Flagstar Bancorp

  www.flagstar.com
Work in HR? Unlock Free Profile

Flagstar Bancorp Reviews

Updated Jul 23, 2014

Be The First To
Add Photos

All Employees Current Employees Only

2.4 121 reviews

58% Approve of the CEO

Flagstar Bancorp President & CEO Alessandro P. DiNello

Alessandro P. DiNello

(33 ratings)

32% of employees recommend this company to a friend

Review Highlights

Pros
  • Competitive pay, normal hours, good benefits, good PTO, opportunity to move up(in 5 reviews)

  • Some good people who mean well, but quality leadership is sorely lacking(in 5 reviews)


Cons
  • And often changes in upper management in the last 3 or 4 years(in 7 reviews)

  • Flagstar has little room for advancement(in 4 reviews)

37 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Senior Loan Officer

    Senior Loan Officer (Former Employee) Bloomfield Hills, MI

    ProsClean, secure work environment. No clock to punch and little to no supervision. Extremely easy interview process, acceptance and placement. Given trust from day one.

    ConsI worked for Flagstar for one year. Unfortunately, I found no encouragement to succeed. No corporate culture. No "in person" training. No career path and restrictive prospecting policies.

    Advice to Senior ManagementPay a "living wage" to those who provide professional services on behalf of the bank. Engage in in person training and create a corporate culture of any kind. Encourage management to take an interest in employees in the field. Include all employees in year end bonuses when bonuses are given.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    It was A great learning experience

    Loss Mitigation Speciaist (Former Employee) Troy, MI

    ProsIf you get into the right department, your learning can be endless

    ConsYou work for a company and bust your butt and work 50-60 hrs a week and then they decide to outsource your work and you are out of a job.

    Advice to Senior ManagementQuit hiring friends and relatives as team leads and managers and hire people on their dedication and performance.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Current Employee.

    Loan Analyst (Current Employee) Troy, MI

    ProsNice people, Good working conditions, great hours, great benefits

    ConsVery low pay, not much room for advancement, work quota's that can be hard to reach, error ratios that are hard to stay below. Many Departments being closed and outsourced. Overtime is almost impossible to get.

    Advice to Senior ManagementStop outsourcing your business and laying off employees. The employees you have now have experience in your company and could help you with your new vision if you let us. Increase the pay and give hard working current employees a chance to get into management positions.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Flagstar Review

    Project Manager (Former Employee) Troy, MI

    ProsGood people; knowledgeable resources; average pay range for position

    ConsDue to recent leadership change the bank seems to be in a downsizing mode. Future for many there is uncertain at this time

    No, I would not recommend this company to a friend

     

    Open accounts and provide customer service.

    Anonymous Employee (Current Employee)

    ProsThey customers seem to be fairly loyal

    ConsThere is little room for advancement and the leadership is constantly changing goals.

    Advice to Senior ManagementDevelop a better training program for banking staff.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Very good group of motivated professionals.

    Anonymous Employee (Former Employee)

    Prostop management appreciation of employees in all departments. good updated equipment and software in all areas. dedicated employees in all areas.

    Consno significant downsides for a regular employee, except for sometimes unrealistic work hours that adversely impact work-life balance that the company touts.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Average conditions. Nothing special. Nothing horrible.

    Insuring Specialist (Former Employee) Troy, MI

    ProsHealth insurance is not bad.

    ConsNo flex scheduling, must work 8:30 - 5 with an hour lunch, 37.5 hour work week instead of 40

    Advice to Senior ManagementYou will continue to lose employees to other mortgage companies and banks that offer better pay and 40 hour work weeks, and flexible scheduling.

    No, I would not recommend this company to a friend

    1 person found this helpful  

    Review

    Anonymous Employee (Current Employee)

    ProsBPS per loan are good for a bank

    ConsNot a clear direction of where company is headed

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great sales experience

    Personal Banker (Former Employee) Jackson, MI

    ProsOpportunity to make decent and above average income, great subordinate culture, independence in sales attainment, somewhat supportive management (every manager is different; some great some not so great)

    ConsCommission pay two months out, opportunities for promotion beyond personal banker is difficult and unlikely, positions are available as they are available, no succession planning, very quota/sales driven, new ideas and creativity looked down upon

    Advice to Senior ManagementBe realistic in employee expectations, get insight from the bottom line, inform before implementation

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Project Management

    Project Manager (Former Employee) Troy, MI

    ProsExposure to C-level executives, talented managers, focused on professional development, good strategic goals by management, good benefits, responsive facilities team.

    ConsLack of scheduling to to coordinate meetings, lack of available conference rooms, cubical environment located in high traffic areas and printers are located within cubical area can be very noisy/too much traffic, short on employee parking, no option to work remotely for non-meeting days.

    Yes, I would recommend this company to a friend

Worked for Flagstar Bancorp? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.