Flagstar Bancorp

www.flagstar.com
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Flagstar Bancorp Reviews

Updated 5 March 2015
Updated 5 March 2015
153 Reviews
2.5
153 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Flagstar Bancorp President & CEO Alessandro P. DiNello
Alessandro P. DiNello
53 Ratings

Review Highlights

Pros
  • Some good people who mean well, but quality leadership is sorely lacking (in 7 reviews)

  • Competitive pay, normal hours, good benefits, good PTO, opportunity to move up (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)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Satisfied

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Flagstar Bancorp

    Pros

    You can move up quickly within the company.

    Cons

    Pretty decent place to work you just have to maintain your sales quotas.

  2.  

    The work life balance is nice but the overall atmosphere is one of protecting the bottom line and saving face.

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

    I have been working at Flagstar Bancorp full-time (more than 5 years)

    Pros

    The ability to leave work and work and enjoy a family has been nice. Work-life balance is not something you are required to sacrifice.

    Cons

    With the continued changing senior leadership in the company it has been difficult for mid-level managers to establish a consistent management method and to engage employees.

    Advice to ManagementAdvice

    The need for internal growth potential and employee investment is overwhelming and costing the bank in skilled hardworking employees that must leave to achieve a more promising career.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    Flagstar is a good company going through a lot of hard times and difficult changes

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

    I worked at Flagstar Bancorp

    Pros

    Flagstar believes in constant improvement and there are lots of different areas to experience if you have other interests.

    Cons

    There is a lot of red tape and inconsistent structure

    Advice to ManagementAdvice

    Work with the other departments rather than competing against them.

    Recommends
    Neutral Outlook
    Disapproves of CEO
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  5.  

    Exciting rapid pace of change with a great company!

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

    I have been working at Flagstar Bancorp full-time (more than a year)

    Pros

    A great work enviornment with some of the most knowledgable, experienced, and hardworking people in their fields. Team work is off the charts. The rapid pace of change and being at a company who is at the top of their industry is exciting. While a lot of the senior management has changed all the existing and new management are committed and very accessable. The culture is evolving and there seems to be committment from the top to continue improving it. Ability to provide feedback and see change is great. The corporate committment to grow and expand each business line provides a lot of opportunity. Employee recognition and development continues to grow. Employee perks for financial services is great. Really appreciate the work/life balance.

    Cons

    Past poor financial history and management has made it difficult to change the culture as this takes time. It continues to improve each day.

    Advice to ManagementAdvice

    Continue to build the culture and invest in development and accountability of employees. Further investment in technology internal and external.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    No one left that has a sales background

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

    I worked at Flagstar Bancorp

    Pros

    Income insurance and other benefits.

    Cons

    Limited upward potential. Closed minded middle management. Peter principle in full effect.

    Advice to ManagementAdvice

    Throw out anyone who doesnt think sales drives a company

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Good company to work for during a difficult period for banks.

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

    I worked at Flagstar Bancorp

    Pros

    Exceptional work/life balance and culture.

    Cons

    Limited opportunities for upward progression.

  8.  

    Part Time FSR

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Flagstar Bancorp

    Pros

    Great people, good job while in school

    Cons

    Some customers can be rude.

  9.  

    The company has a high turnover rate

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

    I worked at Flagstar Bancorp

    Pros

    It is good to work their if you want to get quick knowledge. It is a fun work envirment

    Cons

    Don expect long-term goals with this company unless you like to work without career advancement.

    Advice to ManagementAdvice

    Catering to your employees determines the success of your company.

    Doesn't Recommend
    Negative Outlook
  10.  

    Constructive Criticism

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

    I worked at Flagstar Bancorp

    Pros

    Good hours & that is it

    Cons

    For the branch I was in there was very lazy management. There was absolutely no team work it was one for all & all for one. There was absolutely zero coaching from management & they will throw you under the bus to keep their job. The blame game was all it was. Very unprofessional assistant manager who was judgmental towards not only customers but employees as well & had a reputation for not getting along with other workers.

    Advice to ManagementAdvice

    In the long run there's no success in laziness so watch your step.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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