Stonegate Mortgage Adds on Warehouse Lender NattyMac
September 10, 2012
Stonegate Mortgage, a PE-backed mortgage lender and service provider, has acquired warehouse lender NattyMac from Guggenheim Partners. As part of the deal, the entire staff of NattyMac will transition to Stonegate and the company will open a regional operations center to support the increasing loan volume. Earlier this year, Long Ridge Equity Partners provided Stonegate with $25 million in development capital to fund deals such as this. Stonegate also has backing from Second Curve Partners.