128 Employee Reviews (View Most Recent)

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Good leapfrog company, poor structure

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Loan Analyst  in  Troy, MI
Current Employee - Loan Analyst in Troy, MI

I have been working at Flagstar Bancorp full-time for more than a year

Pros

Competitive pay, normal hours, good benefits, good PTO, opportunity to move up

Cons

HR is VERY slow processing promotions, 5+ years before PTO increase or promotion, poor executive management structure ("reorganizations" are very common. Ive been hear 14 months and already 3 reorgs in my department)

Advice to ManagementAdvice

Pay UW's and lower level managers better because you are losing them to competitors, provide a better promotion from within plan.

Recommends
Neutral Outlook
Disapproves of CEO

Other Reviews for Flagstar Bancorp

  1. 1 person found this helpful  

    Review

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Flagstar Bancorp

    Pros

    BPS per loan are good for a bank

    Cons

    Not a clear direction of where company is headed

  2.  

    Great sales experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Banker  in  Jackson, MI
    Former Employee - Personal Banker in Jackson, MI

    I worked at Flagstar Bancorp part-time for more than a year

    Pros

    Opportunity 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)

    Cons

    Commission 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 ManagementAdvice

    Be realistic in employee expectations, get insight from the bottom line, inform before implementation

    Recommends
    No opinion of CEO
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