TROY, Mich., Aug. 2, 2017 /PRNewswire/ -- Flagstar Bank has
hired Kristy Fercho, previously
senior vice president and customer delivery executive for Fannie
Mae, to lead Flagstar's mortgage business. Flagstar originated
$32 billion in home loans in
2016.
Fercho was with Fannie Mae for 15 years, starting as vice
president of Human Resources responsible for the company's people
strategy, talent acquisition, and cultural transformation. Since
2007, she has served in various customer management roles,
overseeing the mortgage production of nearly 2,000 lenders. Most
recently, she was responsible for the customer delivery strategy
and business performance of all customers in the western U.S.,
delivering single-family home loans to the agency. Her experience
in the industry is broad and deep, covering mortgage originations,
servicing, fulfillment, risk management, and regulation.
"We couldn't be more pleased than to have Kristy on board to
lead our mortgage business," said Alessandro DiNello, president and chief
executive officer of Flagstar. "She brings a wealth of industry
experience from Fannie Mae, a powerhouse in the mortgage industry
and a leading source of financing for home lenders. And the timing
couldn't be better with Flagstar primed to consolidate our position
as the fifth largest bank originator in the country. Even better,
she has worked with Flagstar since 2008 and knows our company
well."
About Flagstar
Flagstar Bancorp, Inc. (NYSE: FBC) is a $16.0 billion savings and loan holding company
headquartered in Troy, Mich.
Flagstar Bank, FSB, 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 85 retail locations in
26 states, representing the combined retail branches of Flagstar
and Opes Advisors mortgage division. Flagstar is a leading national
originator and servicer of mortgage loans, handling payments and
record keeping for $87 billion of
home loans representing 402,000 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