Flagstar Bancorp Jobs & Careers

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30+ days ago

Commercial Services Specialist

Flagstar Bank Troy, MI

Flagstar seeks a Commercial Services Support Specialist I as part of the Client Services team primary function is to support all implementation… CareerBuilder


30+ days ago

Secondary Marketing Hedge Analyst - Trader

Flagstar Bank Troy, MI

• Operate the QRM system to analyze and forecast mortgage portfolio hedging and risk reporting • Establish hedging and trading decisions for… CareerBuilder


30+ days ago

Home Loan Center - Sr Loan Officer - Symrna

Flagstar Bank Smyrna, GA

Flagstar Bank is seeking dynamic, sales-oriented loan originators to help expand our sales team across the nation. Focusing on retail mortgage… CareerBuilder


30+ days ago

Licensed Financial Service Representative

Flagstar Bank Westland, MI +8 locations

• Adheres to Flagstar Bank operations procedures and guidelines. • Analyzes customer… CareerBuilder


30+ days ago

Senior Government Underwriter

Flagstar Bank Troy, MI

A customer service professional with great communication skills and has a strong attention to detail. This role will have the primary responsibility… CareerBuilder


30+ days ago

Quality Control Compliance Auditor

Flagstar Bank Troy, MI

This position performs various audits including, Pre Funding, Post Closing, EPD/FPD, Denied Loans and address change reviews. This includes an… CareerBuilder


30+ days ago

Post Closing Representative

Flagstar Bank Troy, MI

• Regulatory/Compliance Testing on all Closed Loans • Analyzing GFE and TIL disclosures • Data Entry into the M2 system • Review and… CareerBuilder


30+ days ago

Wire Operations Specialist

FlagStar Bank Troy, MI

We like to pride ourselves on being a different employer as well. You'll find a dynamic work environment where employees of all levels interact with… CareerBuilder


30+ days ago

Home Loan Center - Sr Loan Officer

Flagstar Bank Lexington, MA +28 locations

Flagstar Bank is seeking dynamic, sales-oriented loan originators to help expand our sales team across the nation. Focusing on retail mortgage… CareerBuilder


21 days ago

Application Development Operations Manager

Flagstar Bank Troy, MI

The Application Development & Maintenance Operations Manager will be responsible to support, maintain, and enhance the production applications and… CareerBuilder


Flagstar Bancorp Reviews

129 Reviews
2.4
129 Reviews
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Approve of CEO
Flagstar Bancorp President & CEO Alessandro P. DiNello
Alessandro P. DiNello
38 Ratings
  1. 1 person found this helpful  

    Many futile attempts to get back on course...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Information Technology  in  Troy, MI (US)
    Current Employee - Information Technology in Troy, MI (US)

    I have been working at Flagstar Bancorp full-time for more than 10 years

    Pros

    The job pays well, benefits are decent (they were better), a good place to get some "on the job" experience. You get all the bank holidays, and every Friday is a $2 jean day, with donations going to some local charity. Employees will vary rarely be let go for incompetence: good for the employee, but just another sign of poor management. The current CEO actually seems to care. He may not tell the whole story, but he's been mostly truthful in his town hall meetings and has attempted to provide monthly voice recordings on the state of the company through the employee's internal web site.

    Cons

    Many issues with company performance has led to multiple changes in upper management over the last several years. Even though the current CEO is trying to get the company back on course, there is a lot of leftover "garbage" in place. Middle management seems to have their own agenda, not wanting to participate in change or provide assistance, which in the end should help everyone. Some employees have been pulled aside for not meeting quota, and others for going over quota when there is not enough work to go around: just excellent example of "be average or you don't belong." And then mandatory overtime is implemented when there is again too much work; great if you're paid hourly, but bad for salary. It's gotten to the point where some salary employees have been told not to clock in anymore. Interaction between business groups is minimal, causing tasks to be done over and over due to lack of information, which would have helped to get something done right the first time. Some teams apparently feel superior and provide no assistance, and face no consequences in doing so. While some of this has slowly began to change, it is still a huge problem when attempting to complete a project that requires multiple internal resources. Middle management seems to have found a work around by hiring in contractors and "off shore" personnel when these tasks could just as easily have been done internally if some backbone were in place to better manage the employees. Thus, we now have wasteful spending when the company is looking to save money. In order to offset that cost, raises are minimal, promotions few (unless you're a manager), money is hidden / stolen from other projects, and there is usually a yearly employee layoff between Thanksgiving and Christmas to make the stock look good. Happy Holidays for those who are let go during this time...

    Advice to ManagementAdvice

    Middle management needs to be better supervised and/or cleaned out. Some of these managers came from a time of about 10 years ago when the company had its own internal management training program, the proverbial "blind leading the blind." New ideas from new middle management would help instead of relying on previous methods that has brought the company to its current situation.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO