Flagstar Hires Don Klein to Lead Subservicing Business Development

TROY, Mich., Sept. 19, 2016 /PRNewswire/ -- Flagstar Bank has hired mortgage industry veteran Don Klein to expand the reach of its comprehensive subservicing offering. Klein joins Flagstar as senior vice president of business development and brings to Flagstar 25 years' experience in the mortgage industry.

He started his career at PMI Mortgage Insurance Co., in Walnut Creek, Calif., where he held a variety of positions over 20 years, including regional vice president; director, customer experience; and senior director of national account servicing. Most recently, he was with Ocwen Financial Corp., in West Palm Beach, Fla., serving as director of business development.

"As the 7^th largest subservicer and the only full-service bank actively pursuing subservicing, we are looking to leverage our unique and comprehensive offering to expand our market," said Mark Landschulz, director of Performing Servicing for Flagstar. "We can provide a full plate of services—subservicing, sales of mortgage servicing rights, financing options, and portfolio retention—all within a customer-focused and regulatory-compliant operation." 

"We're fortunate to have someone with Don's proven track record and skillset to lead our expansion effort. Finding creative solutions for servicing asset owners that maximize their investment returns and creating a customer- focused environment are Don's strong suits."

About Flagstar  

Flagstar Bancorp, Inc. FBC is a $13.7 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, the largest bank headquartered in Michigan, provides commercial, small business, and consumer banking services through 99 branches in the state. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as through 29 retail locations in 21 states. Flagstar is a leading national originator of mortgage loans, ranking as the 7^th largest subservicer and 20^th largest servicer of loans and handling payments and recordkeeping for nearly $75 billion of home loans for nearly 360,000 borrowers. For more information, please visit flagstar.com.

For more information contact:

Susan Bergesen
Flagstar Bank
(248) 312-6237

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SOURCE Flagstar Bank