Flagstar Bancorp Inc is an American financial services holding company that was founded in 1987 and is headquartered in Troy, Michigan. The company offers financial products and services for individuals, businesses, and institutions.
The various divisions of Flagstar Bancorp Inc include Commercial Banking, Consumer Banking, and Mortgage Banking. In the Commercial Banking division, the company offers customized financing and investment products for small and medium-sized businesses. This includes loans, treasury services, and cash management solutions.
The Consumer Banking division offers various types of accounts, credit cards, and loan products. This includes savings accounts, checking accounts, online banking, and online account access. Additionally, Flagstar Bancorp Inc offers a variety of credit card options, with different designs and bonus programs.
However, the largest division of Flagstar Bancorp Inc is Mortgage Banking. It offers mortgage, refinancing, reverse mortgage, and real estate financing services. This division also includes the sale of mortgage loans on the secondary market and servicing mortgage loans on behalf of investors.
Flagstar Bancorp Inc is also one of the largest providers of Small Business Administration (SBA) loans in the country. The company works closely with the SBA to assist businesses in applying for government loans and guarantees.
In addition to its core banking services, Flagstar Bancorp Inc also offers a variety of financial advisory services. These include assistance with wealth management, tax advisory, accounting, business valuation, and complete treasury services.
Flagstar Bancorp Inc has a strong focus on the use of technology and offers its customers a wealth of online and mobile banking options. The mobile banking division provides a fully integrated mobile banking solution that allows customers to manage their banking relationship from their mobile phones.
In addition to its core banking services, the company also offers insurance products, including auto insurance, home and property insurance, and household insurance. Consumers can get online quotes or directly contact the company's staff for accurate advice.
In summary, Flagstar Bancorp Inc offers a wide range of banking services tailored to the needs of individual and business customers. With its presence in all three major areas of banking, the company provides strong diversification of its revenue streams and has a successful track record with positive growth trends.
