Stonegate Plans National Retail Expansion

Stonegate Mortgage hired an executive who previously ran a Wall Street lending platform to lead a national expansion of its retail channel.

Were looking to acquire retail originators, says Jim Cutillo, CEO of the publicly traded company, in an interview with this publication.

Jeff Walton, president of retail lending for Stonegate, previously headed Bear Stearns lending unit and more recently served as president National Residential Mortgage, a unit of Heartland Financial Co.

He also was president of the mortgage divisions of First National Bank of Arizona and First National Bank of Nevada.

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