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Press Release: HSBC Mortgage Corporation (USA)
April 21, 2005
DEPEW, NY -- HSBC Mortgage Corporation (USA) has named David S. Gates Senior Vice President, National Mortgage
Sales. In this role, he will be responsible for all sales channels: retail, third party, telesales and timeshare.
He will report to Randy Raup, president of the Mortgage Corp.
"David's experience in the mortgage industry, his proven track record with HSBC Mortgage Corp and his strong
customer focus represent tremendous assets to our company," said Raup. "His strong leadership abilities,
coupled with our great sales organization, provide a solid foundation to profitably grow HSBC Mortgage Corporation."
A twenty-year veteran of the mortgage business, Gates has served as HSBC's northeast wholesale sales divisional
manager responsible for all third party origination in the Northeast United States since 1997. He joined HSBC when
the company acquired First Federal Savings and Loan of Rochester, where he served as northeast regional sales manager.
A member of the New York Association of Mortgage Brokers, Gates received his bachelor of science degree from Rochester
Institute of Technology. He resides in East Amherst with his wife Kathleen and their two children.
About HSBC Mortgage Corporation (USA)
HSBC Mortgage Corporation (USA), a wholly owned subsidiary of HSBC Bank USA N.A., is a member of the HSBC Group
plc, which is one of the largest banking and financial service organizations in the world. It has more than 5,000
brokers and correspondents funding loans in the continental U.S. The organization is the 20th largest originator
in the nation, servicing over 450,000 first and second mortgages worth approximately $70 billion. It also conducts
brick and mortar retail lending in 8 states and telephone sales in 48 states and the District of Columbia. HSBC
Mortgage Corporation (USA), an equal housing lender, is a Fannie Mae/Freddie Mac fixed rate and hybrid ARM lender
that also offers a wide range of Alt A products. It is also one of six national members of the Freddie Mac "Hall
of Fame" and has received numerous awards from Freddie Mac and Fannie Mae for excellence in servicing and
investor reporting.
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Contacts HSBC Media inquiries: Kathleen Rizzo Young, 716-841-5003 kathleen.rizzo.young@us.hsbc.com