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Home » Store » Profitability » Stonegate Sees Growth in Retail, Purchase Loans

Stonegate Sees Growth in Retail, Purchase Loans

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Profitability

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Officials at Stonegate Mortgage suggest that the nonbank is primed for growth with plans to acquire a number of small originators that focus on purchase-mortgage production. Stonegate completed its initial public offering of stock in October and raised more than $220 million in equity capital this year, including $124 million from the IPO. Stonegate refers to its growth strategy as “retail tuck-in acquisitions.” The nonbank recently hired a management team to oversee the acquisition of lenders ...
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