Flagstar Bank reviews

2.8

29% would recommend to a friend

(972 total reviews)
avatar

Alessandro P. DiNello

36% approve of CEO

21% positive business outlook

Flagstar Bank has an employee rating of 2.8 out of 5 stars, based on 972 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Flagstar Bank employee rating is 25% below average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

972 reviews
3.0
Sep 18, 2023

Certainly love/hate

Recommend
CEO approval
Business Outlook

Pros

Flexible, work environment at the branch level is enjoyable, executive management doesn't expect staff to force products onto customers. Since Flagstar merger significant improvement shown.

Cons

These are from NYCB prior to the merger as I am an NYCB employee, cons marked with an asterisk (*) are still an issue but have been improved since the merger. Technology* Outdated operations* No executive visibility* When policies roll out they are unclear and often several revisions are needed Pay* (Flagstar has implemented an incentive structure, base pay still lacking) Communication between back office and branch is often vague, unprofessional, and provide no assistance, 2nd and 3rd requests often needed for a response. STAFFING- I cannot stress this enough, almost 10 years here and for about a collective 12 months have my branches been at 80% staff or higher. Usually branches operate about 60% or less

2.0
Aug 24, 2023
Recommend
CEO approval
Business Outlook

Pros

Nice place to mingle, good atmosphere

Cons

Everything is micro managed, too many mid level supervisors, too many busy work positions that are not needed within company.

2.0
Apr 5, 2023
Recommend
CEO approval
Business Outlook

Pros

Decent wealth management opportunities with older clients.

Cons

• Lazy and “fake” management • Poor company culture • Certain bankers unable to handle small amount of stress • Awful technology • Not much in the way of useful education from bankers to managers • Can’t keep bankers to save their life

Viewing 88 - 90 of 972 Reviews

Glassdoor has 1,067 Flagstar Bank reviews submitted anonymously by Flagstar Bank employees. Read employee reviews and ratings on Glassdoor to decide if Flagstar Bank is right for you.