Flagstar honored with Innovative Lender Award

Flagstar Bank, a subsidiary of Flagstar Bancorp Inc., has announced that it was named the 2009 Innovative Lender by Mortgage Technology magazine publisher, SourceMedia, at the organization?s recent Tech Awards ceremony in San Diego. In naming Flagstar the winner, it was noted that, “Flagstar Wholesale Lending has consistently led the industry in utilizing technology to streamline its mortgage process for independent mortgage originators and correspondent lenders that use their services.” The award is given “to the mortgage lender that doesn't just use technology to follow the market, but to both innovate and lead the market of the future.” On the Mortgage Technology Web site, Flagstar is described as “a pioneer in adopting all things electronic … the first lender to sell e-mortgages to both GSEs, use e-notes to solve the warehouse crisis, and is currently piloting an e-mortgage program with FHA.” “We're honored that Flagstar's commitment to helping mortgage originators and consumers with process innovation has been recognized by the leading experts on technology in the industry,” said Gregory Lutin, executive vice president, national sales manager for Flagstar Bank. “Our technology leadership is the engine that drives our ability to provide the superior service that delivers a best-in-class customer experience.” For more information, visit www.flagstar.com.