Indianapolis mortgage lender adding up to 400 jobs

INDIANAPOLIS - An Indianapolis-based mortgage company plans to expand its headquarters and create up to 400 new jobs by 2017, state officials said Tuesday.

Stonegate Mortgage Corp. will invest $6.2 million to lease, renovate and equip an additional 21,000 square feet of space in a Carmel office park near its Indianapolis headquarters, according to the Indiana Economic Development Corp. The state agency offered the lender up to $4.8 million in conditional tax credits and up to $161,250 in training grants based on the company's job creation plans.

Stonegate, founded in 2005, currently employs more than 1,100 employees, including more than 400 in Indiana. The latest expansion is Stonegate's second in recent years. In 2010, it announced plans to add 300 new central Indiana jobs by 2015, a goal the lender exceeded by December, the IEDC said.

"We accomplished our goal of early, so we decided to continue to add and build here," said Jim Cutillo, founder and CEO of Stonegate.

The new positions will be in administration, support and sales, company officials said. Salaries for new employees in non-sales jobs will average about $50,000 to $55,000 per year.

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