Indianapolis mortgage lender adding up to 400 jobs

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News,Business,Jobs,Indiana

INDIANAPOLIS (AP) — State officials say an Indianapolis-based mortgage company plans to expand its headquarters and create up to 400 new jobs by 2017.

The Indiana Economic Development Corp. said Tuesday that Stonegate Mortgage Corp. will invest $6.2 million to lease and equip an additional 21,000 square feet of space in a Carmel office park near its Indianapolis headquarters.

The state agency offered the lender up to $4.8 million in conditional tax credits and up to $161,000 in training grants based on the company's job creation plans.

Stonegate 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. The IEDC says the lender had exceeded that by December.

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