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
1.0
Sep 22, 2021

Low pay, high demands

Recommend
CEO approval
Business Outlook

Pros

Remote work available (prepare to be micromanaged for it).

Cons

Management goes out of their way to ensure you don’t make a dime of incentive. Despite many companies offering remote work in light of covid, Flagstar seems to think offering remote work gives them the right to text you on personal devices during break times to demand why you are logged off without giving any benefit of the doubt that maybe their outdated IT systems are the issue. When you explain you did not log out of the system, you’ll get accused of lying. Little flexibility with schedule, constant micromanaging emails far before your deadlines are even due, no matter how well you are performing. You are expected to be excited when the team reaches their goals despite you never seeing any sort of financial compensation as the higher ups rake in bloated salaries. Often having to email underwriters for things they overlook or claim aren’t there, which doesn’t build your confidence in the underwriter training programs at Flagstar. They could not offer much insight in team meetings as to why work had slowed to a crawl despite other companies having plenty of work and opportunities to close loans. If you want to excel, truly gain valuable experience in the mortgage industry and receive fair bonus and compensation in exchange for hard work, look elsewhere. It’s not here.

1.0
Jul 28, 2021

Horrible company

Recommend
CEO approval
Business Outlook

Pros

There really are none except you receive a paycheck

Cons

Everything besides receiving a paycheck

4.0
Jul 7, 2021

Not bad

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

A lot of flexibility, 37.5 hours is full time, decent benefits

Cons

Technology is not great. Updates take too long and IT acts like every issue is user error.

Viewing 100 - 102 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.