There are newer employer reviews for Flagstar Bancorp

 

flagstar ok stepping stone

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Mortgage Loan Processor
Former Employee - Mortgage Loan Processor

I worked at Flagstar Bancorp

Pros

Flagstar has a competitive wage, ok benefits, friendly working staff, upper management is good at handling lower management problems or laziness.

Cons

not much room for growth, long hours, not much vacation time or flexibility with schedule, small benefits package. lower management needs more training.

Advice to ManagementAdvice

Offer room for growth or opportunities to go back to school. offer more of a flexible schedule, better benefits for families.

Approves of CEO

134 Other Employee Reviews for Flagstar Bancorp (View Most Recent)

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  1.  

    Flagstar Bank will elevate you to new levels, if you do the same for them

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

    I have been working at Flagstar Bancorp

    Pros

    Flagstar Bank offers a level of security that is not found in larger financial institutions today. The institution is primarily run by a family who started the firm and has been in the business for 39 years. They are very family focused and the employees reap the benefits with support from management. There was an employee who passed away a few years ago and left behind children and a wife and had no life insurance. The leadership stepped up and created a fund to help the family is very short order. That in itself speaks volumes about the type of firm you would be working for. Do not be mistaken, they are very shrewd and make the tough decisions every day. But overall, Flagstar is an amazing company to work for.

    Cons

    Recent private equity investment injecting the typical big bank mentality after years of bliss

    Advice to ManagementAdvice

    Listen to other than yourselves!

    Recommends
    Approves of CEO
  2. 1 person found this helpful  

    Things are improving

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

    I have been working at Flagstar Bancorp full-time (more than 10 years)

    Pros

    Senior level management is trying to make improvements. Things have been quite unstable for last several years, but it feels like things are looking up.

    Cons

    Mid level management has been around too long. No matter how much senior management tries to make improvements, mid level managers are stubborn and unwilling to change. Most managers at that level are only in their position because of seniority. They lack the skills needed to mentor their employees. We basically just do what we are told, so there is really no opportunity to shine and that is sad as there are a lot of brilliant minds at Flagstar. If only their voices were being heard.

    Advice to ManagementAdvice

    Senior management is doing good job communicating to their direct staff but it stops there. Spend some time to really evaluate your middle management team. Take the time to really listen to what people are saying and do something about it.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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