TROY, Mich., Jan. 18, 2018 /PRNewswire/ --
Strategic Benefits:
- Adds seasoned sales team with successful track record.
- Fits strategic goal of diversifying sources of mortgage
originations.
- Strengthens retail mortgage business.
- Positions Flagstar for continued growth in purchase mortgage
market.
Flagstar Bancorp, Inc. (NYSE: FBC) today announced an expansion
of its direct-to-consumer mortgage lending platform with the
addition of a team from Capital One Financial Corp. Rocky Stubbs, former head of Consumer Direct and
Digital Mortgage for Capital One, has joined Flagstar as senior
vice president and director of Consumer Direct Lending. Stubbs will
lead Flagstar's Michigan-based
direct-to-consumer group, along with a team of 20 professionals
from Capital One who will operate from Dallas, Texas.
"Capital One built a best-in-class digital platform, so we are
excited about attracting this proven, high-caliber team in the
direct-to-consumer space to Flagstar," said Kristy Fercho, president of Mortgage for
Flagstar.
"Our Michigan team did a great job last year shifting to a
purchase market, and the Capital One team will provide additional
capacity to strengthen and scale our platform and take advantage of
market opportunities. The combined team will enhance our
capabilities in servicing recapture, digital acquisition, and home
equity," Fercho said.
About Flagstar
Flagstar Bancorp, Inc. (NYSE: FBC) is a
$16.9 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 95 retail
locations in 27 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 $91
billion of home loans representing 415,000 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 Bancorp, Inc.