LENEXA, KS--(MARKET WIRE)--Oct 31, 2008 -- Stonegate Mortgage Corporation opened a retail facility in Lenexa, KS in May of 2008. The company now employs 17 full-time originators in the Kansas City market, and announces the opening of a new location in Oak Grove, MO to service the lending needs of Jackson County.

The company has employed Lori Caldwell to originate full-time in western Missouri from the new branch facility. Stonegate Mortgage Corporation is a full service mortgage bank, underwriting and closing its own loans. The company has a long history of assisting consumers with the purchase of their primary residence. The company currently operates branches in the following locations: three in the Indianapolis, IN market, one in Lenexa, KS, one in South Bend, Indiana, and one in St. Louis, MO. The addition of Caldwell to the company is expected to generate another $25,000,000 in annual loan production.

"Lori is an outstanding addition to the Stonegate team," said Steve Landes, EVP of Stonegate Mortgage Corporation, and local mortgage leader in the Kansas City market for over 17 years. "Stonegate tends to focus on purchase transactions, and specifically FHA loans. Lori brings a strong experience level to our company in these two areas, and a great realtor following in western Missouri. I look forward to watching her grow her production under our mortgage banking platform."

About Stonegate Mortgage Corporation

Stonegate Mortgage Corporation is an Indianapolis, IN based company, specializing in lending throughout the Midwestern United States. The company is growing aggressively in the midst of what is a perceived financial crisis, due to the ability to recruit and retain lending officers in a contracting competitor environment.

For more information about Stonegate Mortgage Corporation, go to www.stonegatemtg.com.

     Inquiries, Contact:
     Steve Landes
     Executive Vice President
     Stonegate Mortgage Corporation
     913.432.3917
     Email Contact
     http://www.stonegatemtg.com