Not awful, not great - Senior Loan Processor Flagstar Bank Employee Review

3.0
22 Jul 2022
Recommend
CEO approval
Business outlook

Pros

Good diversity, equity, and inclusion initiatives. Pay is fair in my opinion but I also got hired during a major boom in business so my pay might have been higher as a result. Encouraged to grow and seek other roles and training within the organization. Tons of professional growth opportunities in the form of training classes.

Cons

It's mortgage. It's a bad time to be in mortgage right now. There have been four rounds of layoffs since March 2022 which absolutely has an impact on morale and overall attitude. Managers micromanage, but they really have no choice because everyone is under such intense pressure to keep loans rolling through despite the drastic market changes. The mergers have all been handled very coldly and with little empathy in my opinion. No one feels safe anymore and it definitely affects the day to day operations when that's the general mood. Due to market conditions and a pending merger, raises this past year were negligible, almost insultingly so. I feel that the company has prioritized this forever-pending merger over their loyal employees and that's a shame.

Explore other reviews about Flagstar Bank

5.0
27 Feb 2026
Recommend
CEO approval
Business outlook

Pros

Very knowledgeable and helpful people who are experts in enterprise systems

Cons

N/A during my time with the company

1.0
25 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Clients are amazing. Made some real friends.

Cons

No advancement. Will promise you the world to get you to stay. Ask you to give as much notice as possible when you are leaving but will find a ridiculous reason to fire you. Never hitting financial targets so no bonuses. Terrible branch management.

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