Stonegate Mortgage Corporation, a mortgage company, opened its new 12,000 square foot office center in Scottsdale, Arizona’s Gateway II development, with plans to eventually bring 90 jobs to the region.

“We hope that Scottsdale will be a new vital hub for Stonegate,” said Stonegate founder and CEO Jim Cutillo, “With new space and new opportunities, we are confident that Scottsdale and the greater Phoenix area will be great partners as we continue to build our national retail presence and expand third party organizations.”

“I am thrilled that Stonegate is coming to Scottsdale where we will eventually bring more than 90 jobs to the area,” said Jeff Walton, President of Retail Lending at Stonegate Mortgage. “Stonegate has grown by hiring a committed group of people who are dedicated to providing the best possible service to our customers and Scottsdale offers us access to a community with the skills we need and the ideal business climate to grow our operations.”

“The announcement by Stonegate Mortgage to make Scottsdale home to one of its new primary corporate locations speaks to our many business advantages for the industry,” said Mayor W.J. “Jim” Lane. “I am excited to see them create new quality jobs in the city and look forward to their continued growth.”

“Scottsdale is a magnet for market-leading companies and innovators seeking growth as well as the ability to access Arizona’s pool of skilled and available talent, and we welcome them to Arizona,” said Sandra Watson, President and CEO, Arizona Commerce Authority. “Stonegate Mortgage’s expansion to Scottsdale will help to propel its corporate success and bring more jobs to Arizonans. Our state’s strategic Southwest location, proximity to key regional growth markets, and competitive cost of doing business create advantages that are attracting leading companies to Arizona which continue to fuel our long-term economic development.”

Mike Draper, Economic Development Director with site selection firm BT Project Point assisted Stonegate Mortgage in finding the best location for this operation. “Scottsdale is not only an attractive travel and tourist destination, but also a great place to locate a business. It has been a pleasure to work together with The City of Scottsdale’s Economic Development team. The staff is knowledgeable, resourceful and extremely business friendly,” said Draper.

To assist Stonegate Mortgage in its Arizona expansion, the Industrial Development Authority of the City of Scottsdale offered support for recruitment of local employees through job training assistance funds. “We are excited to be able to put fee revenue from private bond issuances back to work in the local community in support of economic development,” said Marc Grayson, IDA Board President.