Specialized Mortgage Banking Solutions

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One partner for your financing structures and treasury needs

Flagstar's Specialized Mortgage Banking Solutions team provides tailored solutions to a wide range of clients, including mortgage originators, residential and commercial mortgage servicers, private equity firms, and hedge funds. We also work with lender-controlled structures, REITs, asset managers, property managers, managers of REO property portfolios, and other types of commercial real estate companies.

Partner with us for competitive deposit pricing, customized implementation plans, and reliable guidance—all from a single point of contact. In other words, you'll get the solutions you need and the outstanding service you deserve.

Control agreements to support loan-level or financing arrangements

A control agreement typically includes three parties: a lender and/or secured party, a borrower (or otherwise specified), and Flagstar Bank. This establishes a security interest on behalf of the secured party and written guidelines to protect the party’s interest in perpetuity unless a termination notice is provided pursuant to the agreement.

SMBS offers a variety of deposit account control agreements and cash management agreements.

Deposit Account Control Agreements

Soft DACA—This account will collect deposits from the property and sweep the funds into a bank account determined by the borrower at a frequency indicated in the agreement.
Hard DACA—This account will collect deposits from the property and sweep the funds into a bank account determined by the secured party at a frequency indicated in the agreement.
Springing DACA—This agreement is executed by all parties. An account will be opened when notice is received from the lender/secured party.
Access Restricted After Notice (ARAN) DACA—This account functions as the borrower’s operating account. Once a notice is received, access is restricted and funds will sweep to a designated account.
Deposit Account Instruction and Service Agreement (DAISA)—A special-purpose account funded by government receivables. Funds are transferred from this account to a destination account. Depending on the arrangement, the destination account may also be subject to a control agreement.

Cash Management Agreements

Hard CMA—Deposits flow from the clearing bank into the cash management account, and funds are disbursed as indicated by the lender/secured party or assigned loan servicer.
Springing CMA—This agreement is executed by all parties. An account will be opened when notice is received from the lender/secured party or assigned loan servicer.
Hard-Repurchase Agreement (REPO)—This agreement supports warehouse facilities with an assigned seller/buyer (or purchaser vs. buyer).

Treasury Management Services

Beyond agreements, Flagstar helps you simplify your daily operations and improve productivity across the board. Our full suite of treasury solutions keeps your business moving.

Learn more

Online Banking with Corporate Connect™
Information Reporting
ACH And Wire Initiation
Remote Deposit
Fraud Protection
Lockbox
Sweep Accounts
Commercial Card
Merchant Services
Cash Vault
Controlled Disbursement

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