There are newer employer reviews for Flagstar Bancorp

 

Would've Liked to Stay

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

I have been working at Flagstar Bancorp

Pros

As a direct lending manager you have access to the best of both worlds (lender/broker). Your compensation is unlimited because you get to eventually keep all of the profit your team brings in.

Cons

Support system could use work. There is definitely a "go out there an be somebody (with no help)" attitude.

Advice to ManagementAdvice

Make sure future branch managers have all the tools at their disposal (processors, originators, human resource support) before you even think about opening an office.

No opinion of CEO

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

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  1.  

    Place is a joke

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

    I worked at Flagstar Bancorp

    Pros

    Bonus and incentive pay are wonderful if you get lucky enough to reach the ridiculous goals they set for the branch.

    Cons

    They make their branch goals almost impossible to reach. Their mentality on getting clients to open different accounts and products is comparable to that of a cheesy used car salesman. I took training, studied and got certifications to improve myself and my stock within the company so I could move up and I was constantly rejected. Then on the day I submitted my 2 week notice I was offered a management position but by that time I was so sick of how they did business, I didn't care.

    Advice to ManagementAdvice

    Making threats to your employees is not a great motivator in order to get more sales and accounts. It actually causes them to panic and they take whatever means necessary to meet the goals and often times quality of customer service is not up to par because they're only worried about getting people in accounts to meet specific goals instead of setting them up with the accounts that would be the best fit for the client.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    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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