Stonegate Mortgage Corporation has announced the addition of Stephen M. Pawlyshyn as vice president of non-agency trading. He will report to Eric Scholtz, executive vice president of structured finance. Pawlyshyn is a capital markets executive with over 18 years’ experience in pricing and trading mortgage and asset-backed securities. Prior to joining Stonegate Mortgage, he served in a number of positions at GMAC RFC, most recently as senior vice president, managing director and Head of Non-Agency MBS/ABS Trading where he was responsible for the pricing, acquisition, hedging and sale/investment of $85 billion in annual volume in non-agency mortgage loans. Prior to that, he served as vice president, managing director and head trader for Non-Agency Prime Product.
“We are excited to have Stephen join the Stonegate Team,” said Jim Cutillo, CEO and founder of Stonegate Mortgage. “His past experience and expertise in non-agency trading will further expand Stonegate Mortgage’s authority in this area. With Eric Scholtz, our new Executive VP of Structured Finance, Stephen will help lead the growth of our jumbo loan conduit, which will enhance the development of loan solutions for consumers, third party originators and investors, ensuring the loans meet the recently released QM standards.”
Stonegate Mortgage has intensified its focus on providing mortgage finance solutions to financial institutions adding strategic assets and people to further develop their offerings and enhance their relationships across the mortgage industry. The firm hired Scholtz in February 2013 to lead the launch of its jumbo loan conduit, which includes the development of jumbo loans for consumers as well as the packaging of those loans for investment. Stonegate Mortgage’s approach to compliance, credit and collateral provides a unique platform that is a compelling advantage over other providers of mortgage finance offerings.