TROY, Mich., April 5, 2017 /PRNewswire/ -- Flagstar Bank was recently named a Fannie Mae Servicer Total Achievement and Rewards™ (STAR™) Performer for 2016 by Fannie Mae in recognition of Flagstar's outstanding performance and best practices in the General Servicing category for the second consecutive year. The STAR Program recognizes top-performing mortgage servicers for assisting homeowners, aiding the housing recovery, and demonstrating excellence in mortgage servicing.
"I'm extremely proud of our entire servicing and customer engagement teams for achieving this fantastic result for a second straight year," said Lee Smith, chief operating officer of Flagstar Bank. "This recognition by Fannie Mae, our biggest customer for loan sales, reflects the extraordinary efforts by Flagstar's servicing team to create our best-in-class servicing platform. Our team sets high standards and consistently delivers results. This award is very well deserved and testament to all their hard work."
About Flagstar Bank
Flagstar Bancorp, Inc. (NYSE: FBC) is a $14.1 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, 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 41 retail locations in 21 states. Flagstar is a leading national originator, servicer and sub-servicer of mortgage loans, handling payments and record keeping for $80 billion of home loans representing 383,000 borrowers. For more information, please visit flagstar.com.
For more information contact:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/flagstar-bank-receives-fannie-maes-star-performer-award-for-second-straight-year-300435107.html
SOURCE Flagstar Bank