TROY, Mich., April 25, 2016 /PRNewswire/ -- Flagstar Bank was recently named a Fannie Mae Servicer Total Achievement and Rewards™ (STAR™) Performer for 2015 by Fannie Mae in recognition of Flagstar's outstanding performance and best practices in the General Servicing category. The STAR Program recognizes top-performing mortgage servicers for assisting homeowners, aiding the housing recovery, and demonstrating excellence in mortgage servicing.
"This recognition by Fannie Mae, our biggest customer for loan sales, reflects the extraordinary efforts by Flagstar's servicing team to enhance our position as an elite mortgage servicer," said Lee Smith, chief operating officer of Flagstar Bank. "Our team strives for operational excellence and continuous improvement, and they continue to deliver on those objectives."
About Flagstar Bank
Flagstar Bancorp, Inc. (NYSE: 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 26 retail locations in 19 states. Flagstar is the 10th largest national originator of mortgage loans and a top 20 mortgage servicer, handling payments and record keeping for over $72.5 billion home loans for over 360,000 borrowers. For more information, please visit flagstar.com.
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SOURCE Flagstar Bank