Flagstar Bank Reviews | Glassdoor

Flagstar Bank Reviews

Updated September 13, 2017
83 reviews

Filter

Filter


83 Employee Reviews

Sort: PopularRatingDate

Pros
  • Good benefits good work life balance decent incentive plan (in 10 reviews)

  • Several good people there, but hurt through severe silos, political playing and very large turnover (in 13 reviews)

Cons
  • Lack of connection with upper management (in 14 reviews)

  • Flagstar has little room for advancement (in 5 reviews)

More Pros and Cons

  1. "Assistant Branch Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    gained lots of mortgage experience

    Cons

    incentive pay for sales is low


  2. "Loan Servicing"

    StarStarStarStarStar
    • Work/Life Balance
    Former Employee - LOAN BOARDING & TRANSFER SERVICING SPECIALIST in Saint Clair Shores, MI
    Former Employee - LOAN BOARDING & TRANSFER SERVICING SPECIALIST in Saint Clair Shores, MI
    Recommends

    I worked at Flagstar Bank (More than a year)

    Pros

    A great company to work for.

    Cons

    Hard to move around within the company

  3. "Supervisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Invoice Management Supervisor in Troy, MI
    Former Employee - Invoice Management Supervisor in Troy, MI
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great hardworking people, decent benefits and PTO

    Cons

    Many people vying for the moving up the ladder positions so it can tend to get cut throat. Salary increases tend to be very small. HR tends to err more on the belief side of the employees not Management which can make you very afraid to stand your ground


  4. Helpful (1)

    "Avoid"

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

    Pros

    Consistent work. Kept busy most times

    Cons

    Very poorly run by management across the board.


  5. "Good entry level not career minded"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Manager in Detroit, MI
    Current Employee - Assistant Manager in Detroit, MI
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good starter out of college or with no degree, very flexible.

    Cons

    Performance can be noticed but compensation just not there

    Advice to Management

    Reward those who are valuable and insure your success


  6. "Branch Manager"

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

    I worked at Flagstar Bank full-time

    Pros

    Great coworkers and working atmosphere.

    Cons

    Mortgage processing could have been swifter at times.


  7. "Final Document Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Final Document Associate in Detroit, MI
    Former Employee - Final Document Associate in Detroit, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Flagstar Bank (Less than a year)

    Pros

    Being able to help clients understand how their mortgage works on they behave.

    Cons

    Data base needed more updating.

    Advice to Management

    More on hand with employees

  8. "Licensed Senior Relationship Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Licensed Senior Relationship Banker in Jackson, MI
    Former Employee - Licensed Senior Relationship Banker in Jackson, MI
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Flagstar Bank is a wonderfully community driven bank and was fantastic to work for as an organization. Flagstar offers great opportunity for advancement and training.

    Cons

    A lot of the business is cut throat and you are competing with everyone, at all times. It is in fact a very stressful environment and sometimes you have no idea who your allies are, including upper management.

    Advice to Management

    Management should never discuss private employee matters with the rest of the entire staff. This was discussed at the exit interview.


  9. "Financial services"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Base salary and you get compensation for gas when you go to training.

    Cons

    You are forced to stand rather than sit behind the desk.


  10. "Decent company, terrible benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Bank Teller in Lansing, MI
    Former Employee - Bank Teller in Lansing, MI

    I worked at Flagstar Bank part-time (Less than a year)

    Pros

    Good working environment, decent support from management for lower level employees.

    Cons

    Cut part time hours to a maximum of 18 hours per week. No part time benefits, full time benefits aren't great either. Branch systems very out of date.

    Advice to Management

    Take better care of your employees.


Showing 83 of 272 reviews
Reset Filters