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
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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. Flagstar has the potential to be the best.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker
    Current Employee - Personal Banker

    I have been working at Flagstar Bancorp full-time (less than a year)

    Pros

    As I said great customer service good work life balance decent benefits except maybe the 401k. Good PTO flexibility and alot of good people working in retail banking.

    Cons

    The salary pay for bankers is down right criminal. Lots and lots of turnover and I assume its due to the low pay wages in retail banking. Recruiting system is horrible.

    Advice to ManagementAdvice

    If Flagstar could atleast become competitive in its pay rate for banking employees. They rank at the bottom compared to others. Senior management wanted to know why they can't retain people. My advice to senior management is stop avoiding the questions you already know the answers to.

    Recommends
    Positive Outlook
    No opinion of CEO
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