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
Jun 1, 2010
Recommend
CEO approval
Business Outlook

Pros

As a direct lending manager you have access to the best of both worlds (lender/broker). Your compensation is unlimited because you get to eventually keep all of the profit your team brings in.

Cons

Support system could use work. There is definitely a "go out there an be somebody (with no help)" attitude.

3.0
May 11, 2010
Recommend
CEO approval
Business Outlook

Pros

Flagstar has a competitive wage, ok benefits, friendly working staff, upper management is good at handling lower management problems or laziness.

Cons

not much room for growth, long hours, not much vacation time or flexibility with schedule, small benefits package. lower management needs more training.

4.0
Feb 3, 2009
Recommend
CEO approval
Business Outlook

Pros

Flagstar Bank offers a level of security that is not found in larger financial institutions today. The institution is primarily run by a family who started the firm and has been in the business for 39 years. They are very family focused and the employees reap the benefits with support from management. There was an employee who passed away a few years ago and left behind children and a wife and had no life insurance. The leadership stepped up and created a fund to help the family is very short order. That in itself speaks volumes about the type of firm you would be working for. Do not be mistaken, they are very shrewd and make the tough decisions every day. But overall, Flagstar is an amazing company to work for.

Cons

Recent private equity investment injecting the typical big bank mentality after years of bliss

Viewing 970 - 972 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.