| The home lending unit of Flagstar Bancorp Inc. has a new leader with nearly three decades’ experience in the mortgage business.
Leonard “Len” Israel has been hired by the Troy, Michigan-based financial institution as its new president of mortgage. A June 22 announcement Israel’s nearly 30 years in real estate finance included five years at IndyMac Bank, where his last position was executive vice president of correspondent services, according to his LinkedIn profile. He was also a senior vice president and national director of correspondent lending at CitiMortgage Inc., where he also spent five years. Most recently, he spent more than two years as a mortgage consultant. Israel reportedly holds a B.A. degree in business administration from California State University, and an M.A. degree in psychology from Pepperdine University. He takes over a business that “We’re fortunate to have someone with Len’s extensive mortgage industry experience join Flagstar,” DiNello said in the news release. “His background and skills will be invaluable as we grow our correspondent, wholesale and retail channels and become an even bigger player in the mortgage space.” |
Flagstar photo of Leonard Israel |
