Stonegate Mortgage Corporation has announced the hiring of Erik Sorensen as senior vice president of capital markets. Erik will report directly to Dan Bettenburg, president of Stonegate Mortgage and will be responsible for leading Stonegate’s secondary marketing group. Erik joins the company from Sorensen Consulting where he has focused on helping lenders improve their secondary marketing functions since 2009. Erik also held a number of executive roles during his 25 year tenure at Irwin Financial Corporation including senior vice president–capital markets and corporate development at Irwin Home Equity, president of Irwin Reinsurance and senior vice president capital markets at Irwin Mortgage.
“With his extensive experience on the capital markets side of residential real estate, Erik will help our team by improving our secondary marketing business," said Bettenburg. "This is an important part of our growth strategy and ensuring the continued success of our business."
Stonegate recently announced that it has raised $115 million in a private offering of its common stock. FBR Capital Markets & Company acted as the sole initial purchaser and placement agent.