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Flanagan State Bank


TPO Division

We currently offer the following channels to do business with us:




Delegated Correspondent

For further information on which channel would be best for your company, please see our Channel Options Page, contact us at or by phone at 815-676-0990.


Currently Lending in ALL states except: NY, MA, VT, CT, ME, RI, NH, NJ, VA, AK and Washington D.C.  (HI - Delegated Only) 

What is a TPO Division?

TPO is short for Third Party Origination.  If you are a Mortgage Broker, Mortgage Banker or Financial Institution who originates mortgage loans and would like to reduce their underwriting risk while increasing revenue, then a Wholesale/TPO Lender is perfect for your institution.  We underwrite, close and fund loans across the nation!

If you are a consumer looking for a mortgage loan, please visit our retail website to find a Loan Officer that can assist you! 

Why should you consider Flanagan State Bank?

We specialize in Government Loans!

USDA, FHA & VA is our specialty!  We are very experienced in these loan types and can often see ways to get them done that others cannot.  We will manually underwrite these loans, too!  We are very good at conventional loans, too!


Our Underwriting team is amazing!  They look for solutions, not denials.  We understand your business and how important closing loans is to the success of you and your company.

Competitive Rates

Only one company can claim to have the best rates.  While we would be happy to claim this title, we know how hard that is to do.  What we will claim is to have competitive rates.  

Mortgage Support Team

This team is designed specifically to support you and your team!  From guidelines questions to full written prequalifications, this team is here to answer any and all your mortgage related questions!  Email them at

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