Flagstar Bank reviews

2.8

30% would recommend to a friend

(972 total reviews)
avatar

Alessandro P. DiNello

37% approve of CEO

22% 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
Oct 23, 2013

Current Employee.

Recommend
CEO approval
Business Outlook

Pros

Nice people, Good working conditions, great hours, great benefits

Cons

Very low pay, not much room for advancement, work quota's that can be hard to reach, error ratios that are hard to stay below. Many Departments being closed and outsourced. Overtime is almost impossible to get.

4.0
Oct 19, 2013

Good experience

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Team building experiences encouraged Management wants ideas of ways to improve processes

Cons

Many changes in the last years leads to feelings of uncertainty in departments Low salary range for positions in comparison to market

1.0
Sep 25, 2013

Worst place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

There is no Pros I can say about this place

Cons

Management are downers, they like to punish employees, they are never encouraging. You are expected to meet or exceed quota of loans per day, If you don't meet they count it against you. Always sending out reports called QC on a weekly basis to show each employee mistakes, according to the loan officer these are learning tools not to punish you. Ha not true you are allowed only 2% error ratio per year on mistakes you make on a loan. Training is bad, instructor had no inkling clue how to train you, kept calling or asking other employees for answers. Felt miserable in this place daily, not a happy place to work. I plan on telling others please do not bank or work at this place.

Viewing 916 - 918 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.