"By leveraging CampusMBA and its robust FHA Central curriculum, Flagstar Bank is ensuring that its underwriters and processors gain a comprehensive knowledge of FHA and VA loans," said Diana Wallace, Vice President for Flagstar.  "As FHA loans continue to become a larger portion of our loan portfolio and a more integral part of our everyday origination business, it's crucial that our staff be able to competently and confidently provide FHA options both for first-time homebuyers and homeowners looking to refinance into more affordable loan products."

Flagstar Bank has seen its FHA loan volume increase substantially over the past six months. Similarly the industry has seen a huge jump in government, mostly FHA, loan applications which are up 170 percent year-over-year according to MBA's Weekly Applications Survey (as of week ending May 2, 2008).

"CampusMBA is thrilled to have the opportunity to work closely with Flagstar's exceptional staff to help them gain the knowledge they need to meet business objectives in the face of surging FHA business," said John Golden, MBA's Senior Vice President of Education.  "It's vital that organizations fully capture FHA's growing market share while grooming staff from an educational perspective-- as Flagstar is demonstrating. By doing so, organizations will grow their business, better serve their customers and improve their position in the marketplace."

CampusMBA's educational partnership with Flagstar is being accomplished through its Enterprise Training arm, an all encompassing and customized program designed to fit the overall needs of an organization by drilling down to train its core resource, its staff.   Enterprise Training can include any of CampusMBA's well-established certification and designation programs which include those in residential underwriting, loan origination, servicing, regulatory compliance, quality assurance, as well as commercial servicing. Additionally, general education programs are offered for all levels of experience and industry expertise in both commercial and residential real estate finance.

To learn more about the CampusMBA's Enterprise Training opportunities go to www.campusmba.org/corporatetraining or call (202) 557-2826.  For more information on CampusMBA's FHA Central offerings go to www.campusmba.org/FHACentral or call (800) 348-8653.  If you are a member of the media, please contact Aleis Stokes at (202) 557-2741. 

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 370,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site:  www.mortgagebankers.org.