Stonegate Mortgage Corporation is a mortgage company focused on originating, financing and servicing U.S. residential mortgage loans. The Company also provides financing through its fully integrated warehouse lending platform, NattyMac. Stonegate Mortgage Corporation was acquired by Home Point Financial. 

Type
Subsidiary
HQ
Indianapolis, US
Founded
2005
Stonegate Mortgage was founded in 2005 and is headquartered in Indianapolis, US
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Stonegate Mortgage Office Locations

Stonegate Mortgage has an office in Indianapolis
Indianapolis, US (HQ)
300 9190 Priority Way W Dr
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Stonegate Mortgage Financials and Metrics

Summary Metrics

Founding Date

2005

Stonegate Mortgage Financials

Stonegate Mortgage's revenue was reported to be $78.21 m in FY, 2016 which is a 57.2% decrease from the previous period.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

157.9 m185.6 m182.7 m78.2 m

Revenue growth, %

18%(2%)(57%)

Interest expense

14.4 m

Interest income

16.8 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

87.4 m34.9 m5 m26.5 m66.3 m32.6 m

Operating expense total

69 m68.4 m44.3 m43.6 m50.4 m37.1 m

Interest expense

8.3 m8 m7.2 m6.8 m6.5 m4.6 m

Pre tax profit

15.9 m
Annual
USDFY, 2013FY, 2015FY, 2016

Cash

43.1 m32.5 m26.3 m

PP&E

12.6 m22.9 m14.8 m
Quarterly
USDQ3, 2013Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

24.6 m48.5 m40.5 m29.5 m30.5 m23.2 m22.5 m

PP&E

7.9 m22.1 m23.8 m21.1 m18.5 m

Total Assets

748.9 m1.6 b1.5 b1.3 b1.2 b1.4 b1 b

Accounts Payable

22.8 m38.6 m38.5 m21.9 m22.8 m26.2 m15.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

22.6 m(30.7 m)(22.3 m)

Depreciation and Amortization

2.2 m5.2 m8.8 m10.1 m

Accounts Payable

16.7 m(3.7 m)(6.4 m)2.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

20.5 m(7.9 m)(7.6 m)(9.3 m)(11.1 m)15 k(22.8 m)(37.5 m)(54.7 m)(39.1 m)

Depreciation and Amortization

1.4 m1.1 m2.3 m3.7 m1.8 m3.6 m6.5 m2.5 m5.3 m7.5 m2.5 m

Accounts Payable

4.5 m(7.7 m)4 m3.4 m3.8 m7.8 m7.8 m640 k(2.4 m)2.5 m(8 m)

Cash From Operating Activities

(354 m)(199.5 m)(544.7 m)(600.4 m)(6 m)(35.8 m)43.6 m(45.8 m)(36.3 m)(181.5 m)124.2 m
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Stonegate Mortgage News and Updates

Home Point Financial completes Stonegate Mortgage acquisition

Home Point Financial Corp.’s $211 million acquisition of Stonegate Mortgage Corp. is now complete, as disclosed in a filing with the Securities and Exchange Commission. As a result of the deal, Stonegate is now wholly owned direct subsidiary of Home Point. Here's all the details.
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