There are newer employer reviews for Flagstar Bancorp

Once a great company to work for, now just struggling to survive.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Commercial Lender
Current Employee - Commercial Lender

I have been working at Flagstar Bancorp

Doesn't Recommend
Doesn't Recommend

Pros

The people you work with along with a decent benefits plan and average vacation time.

Cons

Family owned and managed which allows for tough advancement into senior management if you are not a close family friend.

Advice to Management

To many bad business decision shot from the hip have cost your company great loss. Maybe by interacting with employees and following common business practices that have been proven to work you would not be in the mess you are in. I have seen alot of the finest employees leave or be let go by a management team that has no idea of the great talent they let go.

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  1. Helpful (1)

    As everywhere, need to make compromises between what you want and what you are willing to settle for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Troy, MI
    Current Employee - Anonymous Employee in Troy, MI

    I have been working at Flagstar Bancorp

    Approves of CEO
    Approves of CEO

    Pros

    Usually get to work on leading edge technologies.
    Some very solid technical team members.

    Cons

    IT management somewhat disassociated from developer pain points.
    Too much of a top down management style in IT.

    Advice to Management

    Say what you mean and mean what you say.
    Be more transparent.

  2. Flagstar culture and lack of strategic planning and ROI limits it's potential

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Troy, MI
    Current Employee - Anonymous Employee in Troy, MI

    I have been working at Flagstar Bancorp

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Flagstar uses realtively new technology. Flagstar's is headquartered in a relatively new facility.

    Cons

    unfair treatment, gossip, lack of formalized/documeted processes, lack of performance feedback, very few professional growth opportunities, esp. training, lack of strategic planning and ROI analysis on projects, short-term thinking.

    Advice to Management

    Analyze the company culture to see if it is helping to achieve the company's strategic goals and objectives. Review projects for ROI potential and alignment with strategic goals and objectives.

There are newer employer reviews for Flagstar Bancorp

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