Stonegate CEO Jim Cutillo abruptly leaves company

Stonegate CEO Jim Cutillo abruptly leaves company Posted August 31, 2015 / No comments Stonegate Mortgage Founder and CEO Jim Cutillo announced he is abruptly leaving the company effective sept. 10, 2015, serving only as a consultant over the next six months to facilitate his transition.

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Home Point Buys Stonegate; Citi Bails on Servicing Biz; Demographics Helping Lenders. Stonegate’s current HQ is in Indianapolis, did $2.62 billion in volume in the 3 rd quarter of 2016, up 12% from the prior quarter, and total origination revenues reaching $51.8 million, up 35% from the prior quarter. It’s been a year and a half since Stonegate’s founder and former CEO jim cutillo abruptly announced he was leaving the company.

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Stonegate finds success in mortgage niche. The timing didn’t look good for Stonegate Mortgage Corp. in early October as CEO Jim Cutillo talked up the company’s initial public offering. For seven of the 10 days of Cutillo’s road show with potential investors and stock analysts, U.S. stock markets dipped. Even worse,

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Stonegate Mortgage (NYSE: SGM) announced that Richard A. Kraemer, has been named Interim CEO of the company. Mr. Kraemer is replacing Jim Cutillo, who has resigned from the company effective.

Pat Wollohan introduces Jim Cutillo from Stonegate Stonegate’s current HQ is in Indianapolis, did $2.62 billion in volume in the 3 rd quarter of 2016, up 12% from the prior quarter, and total origination revenues reaching $51.8 million, up 35% from the prior quarter. It’s been a year and a half since Stonegate’s founder and former CEO Jim Cutillo abruptly announced he was leaving the company.