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Taking out a loan can be confusing but it doesn't have to be. Read Flagstar Bank's mortgage loan FAQs and get the answers you need.Fill out and submit this form to add tax and insurance to your monthly mortgage payments. Escrow Waiver Request — Prefer to pay taxes and insurance separately? There are many things to think about when taking out a loan. Read through Flagstar Banks home loan FAQs to find the answers you are looking for. Our experienced home loan advisors can help you find the right mortgage loan for your situation and guide you through the process. Once the loan is closed, the complete loan package is sent to Clayton to perform the Credit and Compliance component review work. Reconveyance Clause – The clause in a deed of trust that states once a mortgage loan is repaid in full, the title will be given to the borrower. All Real Estate Lease Agreements Mortgage Agreements.