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Palmer Heenan was named executive vice president and manager of Secondary Marketing in July 2015. He joined Flagstar in 2009 as capital markets risk manager, developing the bank’s capital markets risk management program and its counterparty risk management policies.
In December 2012, he was named secondary marketing manager for Flagstar Capital Markets Corporation.
He has 30 years of experience working with banks and privately held mortgage companies in capital markets. His expertise in secondary marketing includes managing investor relationships, product development, pricing, risk analytics, trading, underwriting, and loan delivery.
Heenan has worked with government, agency, and privately held investors, as well as state bond programs. He has experience in all delivery channels from brokered to securitized and has actively traded mortgage servicing rights. Additionally, he has managed relationships with mortgage insurance companies and has experience running mortgage operations.
Early in his career, he was a pioneer in mortgage risk management and created one of the first option-based mortgage pipeline hedging systems.
In addition to holding several specialized mortgage designations, he is a licensed attorney in the state of Michigan