A quick AMI search could lead to improved pricing for your FTHBs. We now offer four loans that waive LLPAs for borrowers whose income is 100% AMI (120% in high-cost areas): • Fannie Mae 30-year fixed • Fannie Mae high balance • Freddie Mac 30-year fixed • Freddie Mac super conforming Remember, first time home buyer includes previous owners who haven’t owned a home in three years. This is a great opportunity to reach out to your borrowers. Find the Fannie Mae AMI Lookup Tool at spr.ly/1238 Find the Freddie Mac AMI and Property Eligibility Tool at spr.ly/5302 Contact your AE to learn more.
Flagstar Third Party Origination
Banking
Hicksville, New York 4,509 followers
Solution-oriented. Results-driven. We’re dedicated to helping our TPO clients reach their business goals.
About us
Thank you for visiting Flagstar Bank Third Party Origination on LinkedIn, and we look forward to being part of your financial journey. On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York. The combined company has assets of $100 billion. Together, we operate almost 420 branches across 10 states, including strong footholds in the Northeast and Midwest with exposure to high-growth markets in the Southeast and on the West Coast. Its Flagstar Mortgage Division operates a national residential mortgage business through a wholesale network of 3,000 third-party mortgage originators. We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. With over 35 years of serving this community, we pride ourselves on helping our clients build their clientele by providing a broad range of customized solutions that work for businesses of all sizes. We’re dedicated to helping our TPO partner brokers and correspondents, using our expertise and extensive offerings to help them achieve their business goals. We offer competitive benefits, like a broad product set that includes construction, Non-QM and HELOCs. Our clients can also rely on the most streamlined technology and support, as well as a solution-oriented process honed through years of experience. Discover the benefits of becoming a Flagstar business partner.
- Website
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https://tpo.flagstar.com/
External link for Flagstar Third Party Origination
- Industry
- Banking
- Company size
- 5,001-10,000 employees
- Headquarters
- Hicksville, New York
- Type
- Public Company
Locations
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Primary
Get directions
100 Huffy Avenue
Hicksville, New York 11801, US
Employees at Flagstar Third Party Origination
Updates
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Wishing you a safe, happy #LaborDay from the entire Flagstar team. Thank you for your hard work!
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Looking for ways to get more borrowers approved? Many homes that appear to be suburban can actually classify as rural. Flagstar is a top USDA lender and along with this guide can help answer your questions: http://spr.ly/61102PIB98
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First Vice President and Mortgage Fraud Director of Flagstar Bank Nanette Bees was the July guest at #FlagstarFLEX. She explained how to look out for mortgage fraud and the correct steps to prevent it. With proper fraud detection, you’ll see more loans get to close. Watch it now: http://spr.ly/6049mbWlc
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As mortgage rates drop, your borrowers may be considering a refinance. Now may be the best time or it might fit their financial picture better to wait a few more months. Realtor.com recommends connecting with your borrowers on what the right rate is for them, and then following up with them when that rate hits. Read more here: https://lnkd.in/g8PB98hD
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Our Accelerated Broker Closings (ABC) program gives you more control, more efficiency and a faster process overall. It’s available on conforming loans, allowing you to generate CD(s) and final closing packages (subject to approval) to move to closing quicker. If you are not already participating in the ABC program, you’re missing out! Reach out to your AE to discuss options.
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We are a proud Platinum Sponsor of the upcoming Western Secondary Market Conference at the Terranea Resort in Palos Verdes, CA. Stop by and see us—we’ll have representatives from correspondent and wholesale lending on hand to discuss what’s important to you and your business. Reach out today to your AE to schedule an appointment for a one-on-one. Don’t miss this opportunity to get a perspective on the market from Flagstar’s mortgage leaders.
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The back-to-school season can come with large expenses, from tuition to tech. With home equity at an all-time high, your borrowers could tap into the value of their homes to help cover education costs. There are no restrictions on the use of a HELOC, so they can take advantage of draws for up to 10 years and pay them back over 20. Contact your AE for more information.
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As rates cool slightly, your borrowers might consider a refinance. Streamline refis require a minimum credit score of 580, have limited asset and income verification and do not require an appraisal—meaning less paperwork and faster closing for your borrowers. The best news is that they can lower their interest rates, saving them significant money in the long-term. Contact your AE to inquire about our government streamline options.
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Last week’s weak jobs report set off a slight downturn in the markets. Refis, however, have rebounded. The number of refi candidates is at a two-year high—and is expected to grow. Read more from National Mortgage News here: http://spr.ly/6048Yd7YM
Refi picture continues to improve with candidates at two-year high
nationalmortgagenews.com