Former Fannie exec to lead Flagstar lending unit

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TROY, Mich., Aug. 2, 2017 /PRNewswire/ — Flagstar Bank has hired Kristy Fercho, previously senior vice president and customer delivery executive for Fannie Mae, to lead Flagstar’s mortgage business.

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Former Fannie exec to lead Flagstar lending unit Incenter brokering $2 billion in agency MSRs with imaged files fannie mae taps eOriginal for new electronic vault wells fargo home Lending is tapping eOriginal to launch an electronic note program, marking a step forward for the mortgage industry’s push toward a more digital process.

Flagstar Bancorp, Inc. (NYSE: FBC) is a $17.7 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking.

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Former fannie mae exec Kristy Fercho joins Flagstar as president of mortgage Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of.

Former Fannie Exec to Lead Flagstar Mortgage Unit. CEO had been running unit. Aug. 2, 2017. By mortgage daily staff. A former Fannie Mae executive has been hired to run the mortgage business at Flagstar Bancorp Inc., freeing up the bank’s chief executive officer to run the company..

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Flagstar Bank has hired Kristy Fercho, previously senior vice president and customer delivery executive for Fannie Mae, to lead Flagstar’s mortgage business. Having served at Fannie Mae for 15 years, Fercho began her career as vice president of human resources, responsible for the company’s people strategy, talent acquisition, and cultural transformation.

Understanding EMCAP Lending's Construction Draw Process Jan. 19: LO jobs & new products; report from NEXT; lender. – Flagstar Bancorp announced an expansion of its direct-to-consumer mortgage lending platform with the addition of a team headed up by Rocky Stubbs, who now has a SVP and director of Consumer Direct Lending title. Stubbs will lead Flagstar’s Michigan-based direct-to-consumer group, along with a team of 20 professionals who will operate from Dallas.

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Fannie Mae and Freddie Mac are two government-sponsored enterprises that stabilize mortgage markets by purchasing mortgages from lenders that meet their guidelines. When it comes to investment properties, the guidelines for conforming loans are a bit more strict because of the risk.

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