Erik Sorensen has joined Stonegate Mortgage Corp. as senior vice president of capital markets.
Sorensen joins the company from Sorensen Consulting, where he has focused on helping lenders improve their secondary marketing functions. Prior to establishing his consultancy, Sorensen worked for Irwin Financial Corp., including subsidiaries Irwin Home Equity, Irwin Reinsurance and Irwin Mortgage, where he held various leadership roles.
Sorensen will report directly to Dan Bettenburg, president of Stonegate Mortgage, and will be responsible for leading Stonegate's secondary marketing group.
Stonegate recently raised $115 million in a private offering of its common stock. FBR Capital Markets & Co. acted as the sole initial purchaser and placement agent.