Flagstar Bank Reviews | Glassdoor

Flagstar Bank Reviews

Updated February 7, 2017
43 reviews

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4.0
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Flagstar Bank President & CEO Alessandro P. DiNello
Alessandro P. DiNello
19 Ratings

43 Employee Reviews

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Pros
  • Great co-workers, they are trying to turn it around and increase morale (in 6 reviews)

  • Great place to work if you live near by (in 7 reviews)

Cons
  • Upper management micromanages to the extreme (in 11 reviews)

  • There is little room for advancement and the leadership is constantly changing goals (in 5 reviews)

More Pros and Cons

  1. "underwriting assistant"

    Star Star Star Star Star
    Current Employee - Underwriting Analyst in Troy, MI
    Current Employee - Underwriting Analyst in Troy, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Flagstar Bank full-time

    Pros

    Love the hours very flexible, love the benefits.

    Cons

    No clear path for advancement

    Advice to Management

    A clear path for advancement


  2. "Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Flagstar Bank full-time

    Pros

    PTO time, incentives, and holiday time off

    Cons

    Insurance expensive, not enough tellers


  3. "Good Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Contract Employee in Troy, MI
    Current Contractor - Contract Employee in Troy, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Flagstar Bank as a contractor (Less than a year)

    Pros

    Great hours and management
    good location, benefits and competitive pay

    Cons

    If you are brought in as a contract worker, it is almost impossible to get hired into the company, regardless of the promises they tell you. A few get hired on but most get replaced by current employees wanting to try something different. I have seen many replaced by less qualified people, including myself. A current employee gets first preference, regardless of thier quailifications.

    Advice to Management

    If you have a good contract worker who has performed extremely well, you should find the time to help that person find a different position within the company, promised without action leads to you losing a great employee and another company gaining that great employee.


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  5. Helpful (2)

    "Small and Local"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Sales Manager in Troy, MI
    Former Employee - Assistant Sales Manager in Troy, MI
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Flagstar Bank full-time (More than 3 years)

    Pros

    Great way to interact with the local community and allow businesses in MI to bank with a MI based bank. Great Products and very competitive rates.

    Cons

    Upper Management always making unrealistic sales goals and staffing banking centers with less people and more duties.

    Advice to Management

    Just be prepared to do it all.


  6. Helpful (1)

    "Good place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Auditor in Troy, MI
    Current Employee - Auditor in Troy, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Flagstar Bank full-time (More than 5 years)

    Pros

    They have good benefits, the people are enjoyable to work with and I have gained valuable work experience.

    Cons

    The career path is not that clear if you are looking to advance within the company.

    Advice to Management

    Have a clearer career path for current employees


  7. Helpful (1)

    "Pretty good overall"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Service Representative
    Former Employee - Financial Service Representative
    Recommends

    I worked at Flagstar Bank part-time

    Pros

    I enjoyed the people I worked with and it was a nice atmosphere. I worked in the Birmingham location so the customers were pleasant overall. Getting a bonus for meeting our goals was always nice.

    Cons

    It turned into an aggressive sales position and I felt uncomfortable constantly selling products. We even had to cold call at one point which is way out of my comfort zone.


  8. Helpful (1)

    "Another Bank"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Once a great place to work

    Cons

    many changes to the banking industry have affected the out look at Flagstar


  9. Helpful (1)

    "Loved it - before the company was purchased by an investor."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Flagstar Bank full-time

    Pros

    Very entrepreneurial energy,
    You got back in respect and income what you put into it.
    Most of the managers know what they are doing and are there to support.

    Cons

    Many of the senior managers forget what its like to be on the road and make internal decisions that are just not feasible.
    Just like any sales AE job - they ask for report after report after report and then ask you why you're not making outside sales calls to your clients. Well there are only so many hours in a day. :)


  10. "Flagstar is a welcoming environment"

    Star Star Star Star Star
    • Senior Management
    Current Employee - Anonymous Employee in Troy, MI
    Current Employee - Anonymous Employee in Troy, MI
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Flagstar Bank (More than 10 years)

    Pros

    Leadership is smart and dedicated, benefits are competitive, people are friendly,

    Cons

    Lots of changes as company has recovered from housing downturn

    Advice to Management

    Stick to the business plan


  11. "Regional Sales Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - AVP-Regional Commercial Lender in Indianapolis, IN
    Former Employee - AVP-Regional Commercial Lender in Indianapolis, IN
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Flagstar Bank full-time (More than 5 years)

    Pros

    Expectations are clearly given as well as the direction and support from upper management. LOVED working for this company.

    Cons

    They sold their Indiana and Georgia Divisions-but a smart business decision.

    Advice to Management

    Come back to Indy Market. Allesandro Dinello is an outstanding leader and visionary that provides his management team with the support they need to be successful.



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