Indianapolis-based Stonegate Mortgage recently picked up warehouse lender NattyMac, adding a giant in the independently-owned mortgage marketplace to its company.

According to a release, Stonegate had unveiled plans to unhinge any barriers to its third-party originations and servicing portfolio once a private-equity deal went through with Long Ridge Equity Partners.

Stonegate recently saw momentum for its portfolio, with revenues ticking up 340 percent year-over-year. The company reported seeing 235 percent in growth for its servicing portfolio over the same time frame.

The lender billed the move to take on NattyMac as an “opportunity to build on this momentum” and “create an integrated warehouse and loan sale solution for its clients.”

“NattyMac has been providing warehouse financing to independent mortgage bankers since 2004 and unlike many of the bank owned warehouse lenders, they continued to do so during the credit crisis,” Jim Cutillo, CEO of Stonegate Mortgage, said in a statement. “We intend to ensure that the independent mortgage banker has access not only to warehouse financing, but liquidity for their agency loans.”

The deal allows Natty Mac COO John VanDolah and his 20 employees to take up new roles with Stonegate. An added bonus: A regional operations center set to open in NattyMac offices to process correspondent and wholesale loans.

“As a part of Stonegate Mortgage, we will now be able to offer NattyMac and Stonegate’s clients an integrated solution which will provide not only liquidity for agency eligible loans but also reduced compliance, collateral and operating risk,” he said. “This is an exciting opportunity for the team at NattyMac to join Stonegate and be a part of their growth and development.”

The release said that Stonegate would not disclose any further details about the financial arrangement needed for the deal.