WIRE)--Stonegate Mortgage Corporation, one of the nation’s largest independently-owned mortgage lenders and servicers, announced today the hiring of Robert Meachum, Executive Vice President of Servicing. He will report to Dan Bettenburg, President of Stonegate.

“His experience and expertise in large-scale servicing will further expand Stonegate’s capabilities in this critical aspect of our business. Robert will lead the development of an industry-leading servicing platform for Stonegate, including both agency and non-agency servicing and the acquisition of mortgage servicing rights on a flow basis.”

Mr. Meachum is a servicing executive with over twenty years of experience in the mortgage industry. Before joining Stonegate, Mr. Meachum worked at Homeward Residential where he served as Senior Vice President, Subservicing and Special Servicing. He was responsible for Homeward's fee-based servicing, which included sub and special servicing as well as business development.

Prior to working at Homeward Residential, Mr. Meachum worked at Saxon Mortgage as Executive Director. He managed the operational credit risk of Saxon's $37 billion servicing portfolio where he developed the business strategy and provided key leadership for the turnaround of Saxon's servicing platform. Meachum also served as Managing Director and Senior Vice President of Servicing and Consumer Originations at GMAC-Rescap Homecomings, where he led the management of over $100 billion in mortgage servicing.

“We are excited to have Robert join the Stonegate executive team,” said Jim Cutillo, CEO and founder of Stonegate Mortgage. “His experience and expertise in large-scale servicing will further expand Stonegate’s capabilities in this critical aspect of our business. Robert will lead the development of an industry-leading servicing platform for Stonegate, including both agency and non-agency servicing and the acquisition of mortgage servicing rights on a flow basis.”

Mr. Meachum graduated from Southern Methodist University in Dallas, TX.

Stonegate Mortgage has intensified its focus on providing mortgage finance solutions to financial institutions, adding strategic assets and people to further develop their offerings and enhance their relationships across the mortgage industry.

Stonegate Mortgage followed that announcement in November with an agreement with Community Bank Mortgage LLC, a subsidiary of the American Bankers Association, to become its newest secondary market investor enabling Community Bank Mortgage LLC owner banks to sell loans on a “servicing-released” basis to Stonegate Mortgage with competitive pricing as well as access to the company’s full line of mortgage finance products.

Stonegate Mortgage announced its plans to expand its third party originations and servicing portfolio and build its financial institutions channel after completing a private equity transaction with Long Ridge Equity Partners, a New York-based private investment firm in March 2012.

About Stonegate Mortgage Corporation

Stonegate Mortgage Corporation is one of the largest independent mortgage lenders and servicers in the U.S. Backed by Long Ridge Equity Partners, a New York based private investment firm, Stonegate Mortgage originates, acquires and retains mortgage servicing rights through a network of retail branches and approved third party originators. With its acquisition in September 2012 of NattyMac, a warehouse lender from Guggenheim Partners, Stonegate Mortgage has created an integrated warehouse and loan sale solution for its clients to ensure that independent mortgage bankers have access to warehouse financing, liquidity for their agency loans and a mortgage servicer with an intense focus on delivering a superior customer experience. The firm is committed to sustainable growth in its business by providing its clients and financial institutions with dependable financing solutions that will enable qualified home buyers to purchase or refinance their homes in an efficient, effective and reliable manner.

For more information on Stonegate Mortgage Corporation, please visit stonegatemtg.com.