Stonegate CEO Jim Cutillo abruptly leaves company

Stonegate Mortgage ( SGM) 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. The lender named richard Kraemer as interim CEO until the search for a permanent CEO with.

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Stonegate Mortgage Corporation has announced that Richard A. Kraemer has been named interim CEO of the company, replacing jim cutillo, who has resigned from the company effective Sept. 10. Cutillo will be assisting Stonegate as a consultant to facilitate his transition from the company over the next six months.

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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.

Stonegate CEO Jim Cutillo abruptly leaves company. 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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One other peculiarity worth noting about management is the prominent role Barbara Cutillo has played at Stonegate since its founding. Mrs. Cutillo, who happens to be the wife of CEO/Co-Founder Jim.

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But yes, from a money perspective it is a good time to be a mortgage origination company, and the government & regulators continue to install hurdles against new companies. When in doubt, attend.

Founded in 2005 by CEO Jim Cutillo, Stonegate is a non-bank mortgage lender and servicer. It acquires loans on retail, wholesale and correspondent basis through a network of retail branches and.

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.

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.