Stonegate Mortgage Corporation has announced the hiring of Paul Wyner as senior vice president of third-party origination. Wyner will be responsible for leading Stonegate’s wholesale and correspondent channels. Prior to joining Stonegate, Wyner was a senior vice president/division manager for Flagstar Bank for the past five years and a regional manager for InterFirst/ABN AMRO for 12 years. He will be based out of Chicago and will report to Executive Vice President of Loan Origination Steve Landes.
“Paul is a great addition to the wholesale and correspondent lending channels at Stonegate," said Landes. "We have experienced tremendous growth over the past four years, and Paul’s leadership will be instrumental as we expand to a national footprint in the coming months. His 17 years of senior level leadership at Flagstar Bank and InterFirst in their third party origination channels will be invaluable to the Stonegate team."
Wyner’s role will be vital as Stonegate continues to expand in its third-party origination channel. Stonegate recently completed a $25 million private equity deal with Long Ridge Equity Partners to fuel its rapid growth and has since increased its revenue by 340 percent, as well as its servicing portfolio by 235 percent in 2012, which has been driven by the wholesale and correspondent channels. Stonegate also announced in 2012 a channel focused on depository institutions and intends to become a non-bank aggregator. It will continue to build on the growth in its servicing portfolio and provide a best-in-class customer experience.