Flagstar Bancorp

  www.flagstar.com
  www.flagstar.com
There are newer employer reviews for Flagstar Bancorp

 

I help with account openings, bringing in new clients, and assisting with any account issues, in addition to teller work

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Financial Service Representative in Marietta, GA
Current Employee - Financial Service Representative in Marietta, GA

I have been working at Flagstar Bancorp

Pros

You do get 3 weeks of vacation a year

Cons

Open 7 days a week, and 7:30a.m. - 7:30p.m. Monday-Friday

Advice to ManagementAdvice

No one comes to the branches that early or that late. All the Retail banking employees hate the hours. Also, we are dead on Sundays. Cut Sunday and shorten Monday-Friday and your employees would actually enjoy the job a little.

Disapproves of CEO

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

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  1. 2 people found this helpful  

    Avoid Flagstar unless a major management shake-up occurs

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

    I worked at Flagstar Bancorp

    Pros

    In IT, you can do whatever you wish, as the only standard practice is to make up your own personal standards.

    Cons

    Regarding IT software development management: none are competent, all are wishy-washy and unwilling to take a stand on anything, especially development standards. None are qualified for the job and would be better off doing another type of work: your best doers are not generally your best managers.

    New management is totally ineffective: they added another layer without ousting any of the managers that are holding the company back. This is especially true in IT and loss mitigation.

    Advice to ManagementAdvice

    How can you continue to ignore the bleeding in loss mit?!?!? Remove the old management, choose an automated method to improve the workflow, and get the work done. If need be, bring in new staff that aren't so locked into the old manual ways of doing things.

    I have never seen a takeover involve NO firings of existing management. The new management needs to root out the deadwood and get things headed in a positive direction.

    Doesn't Recommend
    No opinion of CEO
  2.  

    Interviewer Beware

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Software Developer in Troy, MI
    Former Employee - Software Developer in Troy, MI

    I worked at Flagstar Bancorp

    Pros

    7.5 hour work days, and finally adpoting buisness casual dress code are about all I can think of.

    Cons

    After becoming a distressed company and being purchased by Matlin Patterson in 2008 things have really fallen apart. Be warned that this company has slashed the I.T. department quarterly since then. Only with the recent improvement in the job markets has hiring re-started. Most currently employees will admit to looking for new employment elsewhere and their churn rate is on average 1 employee leaving per week.

    While Boasting an "Agile" development shop, this is rather new and poorly implemented with more paperwork and requirements than some waterfall approaches. The technology is fragmented across multiple systems, languages and even within languages. A good example would be the use of Struts 2, 3 and Spring or Ant and Maven or Java 1.4-1.6 depending on the day.

    If you are in need of a job to feed your family, perhaps consider an offer but don't stop looking. If you think this warning may be outdated as about the newly Morale committee (2010) and what they are doing to improve morale and reduce the number of veteran developers leaving.

    Advice to ManagementAdvice

    Trim your management down, or find something constructive to do with the mid level managers.

    Doesn't Recommend
    Disapproves of CEO
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