has announced an expansion of its direct-to-consumer mortgage lending platform with the addition of a team from Capital One Financial Corp. Rocky Stubbs, former head of Consumer Direct and Digital Mortgage for Capital One, has joined Flagstar as Senior Vice President and Director of Consumer Direct Lending. Stubbs will lead Flagstar's Michigan-based Direct-to-Consumer Group, along with a team of 20 professionals from Capital One who will operate from Dallas, Texas.
"Capital One built a best-in-class digital platform, so we are excited about attracting this proven, high-caliber team in the direct-to-consumer space to Flagstar," said Kristy Fercho, President of Mortgage for Flagstar. "Our Michigan team did a great job last year shifting to a purchase market, and the Capital One team will provide additional capacity to strengthen and scale our platform and take advantage of market opportunities. The combined team will enhance our capabilities in servicing recapture, digital acquisition, and home equity.”