TROY,
Mich., April 21, 2022 /PRNewswire/ -- Flagstar
Bank has named Jim Linnane president
of Flagstar's distributed retail mortgage division. In this role,
he is responsible for strategy, profitability, sales, growth,
recruitment and operations of Flagstar's distributed retail
mortgage business.
"Jim is an industry veteran who has extensive experience running
distributed retail operations, both in a bank and non-bank
environment," said Lee Smith,
president of Mortgage for Flagstar. "He's a results-oriented
team-builder with a demonstrated ability to grow people and
organizations. We're excited to have him on board and look for
positive developments with Jim at the helm of Flagstar's
distributed retail operation."
His experience in the business is broad and deep, including
mortgage origination, marketing, underwriting, construction
lending, home equity products and wholesale financing. Flagstar is
the nation's 6th largest bank mortgage originator.
Prior to Flagstar, Linnane served as retail president for
Stearns Lending. Earlier in his career, he was director of national
sales at Guaranteed Rate. He started in the business at Wells
Fargo, where he spent 15 years, ultimately leading 2,000 loan
officers to $30 billion of production
volume in the Midwest and Northeast.
About Flagstar
Flagstar Bancorp, Inc. (NYSE: FBC) is a $25.5 billion savings and loan holding
company headquartered in Troy,
Mich. Flagstar Bank, FSB, provides commercial, small
business, and consumer banking services through 158 branches in
Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a
wholesale network of brokers and correspondents in all 50 states,
as well as 83 retail locations in 28 states. Flagstar is a leading
national originator and servicer of mortgage and other consumer
loans, handling payments and record keeping for $291 billion
of loans representing over 1.2 million 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.