Jim Linnane Joins Flagstar Bank as Head of Distributed Retail Mortgage Division
TROY, Mich., April 21, 2022 /PRNewswire/ — Flagstar Bank has appointed Jim Linnane President of Flagstar’s Distributed Retail Mortgage Division. In this role, he is responsible for the strategy, profitability, sales, growth, recruitment and operations of Flagstar’s distributed retail mortgage business.
“Jim is an industry veteran with extensive experience managing distributed retail operations in both a banking and non-banking environment,” said Lee Smith, president of Mortgage for Flagstar. “He is a results-oriented team builder with a demonstrated ability to grow people and organizations. We are delighted to have him on board and look forward to positive developments with Jim leading the operation of Flagstar Distributed Retail.”
His industry experience is broad and deep, including mortgage origination, marketing, underwriting, construction lending, home equity products and wholesale financing. Flagstar is 6and the largest originator of bank mortgage loans.
Prior to Flagstar, Linnane served as President of Retail for Stearns Lending. Earlier in his career, he was Director of National Sales at Rate Guarantee. He started in the business at Wells Fargo, where he spent 15 years, eventually leading 2,000 loan officers to $30 billion of production volume in the Midwest and Northeast.
Flagstar Bancorp, Inc. (NYSE: FBC) is a $25.5 billion savings and credit holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides corporate, small business and consumer banking services through 158 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also offers home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 83 outlets in 28 states. Flagstar is a leading nationwide originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $291 billion in loans representing more than 1.2 million borrowers. For more information, visit flagstar.com.
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SOURCE Flagstar Bancorp, Inc.