Flagstar Bancorp Reviews

Current Employee – been working at Flagstar Bancorp

Pros – Good physical work environment, coworkers, ease of hiring process.

Cons – Goals and processes change rapidly, communication regarding changes lags behind, and the company and employees seem to operate from the perspective of trying to keep the business they have and gain more, while employees seem to operate from the perspective of trying to attain ever changing and varied/vague goals and keep their jobs.

Advice to Senior Management – Clarify goals, require managers to have regular meetings or reviews with their employees. It has been over a year without any positive and constructive performance review of any type.

Current Employee – been working at Flagstar Bancorp full-time for more than a year

Pros – Decent pay and benefits. Interest-bearing employee checking account. Great people!

Cons – Little room for upward mobility. I worked for 2.5 years, was always praised as being the best customer service representative and always chosen to accept additional responsibility, yet when the opportunity for promotions came up, someone with less experience and education was always selected.

Advice to Senior Management – Create more opportunities for upward mobility. Realize that you have a wealth of knowledge and talent in-house.

Yes, I would recommend this company to a friend

Former Employee – worked at Flagstar Bancorp full-time for more than 3 years

Pros – Can't think of any real positives. Maybe that there is a half decent cafe on site but its too expensive.

Cons – professionals have to punch in and out like factory workers. Timecard is watched like a hawk
seems like everyone is unhappy. Its a very depressing environment

Advice to Senior Management – Support your staff, get rid of useless middle management that don't know what they are doing.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Former Employee – worked at Flagstar Bancorp full-time for more than a year

Pros – Actually a good company overall. Michigan based company ran and operated by people who actually live in Michigan. I was promoted twice in two years. The opportunity for growth was present, there were always employees transfering departments. Great cafeteria with staff chefs and cooks, flat screen tv's, barbeque cookouts in the summer. Overtime. Really a lot of nice perks.

Cons – While the opportunity for growth was there....the pay for performance was severely lacking. While I was promoted twice in a short period of time, I was kept at the same pay grade. Most people within the company were unhappy with their job. Upper Management puts unnecessary pressure on its lower management and that just trickles down to the common employees. Smoke breaks given to people to smoke, but if you do not smoke, do not expect a break other than your lunch. If you called in sick, your manager would call you back and ask what was wrong, why you were taking the day off. Very little respect for work/life balance.

Advice to Senior Management – Actually listen to the empolyees, if you give them more freedom, they will perform better.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Flagstar Bancorp

Pros – New hires are generally well paid and given opportunities to establish themselves. Support for training and professional development is also generally high. The bank is also frequently investigating or implementing new systems to bolster it's mortgage and lending platforms.

Cons – At times management and it's actions completely disconnect from reality in the IT department. IT makes solving problems long term very difficult. I can't speak for banking. The new management seems to be aligning the banking and lending arms with the needs of small businesses and mortgage consumers well.

Advice to Senior Management – This company used to have a very "Family Owned" feel to it. There were minor social events which brought the various people and areas of the bank together, if only briefly. I know the more sarcastic employees scoffed at these gestures, but they did have an impact on overall morale and the familiarity of people within various business groups.

Former Employee – worked at Flagstar Bancorp full-time for more than a year

Pros – good location
good pay
easy hours
No supervision

Cons – Worst place I have ever worked.
No one cares about doing a good job.
Salaried employees clock in like they are hourly workers.
Everyone is very unprofessional.
Profanity flies in the office.
Always willing to point finger at others.
The morale is horrible and the leaders have a 'morale boosting' committee that is a joke.

Advice to Senior Management – Fire all the management in IT and start over.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Current Employee – been working at Flagstar Bancorp

Pros – Lunch is about one hour.

Cons – Positions are rigged. Education, experience, don't always move you up the ladder.

Former Employee – worked at Flagstar Bancorp

Pros – Nice employees.lots of locations. Great products

Cons – lack of advancement opportunity for employees

Advice to Senior Management – keep it up

Former Employee – worked at Flagstar Bancorp

Pros – Flexibility to work from home. Good benefits.

Cons – Lack of career path. Goal planning and performance reviews are not taken seriously by employees.

Advice to Senior Management – Quit playing favorites and make the organizational changes to distribute duties to the right teams.

No, I would not recommend this company to a friend

Current Employee – been working at Flagstar Bancorp

Pros – The company has some really skilled programmers and architects that allows a junior to grow.

Cons – However due to all kinds of management changes, you may get luck and get your promotion just by being there the right time and right spot, or you may be given the lip service forever.