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Lee Smith serves as Senior Executive Vice President and President of Mortgage at New York Community Bancorp, Inc. In this role, he is responsible for the direction and oversight of all aspects of mortgage, including mortgage sales and originations, secondary and capital markets, mortgage fulfillment operations, and mortgage servicing, as well as the strategic growth of the mortgage and servicing businesses.

He joined Flagstar in 2013 as Executive Vice President and Chief Operating Officer and held that position until his appointment as head of Mortgage in 2020. As COO, he played an integral role in the turnaround of Flagstar in addition to his responsibilities for several key business units—including mortgage servicing—as well as strategy, balance sheet and cost optimization, and mergers and acquisitions.

Prior to joining Flagstar, he was a partner with MatlinPatterson Global Advisers LLC, a private equity fund based in New York, where he managed a number of portfolio companies across a multitude of industries and sat on various boards.