INDIANAPOLIS--(BUSINESS WIRE)--Stonegate Mortgage Corporation, one of the nation’s largest independently-owned mortgage lenders and servicers, announced today the hiring of Stephen M. Pawlyshyn, Vice President of Non-Agency Trading. He will report to Eric Scholtz, Executive Vice President of Structured Finance.
Mr. Pawlyshyn is a capital markets executive with over 18 years’ experience in pricing and trading mortgage and asset-backed securities. Prior to joining Stonegate Mortgage, he served in a number of positions at GMAC RFC, most recently as Senior Vice President, Managing Director and Head of Non-Agency MBS/ABS Trading where he was responsible for the pricing, acquisition, hedging and sale/investment of $85 billion in annual volume in non-agency mortgage loans. Prior to that, he served as Vice President, Managing Director and Head Trader for Non-Agency Prime Product.
“We are excited to have Stephen join the Stonegate Team,” said Jim Cutillo, CEO and founder of Stonegate Mortgage. “His past experience and expertise in non-agency trading will further expand Stonegate Mortgage’s authority in this area. With Eric Scholtz, our new Executive VP of Structured Finance, Stephen will help lead the growth of our jumbo loan conduit, which will enhance the development of loan solutions for consumers, third party originators and investors, ensuring the loans meet the recently released QM standards.”
Mr. Pawlyshyn is a graduate from the University of St. Thomas with a B.A. in Finance.
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. The firm hired Mr. Scholtz in February 2013 to lead the launch of its jumbo loan conduit, which includes the development of jumbo loans for consumers as well as the packaging of those loans for investment. Stonegate Mortgage’s approach to compliance, credit and collateral provides a unique platform that is a compelling advantage over other providers of mortgage finance offerings.
In September 2012, Stonegate Mortgage acquired NattyMac, a leading warehouse lender, from Guggenheim Partners. By adding the NattyMac warehouse platform and its processes, the company has created an integrated warehouse and loan sale solution for its clients and has expanded the platform by offering servicing flow transactions for Fannie, Freddie and Ginnie Mae eligible loans.
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.