Stonegate CEO Jim Cutillo abruptly leaves company

[X] Jim Cutillo, founder and chief executive of Stonegate Mortgage Corp., plans to resign next week, and the company has appointed a temporary CEO until it finds a permanent successor. The surprise departure prompted analyst speculation that the Indianapolis-based company might be preparing to put itself up for sale.

Joining me today is Jim Cutillo, Stonegate’s CEO, and Rob Eastep, Stonegate’s CFO. Financial results that will be discussed on today’s call and located in the press release are unaudited.

As announced by Ameris Bancorp in a news release and in a regulatory filing published on Monday, July 1, 2019, Dennis J. Zember has left his post as Chief Executive Officer at the bank holding company after less than one year in the role, effective June 27, 2019.

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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.

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.

IU says Stonegate CEO did not earn Kelley degree. October 15, While Cutillo’s company bio says he graduated from IU, that assertion does not appear to have made its way into public filings.

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Delays push foreclosures to 40-month low in April The county in April announced. Although market conditions are expected to improve in the coming years, people who went through foreclosure won’t be able to buy homes again for seven to 10 years,

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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.