Stonegate Mortgage Corporation Hires Dan Bettenburg as President

FISHERS, Ind., June 17, 2011 /PRNewswire/ — Stonegate Mortgage Corporation
announced today that it has hired Dan Bettenburg as President. Prior to joining
Stonegate, Bettenburg was Executive Vice President and Senior Managing Director
at GMAC – Residential Funding Corporation (RFC) where he was employed for over
17 years.

While at GMAC-RFC, Bettenburg was responsible for Homecomings Financial -
Wholesale and led its growth in loan origination volume from $14 billion per
year to over $28 billion per year, ranking Homecomings as the #12 wholesale
mortgage originator in 2008. He was also responsible for the design, development
and implementation of Assetwise, GMAC-RFC’s industry-leading automated loan
decisioning engine, as well as a complete suite of business-to business
eCommerce tools that automated and streamlined transactions between GMAC-RFC and
its broker and correspondent lender clients.

“I am excited to join the Stonegate team,” said Bettenburg. “What they have
accomplished over the past three years is exceptional, especially given the
state of the economy and the mortgage industry in particular. We are
well-positioned to continue to grow our market share and expand into new
markets. Our production is up over 40% from last year and we have only begun to
leverage our technology and servicing platforms.”

“Dan has a demonstrated track record of success managing sales, operations and
technology in a fast-paced, growth-oriented culture, and you don’t often see
that combination in our business,” said Jim Cutillo, Chief Executive Officer of
Stonegate Mortgage.

AboutStonegate MortgageCorporation

Founded in 2005, Stonegate Mortgage Corporation is one of the top 25
independently-owned mortgage servicers in the United States and is a leading
originator of government-sponsored enterprise (GSE) and government-insured (FHA,
VA and USDA) loans. Stonegate assists clients in purchasing and refinancing
homes through a variety of mortgage products, and also acquires wholesale and
correspondent loans in 16 mid-western states. Retail branch locations include
Fishers, Greenwood and Avon, IN, Overland Park, KS, Louisville, KY, Lee’s
Summit, MO, and Columbus and Mansfield, OH.

For more information about Stonegate Mortgage Corporation, go to
www.stonegatemtg.com.

CONTACT:
Jay Waddell
jwaddell@stonegatemtg.com
(913) 890-4402

SOURCE Stonegate Mortgage Corporation