Flagstar Bancorp

  www.flagstar.com
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Flagstar Bancorp Reviews

Updated Jul 14, 2014

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All Employees Current Employees Only

2.4 119 reviews

58% Approve of the CEO

Flagstar Bancorp President & CEO Alessandro P. DiNello

Alessandro P. DiNello

(31 ratings)

32% of employees recommend this company to a friend

Review Highlights

Pros
  • Competitive pay, normal hours, good benefits, good PTO, opportunity to move up(in 5 reviews)

  • Some good people who mean well, but quality leadership is sorely lacking(in 5 reviews)


Cons
  • And often changes in upper management in the last 3 or 4 years(in 7 reviews)

  • Flagstar has little room for advancement(in 4 reviews)

36 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Lots of excellent people to work with. Unfortunately the company was very unorganized which could be difficult.

    Loan Closer/Funder (Former Employee) Troy, MI (US)

    ProsLots of excellent people to work for and a reasonable pay. There was pressure to get things done but management was understanding. They were also pretty flexible, I was also a college student at the time and they allowed me to leave early on multiple occasions to study and make it up later.

    ConsI had a difficult time growing there because there seemed to be lacking room for growth.

    Advice to Senior ManagementOrganize the company and create a corporate culture that encourages learning and personal growth

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

     

    For the most part, the experience was good especially in the beginning.

    Anonymous Employee (Former Employee)

    ProsThere was an increased emphasis in training and it's good to be exposed to some training that doesn't necessarily involve your job.

    ConsThere were too many levels of management and not enough communication throughout. And often changes in upper management in the last 3 or 4 years. It's difficult for me to recommend Flagstar as a good place to work anymore.

    Advice to Senior ManagementInvolve everyone so they feel part of the process.

    • Culture & Values
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    • Senior Management
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    • Approves of CEO

     

    Management is constantly changing....lack of consistency

    Anonymous Employee (Current Employee)

    ProsSome really great people within the organization to work with, but many of them do not stay because their contributions are not valued. The work is interesting, and assignments are challenging.

    ConsNot enough management training
    lack of upward mobility
    focus of company seems to constantly change

    Advice to Senior Managementcross train employees, better 401K benefits needed, work on retention of quality employees.

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    I've actually heard from someone that 'We work for peanuts...'

    Loan Analyst (Former Employee) Troy, MI (US)

    ProsEveryone is pretty much friendly and tend to work and get along together quite often in my experience.

    ConsThere are areas or departments where employees are quite under paid and takes long periods of time for small monetary increase , but management always expect for constant hard work and dedication.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    anonymous

    Anonymous Employee (Former Employee)

    ProsCoworkers are like second family. great location. sort of relaxed environment depending on department

    ConsToo many hours, too many projects that are started and never finished, too many managers, difficult to move up within company

    • Culture & Values
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    • Senior Management
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    • No Opinion of CEO

     

    Former AE

    Account Executive (Former Employee)

    ProsFlagstar is well known in the wholesale lending arena. They were one of the first to bring the concept of the emerging banker into the lending world, so they are very good at it. They have excellent technology as well.

    ConsThey have recently laid off of bunch of individuals and the ownership is different now than when I worked there, so I am not the best person to speak on how things are now. It has been longer than 2010 since I worked there, however the system doesn't have that option. I am a stockholder though, so I still know what is going on to some degree there.

    • Culture & Values
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    • Approves of CEO

     

    A very fast pace environment with growth potential, if you are willing to put in a lot of hours.

    First Vice President (Current Employee) Troy, MI (US)

    ProsAbility to make a difference in a growing company.

    ConsPoor systems, weak infrastructure. A lot of manual work.

    Advice to Senior ManagementPeople are the greatest asset - treat them with respect and they will do great things for you.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • No Opinion of CEO

     

    My experience at Flagstar started off ok. Then it became a nightmare. They started to track your every move.

    Post Closer (Former Employee) Troy, MI (US)

    ProsThey are willing to hire people with little to no experience. There is some potential to move up.

    ConsManagement is rude. There is no lunch room on any of the floors. You have to share microwaves with the whole company.

    Advice to Senior ManagementManagement needs to stop mico-managing their employees. They make you feel like you are always doing something wrong. They need to encourage their employees more. This will help boost moral.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

     

    Flagstar bank is an alright place to work, tough to move within.

    Loan Officer (Former Employee) Troy, MI (US)

    ProsFlagstar is a small enough bank that most people at corporate are known around. They have the big bank name and small to medium bank feel that makes customers feel comfortable.

    ConsIt felt difficult to get promoted within, most people have been there for a while and like where they were at and content without going anywhere.

    Advice to Senior ManagementShow a path to career advancement to new employees.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Senior Loan Officer

    Senior Loan Officer (Former Employee) Bloomfield Hills, MI (US)

    ProsClean, secure work environment. No clock to punch and little to no supervision. Extremely easy interview process, acceptance and placement. Given trust from day one.

    ConsI worked for Flagstar for one year. Unfortunately, I found no encouragement to succeed. No corporate culture. No "in person" training. No career path and restrictive prospecting policies.

    Advice to Senior ManagementPay a "living wage" to those who provide professional services on behalf of the bank. Engage in in person training and create a corporate culture of any kind. Encourage management to take an interest in employees in the field. Include all employees in year end bonuses when bonuses are given.

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

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