INDIANAPOLIS--(BUSINESS WIRE)--Stonegate Mortgage Corporation (NYSE: SGM), a leading, publicly-traded mortgage company announced today the introduction of its new Third Party Origination (TPO) portal called TPO Connect. As the first external release of its Stonegate Connect product, TPO Connect will offer third party originators greater access and control over their loans, increasing efficiency, reducing cost and risk, while maximizing their profits.
Stonegate Connect’s proprietary platform allows investors to participate with indirect access and transparency in the residential real estate market. TPO Connect represents the beginning of Stonegate Mortgage’s overall product strategy for its Connect platform, aligning third party originators with investors.
“TPO Connect offers new features that make it easier for clients to manage their pipeline and to view individual loans by their current status,” said R. Douglas Gilmore, Chief Information Officer for Stonegate Mortgage and one of the lead architects of Stonegate Connect. “We sought client input to design a custom product that effectively meets their needs. We are forming a client product council in order to continually enhance the functionality of TPO Connect as market changes dictate.”
TPO Connect simplifies the loan submission process from origination to closing and purchase of the loan. Clients are now able to view individual loans at each status level, with loan information that is accessible from any location within the portal. This will ultimately drive higher loan quality control and risk reduction, resulting in new levels of transparency for investors and originators. Delegated correspondents will see a streamlined process, with automated diligence and improved time to purchase. The product was designed to be dynamic across all mobile devices.
Jim Cutillo, CEO of Stonegate Mortgage noted, “We are excited for the external launch of this transformational product in the mortgage space. It establishes Stonegate as a leader in bringing private capital investment back to the residential real estate market. In an industry focused on the consumer, TPO Connect goes one step further, connecting originators with investors.”
About Stonegate Mortgage Corporation
Founded in 2005, Stonegate Mortgage Corporation (NYSE: SGM) is a leading, publicly-traded mortgage company that originates, finances and services agency and non-agency residential mortgages through its network of retail offices and approved third party originators. Stonegate Mortgage also provides financing through its fully integrated warehouse lending platform, NattyMac. Stonegate Mortgage's operational excellence, financial strength, dedication to customer service and commitment to technology have positioned the firm as a leading provider in the emerging housing finance market.
For more information on Stonegate Mortgage Corporation, please visit www.stonegatemtg.com.
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