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Flagstar Bank Reviews

Updated 12 February 2017
79 reviews

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3.0
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Flagstar Bank President & CEO Alessandro P. DiNello
Alessandro P. DiNello
25 Ratings

79 Employee Reviews

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Pros
  • Good PTO flexibility and alot of good people working in retail banking (in 12 reviews)

  • Great co-workers, they are trying to turn it around and increase morale (in 6 reviews)

Cons
  • Upper management micromanages to the extreme (in 11 reviews)

  • There is little room for advancement and the leadership is constantly changing goals (in 5 reviews)

More Pros and Cons

  1. "Relationship Banker"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Benefits and paid time off

    Cons

    Pay isn't very competitive, training could be better


  2. Helpful (4)

    "Grow eyes in the back of your head"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Flagstar Bank full-time (More than 5 years)

    Pros

    I work for IT and used to love my job. I was engaged. I honestly looked forward to getting in early each day to get things done. I was absolutely loyal to my job and my immediate leadership.

    Cons

    I don't have that enthusiasm anymore. It was taken away by a paranoid, incompetent and meddlesome narcissistic management team who are more concerned with kissing business butt, their own advancement, and outsourcing jobs than putting out a good reliable product.

    Advice to Management

    Your IT department is in disarray, Sandro, and it is costing you $$ and talent. You need to get a handle on it or things will only get worse.


  3. "Software Development Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer Intern in Troy, MI (US)
    Former Employee - Software Developer Intern in Troy, MI (US)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Flagstar Bank (Less than a year)

    Pros

    Great community and environment, had to do no work outside of 5 pm

    Cons

    Very boring work, work was too easy and had no impact on the company or the work itself

    Advice to Management

    Let intern play a larger role in making the software


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Was a great place prior to investor buy out"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Chicago, IL (US)
    Former Employee - Account Executive in Chicago, IL (US)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Flagstar Bank full-time (More than 8 years)

    Pros

    Bank backed mortgage co so you have that flexibility and security prior to buy out most of managers knew what they were doing. Pay was for sure best in industry.

    Cons

    After buy out no one listened in management. Lots of internal conflict between departments. Managers had the crows nest view point. Everything looked good from above to them buy we were dying outside on the sand of the islands. They didn't really care. Tech is also way clumsy and out of date where as it used to be best in class


  6. Helpful (1)

    "Good Salaries. So so place to work."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Programmer Analyst in Troy, MI (US)
    Former Employee - Senior Programmer Analyst in Troy, MI (US)
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Flagstar Bank full-time (More than 5 years)

    Pros

    I worked here for a few years as a full-time employee. The company has changed hands a few times. Heard good things after I left but over all a so so place to work.

    Cons

    I did not have a lot of growth from a career perspective. Used to work with old technologies and all open source stuff

    Advice to Management

    Please bring back the increments and issue bonuses to performers


  7. "Overall"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Flagstar Bank (More than 3 years)

    Pros

    Like a small bank in many ways, local to MI.

    Cons

    struggling with identity and it shows, hard to meet goals because of it.


  8. "Assistant Branch Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Flagstar Bank full-time (More than 5 years)

    Pros

    gained lots of mortgage experience

    Cons

    incentive pay for sales is low


  9. "Loan Servicing"

    Star Star Star Star Star
    • Work/Life Balance
    Former Employee - LOAN BOARDING & TRANSFER SERVICING SPECIALIST in Saint Clair Shores, MI (US)
    Former Employee - LOAN BOARDING & TRANSFER SERVICING SPECIALIST in Saint Clair Shores, MI (US)
    Recommends

    I worked at Flagstar Bank (More than a year)

    Pros

    A great company to work for.

    Cons

    Hard to move around within the company


  10. "Supervisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Invoice Management Supervisor in Troy, MI (US)
    Former Employee - Invoice Management Supervisor in Troy, MI (US)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Flagstar Bank full-time (More than 5 years)

    Pros

    Great hardworking people, decent benefits and PTO

    Cons

    Many people vying for the moving up the ladder positions so it can tend to get cut throat. Salary increases tend to be very small. HR tends to err more on the belief side of the employees not Management which can make you very afraid to stand your ground


  11. Helpful (1)

    "Avoid"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Banker
    Former Employee - Mortgage Banker
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Consistent work. Kept busy most times

    Cons

    Very poorly run by management across the board.



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