Flagstar Wholesale is a leading provider of wholesale mortgage lending services in the United States. The company was founded in 1987 and has since grown to become one of the largest and most respected wholesale lenders in the industry.
One of the key factors that sets Flagstar apart from other wholesale lenders is its commitment to providing exceptional customer service. The company’s team of highly trained and experienced mortgage professionals is dedicated to helping its clients navigate the complex world of mortgage lending and ensure that they get the best possible rates and terms on their loans.
In addition to its commitment to customer service, Flagstar is also known for its innovative approach to mortgage lending. The company was one of the first to offer a fully automated loan origination system, which allows it to process loan applications more efficiently and effectively than traditional lenders. This technology has helped Flagstar maintain a competitive edge in the marketplace and has allowed it to serve a wider range of customers.
Another key aspect of Flagstar’s business is its focus on compliance and risk management. The company has a robust risk management system in place that helps it identify and mitigate potential risks before they become problems. This includes a thorough review process for loan applications, as well as ongoing monitoring of loans in the portfolio to ensure that they are being serviced in accordance with industry standards.
Flagstar’s success in the wholesale mortgage lending industry is also due in large part to its ability to adapt to changes in the market. The company has a history of staying ahead of trends and finding new ways to meet the needs of its customers. For example, in the wake of the 2008 financial crisis, Flagstar was one of the first wholesale lenders to offer non-qualified mortgage (Non-QM) products, which helped it to continue serving borrowers who may not have qualified for traditional mortgage products.
In addition to its wholesale lending business, Flagstar also operates a retail mortgage division, which allows it to serve a wider range of customers and offer a more comprehensive range of mortgage products. The retail division is staffed by a team of dedicated mortgage professionals who are trained to help customers find the right mortgage solution for their needs.
Overall, Flagstar is a leading provider of wholesale mortgage lending services in the United States, known for its commitment to customer service, innovative approach to lending, focus on compliance and risk management, and ability to adapt to changes in the market. The company’s success is a testament to its dedication to helping its customers achieve their homeownership goals and its commitment to being a trusted partner in the mortgage process.