Flagstar Bank Names Gibson National Mortgage Sales Director

TROY, Mich., Oct. 17, 2019 /PRNewswire/ -- Flagstar Bank has named John Gibson national sales director for its Third Party Originations Division. In this position, he is responsible for the strategic direction, growth and profitability of Flagstar's broker and correspondent channels. He brings to Flagstar more than 25 years' experience in the mortgage industry, covering both wholesale and retail lending, as well as hiring, training, origination, and servicing.

Prior to joining Flagstar, he was with Caliber Home Loans, Inc., for eight years, most recently as executive vice president of Wholesale Lending Production. He started his career and spent 14 years at Wachovia, a Wells Fargo company, leading mortgage sales and strategy on both the wholesale and retail sides.

"We are so pleased to have someone with John's track record and experience lead our third party originations team," said Kristy Fercho, president of Mortgage for Flagstar. "He knows the business, he's a proven leader, and he has experience operating a wholesale lending channel in a bank environment. He's a great addition to this important business line for Flagstar."

About FlagstarFlagstar Bancorp, Inc. (NYSE: FBC) is an $20.2 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 160 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 78 retail locations in 21 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $203 billion of loans representing 983,000 borrowers. For more information, please visit flagstar.com.

For more information contact:

Susan BergesenFlagstar Bank(248) 312-6237

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SOURCE Flagstar Bancorp, Inc.