Stonegate Mortgage Corp., Fishers, Ind., this week hired industry veteran Dan Bettenburg as its new president.
Previously, he worked at GMAC/Residential Funding Corp., where he served as executive vice president and senior managing director. (GMAC/RFC is an affiliate of Ally Financial.)
At RFC Bettenburg was in charge of wholesale production, which was done through Homecomings Financial. He also was responsible for its Assetwise automated underwriting engine when he was executive vice president of e-commerce and business technology.
Bettenburg said in a statement, "We are well-positioned to continue to grow our market share and expand into new markets. Our production is up over 40% from last year and we have only begun to leverage our technology and servicing platforms."
Stonegate was founded in 2005 and has retail branches in Indiana, Kansas, Kentucky, Missouri and Ohio. It also acquires wholesale and correspondent loans in 16 mid-western states and services as well.
