The Lenders One Mortgage Cooperative, a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services, has announced that Flagstar Bank as a new preferred investor with its full suite of products now available to Lenders One Members. Flagstar’s mortgage products are designed for a wide range of borrowers including jumbo, renovation and rural mortgage products. With more than 1,300 correspondents and brokers as partners, Flagstar is a top 10 mortgage originator, top 10 warehouse lender and a top five Federal Housing Administration (FHA) lender. Chartered in 1987 as a federal savings bank, Michigan-based Flagstar provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as through 16 retail centers in 11 states.
“As one of the largest mortgage platforms in the country, Lenders One is an incredible partner for Flagstar as we deliver our expertise and resources to its members,” said Brian Vieaux, senior vice president and national sales director for Wholesale Lending at Flagstar. “The mortgage industry requires high-quality, differentiated products to meet customer needs, and now we’re able to provide these offerings to Lenders One Members.”
Jeff McGuiness, chief executive officer of Lenders One, said, "With Flagstar Bank, we are able to bring to the Lenders One Members one of the most trusted correspondent investors in the market today. Flagstar’s focus on superior customer experience and strong industry presence give our Lenders One Members a quality provider on which they can depend.”