Stearns Lending sells delegated correspondent lending business to Flagstar

Flagstar Bancorp is about to grow its correspondent lending business, as the bank announced Monday that it plans to acquire Stearns Lending’s delegated correspondent lending business.

According to details provided by Flagstar, Stearns correspondent business includes approximately 250 correspondent relationships, which produce more than $7 billion of agency and governmental residential mortgage loan production annually.

Read on.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s