Stonegate Mortgage Appoints Jennifer Pressley Vice President of Internal Audit

Business Wire

INDIANAPOLIS--(BUSINESS WIRE)--

Stonegate Mortgage Corporation (SGM), a leading, publicly-traded mortgage company, announced today that Jennifer Pressley has been appointed to the role of Vice President of Internal Audit to formulate and execute the internal audit plan and long-term strategy related to financial and operational compliance. In this role, she will be responsible for risk management and control framework enhancements to all channels and departments. She reports directly to Rich Mirro, Chairman of the Audit Committee, and administratively reports to Barb Cutillo, Chief Administrative Officer of Stonegate Mortgage.

Commenting on Ms. Pressley, Barb Cutillo said, “With a wealth of experience and leadership in large, national organizations, Jennifer possesses the ideal skills, relationships, and perspective to allow her to effectively support the Audit Committee. Through her strategic vision related to financial, operational and specifically Sarbanes-Oxley related compliance, as well as her oversight of standards and regulations, Jennifer will continue to further our efforts as a leader in the mortgage industry.”

Ms. Pressley brings two decades of experience in auditing (both external and internal) and financial reporting. She previously served as Vice President and Chief Accounting Officer, OneAmerica Financial Partners, Inc., while simultaneously serving as Treasurer of OneAmerica Fund, Inc. and OneAmerica Foundation. In these roles, she oversaw financial reporting, including SEC reporting for OneAmerica’s broker-dealer and proprietary mutual funds, as well as all corporate accounting operations. Ms. Pressley also managed investment accounting operations for over $15 billion in invested assets. Her efforts directly contributed to the successful acquisition of a $6 billion block of 401 (k) business.

Prior to joining OneAmerica, Ms. Pressley was a Senior Manager – Assurance and Business Advisory Services for PricewaterhouseCoopers. In more than 10 years with that leading accounting firm, she was responsible for the oversight and execution of audits for SEC registrant and private companies and executed all phases of the financial audit process including planning, testing under Sarbanes-Oxley, substantive testing, including in depth analytical procedures, financial reporting/analysis, SEC reporting and regulatory reporting under statutory accounting principles.

“I am excited to join Stonegate and to contribute to their efforts as a leader in the mortgage industry,” said Ms. Pressley. “Their innovative strategy and execution truly make them stand out in the industry; I am happy to be a member of the team.”

Ms. Pressley is a certified public accountant and a member of the Stanley K. Lacy Executive Leadership Series Class XXXVII.

About Stonegate Mortgage Corporation

Founded in 2005, Stonegate Mortgage Corporation (SGM) is a leading, publicly-traded mortgage company that originates, finances and services agency and non-agency residential mortgages through its network of retail offices and approved third party originators. Stonegate Mortgage also provides financing through its fully integrated warehouse lending platform, NattyMac. Stonegate Mortgage's operational excellence, financial strength, dedication to customer service and commitment to technology have positioned the firm as a leading provider in the emerging housing finance market.

For more information on Stonegate Mortgage Corporation, please visit www.stonegatemtg.com.

Forward Looking Statements

Various statements contained in this earnings release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. These forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenues, income and capital spending. Our forward- looking statements are generally accompanied by words such as "estimate," "project," "predict," "believe," "expect," "intend," "anticipate," "potential," "plan," "goal" or other words that convey the uncertainty of future events or outcomes. The forward-looking statements in this earnings release speak only as of the date of this earnings release; we disclaim any obligation to update these statements unless required by law, and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. These and other important factors, including those discussed in the "Risk Factors" section within our 2013 Annual Report on Form 10-K filed on March 14, 2014, may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Contact:
Media Contact:
Sloane & Company (on behalf of Stonegate Mortgage Corporation)
Whit Clay, 212-446-1864
wclay@sloanepr.com
or
Investor Contact:
Stonegate Mortgage Corporation
Michael McFadden, 317-663-5904
michael.mcfadden@stonegatemtg.com
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