Flagstar Bancorp
2.4 of 5 117 reviews
www.flagstar.com Troy, MI 1000 to 5000 Employees

Flagstar Bancorp Reviews

Updated Jul 4, 2014

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2.4 117 reviews

                             

59% Approve of the CEO

Flagstar Bancorp President & CEO Alessandro P. DiNello

Alessandro P. DiNello

(29 ratings)

31% of employees recommend this company to a friend
117 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Competitive pay, normal hours, good benefits, good PTO, opportunity to move up"
    in 5 reviews
  • "Good benefits work life balance"
    in 3 reviews
Cons:
  • "Flagstar has little room for advancement"
    in 4 reviews
  • "No where to grow unless you are in with upper management"
    in 4 reviews
  • Show more review highlights

Reviews

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    • No Opinion of CEO

     

    Wasted Time

    Financial Service Representative (Current Employee)
    Farmington Hills, MI

    ProsIt's a job that pays something

    ConsSalary, Benefits, no time off, work hours

    Advice to Senior ManagementPromote the people that actually work hard and not just the kiss-ups.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Flagstar Review

    Project Manager (Former Employee)
    Troy, MI

    ProsGood people; knowledgeable resources; average pay range for position

    ConsDue to recent leadership change the bank seems to be in a downsizing mode. Future for many there is uncertain at this time

    No, I would not recommend this company to a friend

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    Poorly Managed Company

    Anonymous Employee (Former Employee)
    Troy, MI

    ProsIt bought me some time for my next career move.

    ConsToo many to list here. It's a good idea for interested persons to find out for themselves.

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    awesome

    Teller (Current Employee)
    Grand Rapids, MI

    Prosthis company has awesome pay

    Consi have absolutely nothing bad to say

    Advice to Senior Managementcontinue to make the workplace an awesome place

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Open accounts and provide customer service.

    Anonymous Employee (Current Employee)

    ProsThey customers seem to be fairly loyal

    ConsThere is little room for advancement and the leadership is constantly changing goals.

    Advice to Senior ManagementDevelop a better training program for banking staff.

    Yes, I would recommend this company to a friend

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    Great People, Not So Great Internal Coordination/Communication

    Anonymous Employee (Current Employee)

    ProsThere are many good people that do a lot for their community and genuinely care for others, especially customers and coworkers.

    ConsDepartments are like nuclear missile silos, especially the large generic departments like marketing. They either don't think to communicate and share info, or they don't want to. At times it is like 100 little companies, instead of 1. The officers club also exists like the military in the 1950's. Non-Officers don't communicate with officers outside their direct reports.

    Advice to Senior ManagementForce your employees to share information across teams and titles. Job titles are just a function, not a symbol or culture of your status.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Good stuff

    Clerk (Current Employee)
    Detroit, MI

    ProsGreat company, reputable corpoation that is good

    Consnone that I can think of

    Advice to Senior Managementnone that i can think of

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Good place to work...not great

    Financial Service Representative (Former Employee)
    Lansing, MI

    ProsGreat hours...Sundays off and paid holidays. Easy to maintain life outside of work.
    Friendly environment. Enjoyed my coworkers.

    ConsWork is a bit redundant and dull at times

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Worst place to work

    Anonymous Employee (Former Employee)
    Troy, MI

    ProsThere is no Pros I can say about this place

    ConsManagement are downers, they like to punish employees, they are never encouraging. You are expected to meet or exceed quota of loans per day, If you don't meet they count it against you. Always sending out reports called QC on a weekly basis to show each employee mistakes, according to the loan officer these are learning tools not to punish you. Ha not true you are allowed only 2% error ratio per year on mistakes you make on a loan. Training is bad, instructor had no inkling clue how to train you, kept calling or asking other employees for answers. Felt miserable in this place daily, not a happy place to work. I plan on telling others please do not bank or work at this place.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Very good group of motivated professionals.

    Anonymous Employee (Former Employee)

    Prostop management appreciation of employees in all departments. good updated equipment and software in all areas. dedicated employees in all areas.

    Consno significant downsides for a regular employee, except for sometimes unrealistic work hours that adversely impact work-life balance that the company touts.

    Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Flagstar Bancorp reviews and ratings — including employee satisfaction and approval rating for Flagstar Bancorp CEO Alessandro P. DiNello. All 117 reviews posted anonymously by Flagstar Bancorp employees.