Veteran of mortgage industry responsible for key business unit
TROY, Mich., April 30, 2019 /PRNewswire/ -- Flagstar Bank has hired Jason Lee, a seasoned mortgage professional who has held key roles with some of the nation's largest and most successful mortgage originators, to lead Flagstar's Secondary Marketing and Capital Markets operations. Lee brings to Flagstar more than 20 years' experience in the mortgage industry. As executive vice president and head of Secondary Marketing and Capital Markets for Flagstar, he is responsible for all secondary marketing activities including trading, hedging, marketing of residential mortgage-backed securities, pricing, margin management, and loan delivery.
"Jason has a proven record in a business that increasingly places a high value on successful execution," said James K. Ciroli, chief financial officer at Flagstar. "He's a strong addition to an already solid team of mortgage professionals at Flagstar, and we're excited to attract someone with his depth of talent and experience to lead us to succeed in this important function."
Flagstar Bancorp, Inc. (FBC) is a $19.4 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 160 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 72 retail locations in 22 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $200 billion of loans representing 962,000 borrowers. For more information, please visit flagstar.com.
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