Stonegate Mortgage has hired former GMAC RFC capital markets executive Eric Scholtz as the point man for a new jumbo loan conduit.
According to the
“We’re obviously positioned with this hire and several other key hires that are coming…to bring a nonagency product to the market in 2013,” Stonegate founder and CEO Jim Cutillo told this publication, noting that the company plan is to by the third quarter have “not only a product but a securitization shelf established.
“We’ve been strategically positioning ourselves for this product since last year,” he said, noting that the company’s