Flagstar Names Former Fannie Mae Executive Jennifer Whip to Boards

Jennifer Whip, managing director for Garrett, McAuley & Company, and former long-time executive with Fannie Mae, has joined the board of directors of Flagstar Bank and Flagstar Bancorp. In her 26-year career at Fannie Mae, Whip was responsible for nationwide single-family business development strategies, managing relationships with some of Fannie's largest lenders, developing lending solutions to underserved communities, and directing lender management and strategic initiatives for Fannie's eChannel, among numerous other leadership roles.

At Garrett McCauley, Whip is part of a team that helps banks and mortgage lenders increase revenues, control costs, and better manage risks.

"We are thrilled to have Jennifer join the board of our company and our bank," said Alessandro DiNello, president and chief executive officer of Flagstar. "Her experience in housing finance is broad and deep. As a recognized and respected expert in home lending, she brings a unique perspective to Flagstar, one of the nation's foremost home lenders. The fit could hardly be better."

Whip is active as a volunteer and involved in professional and civic organizations. She was a founding member of the Fannie Mae Diversity Advisory Council, executive sponsor of INDUS Employee Resource Group, and a former board member of the Neighborhood Housing Services of New York City. She received awards from Fannie Mae for volunteerism, as well as for her support of the Hispanic Networking Group. In 2013, Diversity Journal named her to its list of Women Worth Watching.