TROY, Mich., Sept. 19, 2016 /PRNewswire/ -- Flagstar Bank has
hired mortgage industry veteran Don
Klein to expand the reach of its comprehensive subservicing
offering. Klein joins Flagstar as senior vice president of business
development and brings to Flagstar 25 years' experience in the
mortgage industry.
He started his career at PMI Mortgage Insurance Co., in
Walnut Creek, Calif., where he
held a variety of positions over 20 years, including regional vice
president; director, customer experience; and senior director of
national account servicing. Most recently, he was with Ocwen
Financial Corp., in West Palm Beach,
Fla., serving as director of business development.
"As the 7th largest subservicer and the only
full-service bank actively pursuing subservicing, we are looking to
leverage our unique and comprehensive offering to expand our
market," said Mark Landschulz,
director of Performing Servicing for Flagstar. "We can provide a
full plate of services—subservicing, sales of mortgage servicing
rights, financing options, and portfolio retention—all within a
customer-focused and regulatory-compliant operation."
"We're fortunate to have someone with Don's proven track record
and skillset to lead our expansion effort. Finding creative
solutions for servicing asset owners that maximize their investment
returns and creating a customer- focused environment are Don's
strong suits."
About Flagstar
Flagstar Bancorp, Inc. (NYSE: FBC) is a $13.7 billion savings and loan holding company
headquartered in Troy, Mich.
Flagstar Bank, FSB, the largest bank headquartered in Michigan, provides commercial, small business,
and consumer banking services through 99 branches in the state. It
also provides home loans through a wholesale network of brokers and
correspondents in all 50 states, as well as through 29 retail
locations in 21 states. Flagstar is a leading national originator
of mortgage loans, ranking as the 7th largest
subservicer and 20th largest servicer of loans and
handling payments and recordkeeping for nearly $75 billion of home loans for nearly 360,000
borrowers. For more information, please visit flagstar.com.
For more information contact:
Susan Bergesen
Flagstar Bank
(248) 312-6237
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SOURCE Flagstar Bank