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News Breaks | | | | February 14, 2013 | | 10:04 EDT |  | FBC | Flagstar Bancorp sells DocVelocity to Capsilon, terms not disclosed
Flagstar Bancorp has agreed to sell the assets and operations of DocVelocity, its document imaging business for mortgage lenders, to Capsilon. Capsilon developed much of the technology that DocVelocity has marketed and sold since 2007, and which Flagstar has used to provide paperless mortgage processing to its wholesale customers. Following the transaction, Flagstar will continue to use the DocVelocity service. Terms of the transaction were not disclosed. The transaction is not expected to have a material financial impact on Flagstar. | |
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News For FBC From The Last 14 Days Check below for free stories on FBC the last two weeks. |
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| May 17, 2013 | | 08:08 EDT | | FBC | Flagstar Bancorp appoints Sandro DiNello CEO, Lee Smith as COO
Upon becoming CEO, DiNello will replace Michael Tierney as a director of the company and the bank. Tierney, who has served as CEO of both the Company and the Bank since November 2012 and as President of the Company since October 2012, will resume his role as the Bank's Executive Vice President, Personal Financial Services, a position he held prior to becoming President. | |
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