Mark Hammond, formerly with Flagstar Bank, has joined United Shore Financial Services as co-chairman.
Hammond served in multiple executive management roles at Flagstar Bank, including CEO, president and vice chairman. He helped grow the company from a de novo bank to a major financial institution with more than $16.8 billion in assets and a strong presence in the mortgage industry.
Hammond also served on the advisory board for Fannie Mae, Freddie Mac and Real Estate One. Currently, he is a managing partner of Alidade Capital, a Michigan-based private equity firm.
Hammond will work closely with Jeff Ishbia, current chairman and founder of USFS, in leading the 27-year-old company.
Troy, Mich.-based USFS operates three brands, including United Wholesale Mortgage, the fourth largest wholesale mortgage lender in the country, Shore Mortgage and Capital Mortgage Funding.
