Len Israel is the EVP & CEO of CALCAP Lending, LLC and brings over 30 years of production, operations, risk management, regulatory compliance and capital markets experience to CALCAP’s lending business. Most recently he was President of Mortgage Banking at Flagstar Bank, a leading nationwide lender, where he was responsible for all production, operations, and capital markets activities.
Prior to this national role, Len served as President of Mission Hills Mortgage Bankers, where he was recruited to remedy an FDIC Consent Order in place and restore profitability. Within 3 years the company had effectively removed itself from the order and was sold to Pacific Trust Bank, now Bank of Cal.
Len’s career also includes 5 years with IndyMac Bank (2003- 2008), where he managed the national correspondent platform and warehouse lending businesses. After the bank was placed in receivership, Len was retained to support the FDIC-related tasks associated with positioning the company for sale.
From 1998 – 2003, Len ran CitiMortgage’s Correspondent platform based in St. Louis, MO. Under his leadership, the platform evolved to one of the nation’s leading programs.
Len received his Bachelor of Arts Degree in Business Finance from California State University, Fullerton and his Master of Arts degree in Psychology from Pepperdine University. His affiliations include the Financial Management Association Honor Society, Golden Key National Honor Society and Psi Chi National Honor Society. Len holds a California Department of Real Estate Broker’s license and the Mortgage Bankers Association designation of Certified Mortgage Banker (“CMB”) and is an avid bassist.