Flagstar Bancorp recently announced that Leonard Israel has joined Flagstar Bank as president of Mortgage.
“We're fortunate to have someone with Len's extensive mortgage industry experience join Flagstar,” said Alessandro DiNello, president and CEO of Flagstar. “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.”
Israel will report to DiNello and be responsible for all aspects of Flagstar's mortgage originations business, drawing on nearly 30 years of experience in the mortgage industry.
Israel's breadth of experience includes correspondent, wholesale, and retail production; secondary marketing; and warehouse lending. He is a seasoned executive with a deep and varied background ranging from risk management and process improvement, to operations and compliance. He has managed national sales forces, led business transformations, and achieved significant increases in market share.
Israel has held leadership positions at a number of mortgage providers, including serving as executive vice president and regional CEO at IndyMac Bank, FSB. He also was senior vice president and national director of correspondent lending at CitiMortgage.
He began his career at Mission Hills Mortgage Corporation and most recently served as director of CRE term lending at Sabal Financial Group, an international diversified financial services firm.
Israel holds a B.A. degree in business administration from California State University, and an M.A. degree in psychology from Pepperdine University.
Flagstar Bank’s newest employee can draw on three decades of experience in his new role to lead the company’s mortgage division.