Stonegate CEO Jim Cutillo abruptly leaves company

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Stonegate Mortgage Corp., an Indianapolis-based publicly traded mortgage company focused on originating, financing and servicing residential mortgage loans, has appointed Richard A. Kraemer as interim CEO, effective Sept. 10, and James V. Smith as president and chief operating officer (coo), effective Sept. 3, as company founder and CEO Jim Cutillo has announced his resignation.

Thanks to a recent successful round of financing, online lender Social Finance, which recently expanded beyond its student loan refinancing products and moved into mortgage lending, is now one of the country’s 30 largest banks.

LoanLogics names new CEO LoanLogics has announced that its president and COO, Bill Neville, will take over the role of CEO from Brian Fitzpatrick. LoanLogics Founder and Chairman Howard Conyack Jr. said Neville’s leadership will help drive the company’s technology development and innovation.

Now if you throw greedy execs into the mix, you get turmoil such as Enron and Martha, etc. The golden parachutes these top people get when they leave a company are immoral but they are approved by you.

Indianapolis-based Stonegate Mortgage Corp. (NYSE:SGM) has named an interim chief executive officer to succeed founder and CEO Jim Cutillo. Richard Kraemer, who will also continue as chairman of th.

Back in August 2015, Stonegate Founder and former CEO Jim Cutillo abruptly announced he was leaving the company, serving only as a consultant over the next six months to facilitate his transition. Via

Stonegate Mortgage named James Smith as its CEO and president effective immediately after the position was abruptly left vacant last september. stonegate founder and former CEO Jim Cutillo.

While the timing of when interest rates will rise is still in question, according to one chief economist, the housing market will not be devastated by the impact.

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We have one acquired Stonegate credit of about $8 million that did not sell this quarter. The loan is — we thought we had it sold, the loan is both classified and specifically reserved, and the.

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