With an acquisition deal negotiated, Flagstar Bancorp Inc. will be able to claim the title of the fourth-largest correspondent mortgage originator.

Flagstar previously reported that overall residential production from all originations channels was $32.453 billion during all of last year.

Included in the Troy, Michigan-based financial institution’s full-year 2016 volume was $24.5 billion in correspondent loan acquisitions.

Source: Mortgage Daily