Flagstar Reconfigures Wholesale Sales Operations

Flagstar Bank of Troy, Mich., will reconfigure its wholesale mortgage sales operations, going from 12 sales regions down to eight. As part of the changes, Dave Bowers, executive vice president and national sales manager, will leave his post and move to Atlanta to manage Flagstar's new South region. His successor as executive vice president and national sales manager is Gregory Lutin. Mr. Lutin has been with Flagstar since 1994, serving in several management positions, most recently as senior vice president of the South division. He will relocate to Flagstar's headquarters in Troy. Other changes at Flagstar include Tim Kalaris managing the Northeast region, Linda Bissell remains as head of the Great Lakes region, Paul Wyner in charge of the North Central region, Rich Hoffman remains as regional manager of the Sunshine region, Rob Mally will oversee the Pacific Southwest region, and Mike Fowler and Kurt Mason are new managers of the Mountain and Northwest regions, respectively. The changes will be effective May 1.