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January 24, 2008

Flagstar launches DocVelocity MortgagePress.comonline end-to-end paperless office solution
Flagstar Bancorp Inc.
announced the launch of DocVelocity, an online end-to-end paperless
office solution for mortgage originators.
"DocVelocity is a way for mortgage originators to go paperless
with no special hardware, no special software and no upfront
costs," said Steve Brooks, executive vice president and chief
operating officer for lending at Flagstar Bank.
Brooks said mortgage originators can upload, scan, e-mail or fax
their documents into the DocVelocity system where they are
automatically imaged, organized and stored digitally. DocVelocity
then creates a secure electronic file that everyone in the loan
process can access, anytime. Borrowers can even enter their own
documents, such as their W-2, into the system on a secure, one-way
basis.
Flagstar Bancorp Inc. is a publicly held savings bank based in
Troy, Mich. For more information, call (800) 945-7700 or visit www.flagstar.com.

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