Leonard Israel

President of Mortgage Banking


Len Israel joined Flagstar Bank in June 2015 as president of Mortgage Banking, with responsibility for all aspects of Flagstar’s mortgage originations business. He brings to Flagstar 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.

Prior to joining Flagstar, he served as director of CRE term lending at Sabal Financial Group, an international diversified financial services firm in Newport Beach, Calif. He also held leadership positions at a number of mortgage providers, including serving as president at Mission Hills Mortgage, executive vice president and regional CEO at IndyMac Bank, FSB, and senior vice president and national director of correspondent lending at CitiMortgage.

He is a certified mortgage banker (“CMB”) who has been highly active in industry groups throughout his career. He was co-chair and a member of the California Mortgage Bankers Association Secondary Marketing Committee, and director and member of the Orange County Association of Mortgage Bankers. He also served on sub-committees for the Mortgage Bankers Association and has served on Fannie Mae’s customer advisory group, among others. In addition, he was an advisor/instructor for the Cal State Fullerton Mortgage Banking Certificate Program.

He has published articles for the Secondary Marketing Executive, Scotsman Guide, Mortgage Finance magazine and other industry publications and been a presenter at several industry conferences.  

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