Stonegate Mortgage Corp. is expanding into New York and Massachusetts as it seeks to increase its originations of nonagency jumbo loans and lays the groundwork for its first private-label securitization.

The Indianapolis-based mortgage lender has been operating in California and the Virginia/District of Columbia market for less than a year, according to Stonegate chief executive Jim Cutillo. He expects to be licensed in New York and Massachusetts by the end of this year.

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