Flagstar Hires President of Mortgage

Leonard Israel

Flagstar Bancorp, Inc., recently announced that Leonard Israel has joined Flagstar as president of mortgage, where he will be responsible for all aspects of Flagstar's mortgage originations business. Israel will report to Flagstar President and CEO Alessandro DiNello.

"We're fortunate to have someone with Len's extensive mortgage industry experience join Flagstar," DiNello said. "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."

According to Flagstar, Israel brings nearly 30 years' experience in the mortgage industry. He has experience in correspondent, wholesale, and retail production; secondary marketing; and warehouse lending. He also has a varied background ranging from risk management and process improvement, to operations and compliance and has managed national sales forces, led business transformations, and achieved significant increases in market share.

He has held leadership positions at a number of mortgage providers, including serving as EVP and regional CEO at IndyMac Bank, FSB. He also was SVP 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. He holds a B.A. degree in business administration from California State University, and an M.A. degree in psychology from Pepperdine University.