TROY, Mich., Oct. 10, 2018 /PRNewswire/ -- Flagstar Bank has hired Scott Bristol as senior vice president and national production manager of its retail mortgage business. He brings to Flagstar more than 20 years of experience, exclusively in the retail mortgage sector, most notably from New American Funding, where he was national sales manager, and from PrimeLending, where he was president and national sales manager, helping to grow the Retail Division from $2 billion to $15 billion.
In his new role, Scott will partner with Susan McHan, president of Distributed Retail for Flagstar, to create a growth strategy for retail, develop and execute a technology roadmap for Flagstar's national retail operation, and optimize Flagstar's platform to support its loan officers in growing their business.
"Scott's deep experience and successful track record in retail mortgage sales will be an asset as we expand our footprint and pursue our goal of being a premier national retail mortgage lender," said Kristy Fercho, president of Mortgage for Flagstar. "We're thrilled to have someone of Scott's caliber join the Flagstar retail team."
Flagstar Bancorp, Inc. (NYSE: FBC) is an $18.1 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 107 branches in Michigan and California. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 88 retail locations in 31 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage loans, handling payments and record keeping for $120 billion of home loans representing over 535,000 borrowers. For more information, please visit flagstar.com.
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SOURCE Flagstar Bancorp, Inc.