Flagstar Names Former Fannie Mae Executive to Boards

Flagstar Names Former Fannie Mae Executive to Boards

PR Newswire

TROY, Mich., Jan. 19, 2017

TROY, Mich., Jan. 19, 2017 /PRNewswire/ -- Jennifer Whip, managing director for Garrett, McAuley & Co., and former long-time executive with Fannie Mae, has joined the board of directors of Flagstar Bank and Flagstar Bancorp.

In her 26-year career at Fannie Mae, Whip was responsible for nationwide single-family business development strategies, managing relationships with some of Fannie's largest lenders, developing lending solutions to underserved communities, and directing lender management and strategic initiatives for Fannie's eChannel, among numerous other leadership roles.

At Garrett McCauley, she is part of a team that helps banks and mortgage lenders increase revenues, control costs, and better manage risks.

"We are thrilled to have Jennifer join the board of our company and our bank," said Alessandro DiNello, president and chief executive officer of Flagstar. "Her experience in housing finance is broad and deep. As a recognized and respected expert in home lending, she brings a unique perspective to Flagstar, one of the nation's foremost home lenders. The fit could hardly be better."

Whip is active as a volunteer and involved in professional and civic organizations. She was a founding member of the Fannie Mae Diversity Advisory Council, executive sponsor of INDUS Employee Resource Group, and a former board member of the Neighborhood Housing Services of New York City. She received awards from Fannie Mae for volunteerism, as well as for her support of the Hispanic Networking Group. In 2013, Diversity Journal named her to its list of Women Worth Watching.

About Flagstar
Flagstar Bancorp, Inc. (NYSE: FBC) is a $14.3 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 99 branches in the state. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as through 31 retail locations in 21 states. Flagstar is a leading national originator and servicer of mortgage loans, handling payments and record keeping for nearly $76 billion of home loans for nearly 370,000 borrowers. For more information, please visit flagstar.com.

For more information contact:

Susan Bergesen
Flagstar Bank
(248) 312-6237

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SOURCE Flagstar Bancorp, Inc.

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