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Area Development - Site Selection, Facility Planning and Workforce Development

Stonegate Mortgage Corp. To Establish Regional Headquarters In The Tampa Bay, Florida, Region

02/20/2014
Stonegate Mortgage Corporation, an Indiana-based financial firm focused on the U.S. residential mortgage market, will expand operations and establish a regional headquarters in the Tampa Bay area at Cardinal Point in Pinellas County, Florida.

Governor Rick Scott said, “It is great news that Stonegate Mortgate Corporation will create 139 jobs for families in Pinellas County. We are continuing to build an opportunity economy in Florida and our commitment to lower taxes and fees will help Florida families and businesses succeed and invest in their future.”

Stonegate currently has 75 staff members in Florida. The company plans to hire an additional 139 employees in Florida by the end of 2016. The projected salaries could result in an economic impact of $10.5 million, and the company plans a capital investment in Pinellas of over $920,000, the Governor’s Office said.

“We’ve grown Stonegate by hiring a dedicated and talented group of people who are committed to providing the best possible service to our customers,” said Jim Cutillo, CEO/Founder of Stonegate Mortgage. “Pinellas County offers us access to a workforce with the skills we need and the ideal business climate to grow our operations.”

The impact of the financial and professional services sector in Florida cannot be overstated,” said Secretary of Commerce and president and CEO of Enterprise Florida, Gray Swoope. “Companies like Stonegate Mortgage are not only growing in our state but expanding and growing here. It’s great for our state overall, but especially for professionals in the finance, insurance, and professional fields, which already represent 12 percent of the state’s employment.”

“We are excited that Stonegate Mortgage Corporation will expand their company in Pinellas County and create 139 new jobs for Florida families,” said Florida Department of Economic Opportunity Executive Director Jesse Panuccio. “Stonegate Mortgage Corporation is taking advantage of Florida’s strong financial services workforce and we look forward this company growing in our state.”

“Stonegate Mortgage’s selection of Pinellas as the location for its regional headquarters is exciting news. We’re honored and ready to assist with their expansion plans in Tampa Bay,” said Mike Meidel, Director of Pinellas County Economic Development.

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