Founded in 2005, Stonegate Mortgage (NYSE: SGM) is a leading, non-bank, integrated 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 wholly owned operating subsidiary, NattyMac LLC. 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.
Stonegate Mortgage derives revenue from three principal sources: mortgage origination, mortgage financing and mortgage servicing.
Our mortgage origination business generates income primarily through origination fees and gains upon the sale of mortgage loans sourced through our correspondent, wholesale and retail channels.
We also provide financing to our correspondent customers and others while they are accumulating loans prior to selling them to Aggregators, including ourselves, through our mortgage financing business and we earn interest and fee income for these services.
We also have the ability to retain the MSRs on the loans we sell and to create a recurring servicing income stream in our mortgage servicing business.
We believe our three business lines are complementary and provide us with the ability to effectively and efficiently source, finance, sell and service mortgage loans.