Stonegate Mortgage Corporation Hires Pamela Starr as New Director of Operations

INDIANAPOLIS, IN--(Marketwire - October 31, 2008) - Stonegate Mortgage Corporation is pleased to announce the hiring of Pamela Starr as their new Director of Operations.

Prior to joining Stonegate Mortgage, Ms. Starr managed sales and operations at First Horizon (Met-Life) and Sovereign Bank. Ms. Starr will be responsible for Stonegate's retail processing, underwriting, closing, funding, and post-closing operations.

"If you have been in the mortgage business in Indianapolis (or the mid-west), you know the name, Pam Starr," stated Stonegate President, Jim Cutillo.

"Stonegate has been fortunate to be able to attract not only the best loan officers, but the best operations people in the business, Pam is no exception," said Steve Landes, Executive Vice President of Stonegate Mortgage. "Pam's retail and wholesale experience will be valuable as we grow both channels in 2009," said Landes.

About Stonegate Mortgage Corporation

Stonegate Mortgage Corporation, headquartered in Fishers, Indiana, is one of the fastest growing mortgage lenders in the mid-west with retail offices in Indianapolis, Indiana, Kansas City and St. Louis, Missouri. Stonegate Mortgage does business on a retail and wholesale basis throughout the mid-west.

More offices are planned for 2009 in Kentucky, Tennessee and Nebraska. For more information about Stonegate Mortgage Corporation, go to www.stonegatemtg.com.

Contact Information: Inquiries, Contact: Jim Cutillo President Stonegate Mortgage Corporation 317.570.0450 www.stonegatemtg.com