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Flagstar Bank overview

Industry
Finance
Revenue
Headquarters
Employees
3,938
Founded in
Organization type
Public
Social media
Flagstar Bancorp, Inc., a Michigan-based thrift holding company, is one of the largest originators of conforming single-family mortgage loans in the United States. Formerly known as FSSB Holding Corporation, the Company is engaged, through its principal subsidiary, the Bank, in the business of providing a full range of retail banking services in southern Michigan and in originating, purchasing and servicing residential mortgage loans on a nationwide basis.
The staff at Flagstar Bank come from unusually diverse demographic backgrounds. The company is 59.6% female and 33.8% ethnic minorities. Despite its diversity in other areas, Flagstar Bank employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 68.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. Flagstar Bank has great employee retention with staff members usually staying with the company for 4.2 years.The average employee at Flagstar Bank makes $44,813 per year. Pay at Flagstar Bank is significantly lower than some of its highest paying competitors, like E*TRADE Financial, Wintrust Financial, and Union Federal Mortgage Corp, which pay $86,946, $71,392, and $65,719, respectively.
Based in Troy, MI, Flagstar Bank is a key player in the finance industry with 3,938 employees and an annual revenue of $1.7B.

Flagstar Bank's mission statement

To create a one-of-a-kind banking experience grounded in relationships, nurtured through service, and measured by results. We hire great people who represent the talents, experiences, backgrounds, and diversity of the communities we serve.

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2.0/5

Flagstar Bank employee reviews

Based on 2 ratings

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Job openings at Flagstar Bank
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Flagstar Bank employee reviews

Flagstar Bank employee reviews
2.0/5

Based on 2 ratings

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1.0
A zippia user wrote a review on Jan 2024
Cons of working at Flagstar Bank

Mismanagement of funds

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The team at Flagstar Bank

  • The founders of Flagstar Bank is Jay J. Hansen.
  • The key people at Flagstar Bank are Alessandro P. Dinello and Jay J. Hansen.
Key people
Alessandro P. Dinello
Jay J. Hansen

Flagstar Bank rankings

Flagstar Bank is ranked #80 on the Best Finance companies to work for in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Flagstar Bank salaries

Average Flagstar Bank salary
$44,813
yearly
$21.54 hourly
Updated March 14, 2024

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Flagstar Bank diversity

9.8
Diversity score
We calculated Flagstar Bank’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Flagstar Bank’s workforce.
Flagstar Bank diversity summary. Zippia estimates Flagstar Bank's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Flagstar Bank's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Flagstar Bank's workforce.
  • Flagstar Bank has 3,938 employees.
  • 60% of Flagstar Bank employees are women, while 40% are men.
  • The most common ethnicity at Flagstar Bank is White (66%).
  • 11% of Flagstar Bank employees are Hispanic or Latino.
  • 11% of Flagstar Bank employees are Black or African American.
  • The average employee at Flagstar Bank makes $44,813 per year.
  • Flagstar Bank employees are most likely to be members of the democratic party.
  • Employees at Flagstar Bank stay with the company for 4.2 years on average.

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Flagstar Bank financial performance

9.9
Performance score

Highest paying Flagstar Bank competitors

Compare Flagstar Bank salaries to competitors, including E*TRADE Financial, Wintrust Financial, and Union Federal Mortgage Corp. Employees at E*TRADE Financial earn the highest average yearly salary of $86,946. The salaries at Wintrust Financial average $71,392 per year, and the salaries at Union Federal Mortgage Corp come in at $65,719 per year.
RankCompanyAverage salaryJobs
1$86,9460
2$71,3920
3$65,7190
4$57,4920
5$55,8760
6$55,3140
7$53,9960
8$53,7760
9$51,6210
10$49,7680

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Zippia gives an in-depth look into the details of Flagstar Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Flagstar Bank. The employee data is based on information from people who have self-reported their past or current employments at Flagstar Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Flagstar Bank. The data presented on this page does not represent the view of Flagstar Bank and its employees or that of Zippia.

Flagstar Bank may also be known as or be related to FLAGSTAR BANCORP INC, Flagstar Bancorp Inc, Flagstar Bancorp, Inc, Flagstar Bancorp, Inc., Flagstar Bank and Flagstar Bank, Fsb.