Mortgage Servicing
Making mortgages work.
A growing model
Flagstar Bank services mortgage and other consumer loans, handling payments and record-keeping for over 1.2 million borrowers. Not only do we service our loans, but we also subservice loans owned by other organizations. We earn revenue on contractual fees that vary based on our responsibilities and the delinquency or payment status of the loans. Our growing business and strong platform have made us the sixth-largest subservicer in the nation.
2021 highlights*
- Serviced loans for over 1.2 million borrowers, representing $290.7 billion in home loans.
- We’re the nation’s 6th largest mortgage subservicer.
*as of 12/31/21
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