The Lenders One Mortgage Cooperative, a national alliance of community mortgage bankers, correspondent lenders, and suppliers of mortgage products and services, has selected Michigan-based Flagstar Bank as a preferred investor and will now offer Flagstar's full suite of products to its members.
Flagstar provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as through 16 retail centers in 11 states. The company's mortgage products are designed for a wide range of borrowers, including jumbo, renovation and rural mortgage products.
Flagstar has more than 1,300 correspondents and broker partners – ranked as a top 10 mortgage originator, top 10 warehouse lender and top five Federal Housing Administration lender.
‘As one of the largest mortgage platforms in the country, Lenders One is an incredible partner for Flagstar as we deliver our expertise and resources to its members,’ says Brian Vieaux, senior vice president and national sales director for wholesale lending at Flagstar. ‘The mortgage industry requires high-quality, differentiated products to meet customer needs, and now we're able to provide these offerings to Lenders One members.’