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
1.0
Oct 28, 2019
Recommend
CEO approval
Business Outlook

Pros

As it’s a bank we get all the government holiday off that’s a plus.

Cons

Flagstar doesn’t care about their employees. The work life balance is horrible. If you ever happen to use a sick be ready to have they held over your head. They offer 1 hr lunch as your only break in 7.5 hour shift but due to not having enough work to handle the increasing workload they mandate OT and short the lunch to 30 mins. There is no breaks scheduled at all. Management will be honest and say how people leave during training for better opportunities. Flagstar’s processes and procedure are backwards and completed makes doing your job very difficult.

1.0
Apr 22, 2019

RB

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

No pros at all! The only pro is that they have decent CD rates.

Cons

This company will make false promises before hiring an individual in order to make a person feel like they are making the right choice by working here. First off, this bank is just like any other bank, but has very poor culture, do not let them fool you when they say they don’t push sales, because they are just like any other bank. After the hire date, an employee will be in a training for only three weeks which by the way does not help at all. You will only be taught how to do the daily transactions and forget about the sales training, you will learn nothing. Management at this bank is very poor, they show no support for their employees, especially the new hires.They do not coach there employees on the policies and procedures and once you make a small mistake they will hold that against you so you are not promoted, which will force a person to remain in the same position for a long time despite the fact that a banker is a top performer. I’ve seen employees terminated without any warnings for things that they weren’t coached on. The environment of this bank is very stressful. Systems are always malfunctioning, customers will always have problems signing on there online banking, debit cards are never mailed on time, and this bank sets unrealistic goals for their employees. Business customers are always upset because they don’t offer a mobile app which hurts the banker because a lot of customers leave the bank because of this issue. The customer service line does not know how to resolve problems. They always push the calls to the branches which wastes the banker’s time, because the banker is forced to spend almost half the day fixing problems that should not be his or her responsibility in the first place while also having to worry about the sales goals. Loans such HELOCs and HELOANs take a long time to get approved hurting the bankers reputation in the community as opposed to the competitors in the area. I’ve seen cases of redlining but was not able to prove it. Most loans take over 3 months to close. Ridiculous! Beware of working at this bank, it will hinder your career in banking, and you will learn nothing because as I mentioned before, they have very poor training, and expect you to perform immediately. This is a warning from someone who was a top performer at this institution and always did right by the bank and the customer and was terminated for something that they weren’t coached on without any warning. Shame on this on this bank, absolutely terrible place to work and grow in this industry. Hope this helps.

1.0
Mar 12, 2019

Government Ybderwruter

Recommend
CEO approval
Business Outlook

Pros

My pay check didn't bounce.

Cons

Layoffs are frequent. Sr. mgmt offers minimal to no support and lacks knowledge of guidelines. Management uses “fear” tactics to increase productivity and internal gossip for reviews

Viewing 25 - 27 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.