Skip to main content

Flagstar Bank Expands Its Home Lending Channel

NationalMortgageProfessional.com
Feb 26, 2016
Flagstar Bancorp has announced that it has named Flagstar First Vice President Don Bleuenstein (pictured left) to the position of Home Lending Eastern U.S. Division sales director

 

Flagstar Bancorp has announced that it has named Flagstar First Vice President Don Bleuenstein (pictured left) to the position of Home Lending Eastern U.S. Division sales director. Additionally, Jens Lovell (pictured right) has joined Flagstar from BBVA Compass Bank as Flagstar's Home Lending Western U.S. Division sales director.

In his new role, Bleuenstein is focusing on expanding Flagstar's retail mortgage footprint throughout the eastern states, while Lovell will lead the company's retail production drive throughout the western states.

As part of its expansion, Flagstar has opened 12 new home loan centers in 10 states, bringing the total in its two regions to 26 retail home loan centers in 19 states, with more in the pipeline.

"It's been part of our business plan to meaningfully expand our retail originations channel as an enhancement to our market-leading third party origination platform," said Alessandro DiNello, president and CEO of Flagstar Bank.  "That's now happening with new leadership of our production team and the broadening of our retail geographic footprint." He added that the timing is favorable as Flagstar is now focusing on the purchase market.  

"We are pleased to welcome Jens Lovell to our team who, together with Don Bleuenstein, will provide proven leadership to our emerging retail platform, which is now favorably positioned for nationwide expansion," said Len Israel, president of Mortgage Banking for Flagstar. "It's a testament to Flagstar's reputation in the industry that we are able to attract and retain successful retail talent nationally."

Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021
FAU Index Shows Where Consumers Should Buy Or Rent

Consumers are better off renting in cities like Dallas, Texas

Industry News
Jun 07, 2021
Verus Title Inc. Expands Into Dallas-Fort Worth Texas

Verus plans to take advantage of the Dallas-Fort Worth market before expanding throughout the state.

Community
Jun 07, 2021
Freddie Mac Multifamily Extends Forbearance Deadline To September

Freddie Mac Multifamily extended the deadline for requesting a new COVID-19 forbearance agreement for its Multifamily loans to September 30, 2021.

Industry News
Jun 04, 2021
Fannie Mae Launches 'Your Own Story' To Educate Future Homebuyers

Fannie Mae is seeking to help demystify the homebuying process for future homeowners with “Your Own Story.” A new campaign to educate future homebuyers on the entire process.

Industry News
Jun 04, 2021