Flagstar Bancorp

  www.flagstar.com
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127 Employee Reviews (View Most Recent)

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1 person found this helpful  

Horrible management from the bottom to the top

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Commercial Lender  in  Troy, MI (US)
Former Employee - Commercial Lender in Troy, MI (US)

Pros

Can't think of any real positives. Maybe that there is a half decent cafe on site but its too expensive.

Cons

professionals have to punch in and out like factory workers. Timecard is watched like a hawk
seems like everyone is unhappy. Its a very depressing environment

Advice to ManagementAdvice

Support your staff, get rid of useless middle management that don't know what they are doing.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

Other reviews for Flagstar Bancorp

  1. 1 person found this helpful  

    Michigan owned and operated!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loss Mitigation  in  Troy, MI (US)
    Former Employee - Loss Mitigation in Troy, MI (US)

    Pros

    Actually a good company overall. Michigan based company ran and operated by people who actually live in Michigan. I was promoted twice in two years. The opportunity for growth was present, there were always employees transfering departments. Great cafeteria with staff chefs and cooks, flat screen tv's, barbeque cookouts in the summer. Overtime. Really a lot of nice perks.

    Cons

    While the opportunity for growth was there....the pay for performance was severely lacking. While I was promoted twice in a short period of time, I was kept at the same pay grade. Most people within the company were unhappy with their job. Upper Management puts unnecessary pressure on its lower management and that just trickles down to the common employees. Smoke breaks given to people to smoke, but if you do not smoke, do not expect a break other than your lunch. If you called in sick, your manager would call you back and ask what was wrong, why you were taking the day off. Very little respect for work/life balance.

    Advice to ManagementAdvice

    Actually listen to the empolyees, if you give them more freedom, they will perform better.

    Recommends
    Positive Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    I was promoted from within and given room to grow, but remain very underpaid and slightly overworked.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Unix Systems Administrator  in  Troy, MI (US)
    Current Employee - Unix Systems Administrator in Troy, MI (US)

    Pros

    New hires are generally well paid and given opportunities to establish themselves. Support for training and professional development is also generally high. The bank is also frequently investigating or implementing new systems to bolster it's mortgage and lending platforms.

    Cons

    At times management and it's actions completely disconnect from reality in the IT department. IT makes solving problems long term very difficult. I can't speak for banking. The new management seems to be aligning the banking and lending arms with the needs of small businesses and mortgage consumers well.

    Advice to ManagementAdvice

    This company used to have a very "Family Owned" feel to it. There were minor social events which brought the various people and areas of the bank together, if only briefly. I know the more sarcastic employees scoffed at these gestures, but they did have an impact on overall morale and the familiarity of people within various business groups.

    No opinion of CEO
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