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Flagstar Bank Overview

Flagstar Bank is the largest bank headquartered in Michigan. It is the primary subsidiary of Flagstar Bancorp, Inc., a bank holding company. It is one of the largest residential mortgage servicers and is on the list of largest banks in the United States.
Founded in 1987, Flagstar Bank is an established company that loves to hire graduates from Baker College, with 10.9% of its employees having attended Baker College. Flagstar Bank has established itself as a great place to work in Michigan, and it is number 2 on Zippia's list of Best Companies to Work for in Troy, MI. The average employee at Flagstar Bank makes $53,298 per year. In comparison, some of its highest paying competitors, like GMAC Mortgage Group, EverBank, and Homecomings Financial, pay $62,023, $59,119, and $58,952, respectively.
Based in Troy, MI, Flagstar Bank is a key player in the finance industry with 3,938 employees and an annual revenue of $783.0M.

The Organization’s Mission

To create a one-of-a-kind banking experience grounded in relationships, nurtured through service, and measured by results.

Industry

Finance

Revenue

$783.0M

Employees

3,938

Founded in

1987

Headquarters

Troy, MI

Website

flagstar.com

Organization Type

Public

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The Team At Flagstar Bank

Key People
  • John Lewis (Chairman)
  • Mark Hammond (Executive Officer, Director)
  • Kirstin Hammond (Executive Officer)
  • Thomas Hammond (Executive Officer, Director)
  • Alessandro Dinello (ceo)
  • B. Tauber (Director)
  • Mark Patterson (Director)
  • David Matlin (Director)
  • Walter Carter (Director)
  • Gregory Eng (Director)
  • Paul Borja (Executive Officer)
  • Lesley Goldwasser (Director)
  • Jay Hansen (Director)
  • James Coleman (Director)
  • Matthew Roslin (Executive Officer)
  • David Treadwell (Director)

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Flagstar Bank Rankings

Flagstar Bank is ranked #79 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

How much does Flagstar Bank pay?
The national average salary for a Flagstar Bank employee in the United States is $53,298 per year. Employees in the top 10 percent can make over $98,000 per year, while employees at the bottom 10 percent earn less than $28,000 per year.
9.4
Salary Score
Average Employee Earnings

Flagstar Bank Salaries By Job Title

The average employee at Flagstar Bank earns a yearly salary of $53,298 per year, but different jobs can earn drastically different salaries. Some of the positions that earn high wages at Flagstar Bank include lead application developer, senior software engineer, team leader, and subject matter expert. A typical lead application developer salary at Flagstar Bank is $111,762. To get a better sense of the salaries at Flagstar Bank, other roles such as cashier and imaging clerk can be considered as well. For comparison, the title cashier at Flagstar Bank earns $26,407 per year.
Job Title
Title
ascdesc
Average Salarydesc
Lead Application Developer
Salary Range105k - 118k$112k$111,762
Senior Software Engineer
Salary Range98k - 121k$110k$109,504
Team Leader
Salary Range97k - 119k$108k$108,146
Subject Matter Expert
Salary Range99k - 117k$108k$108,002
Java Developer
Salary Range92k - 115k$103k$103,380
Systems Analyst
Salary Range89k - 106k$97k$97,346
Loan Officer
Salary Range79k - 93k$86k$86,424
Assistant Manager
Salary Range77k - 91k$84k$84,274
Internal Auditor
Salary Range77k - 90k$84k$83,998
Business Analyst
Salary Range65k - 86k$75k$75,354
$37k
$121k

Flagstar Bank Careers

On average, employees at Flagstar Bank stay with the company for 3.0 years. Employees most commonly join Flagstar Bank after leaving Comerica. When they leave Flagstar Bank, they most frequently get their next job at Bank of America.

Average Length of Employment

Flagstar Bank
3.0 years

Top Employers Before Flagstar Bank

Comerica
12.6 %

Top Employers After Flagstar Bank

Flagstar Bank Employee Demographics

9.7
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Flagstar Bank Employees Education

Of the 3,938 employees at Flagstar Bank, 10.9% attended Baker College. Employees at Flagstar Bank most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Flagstar Bank Employee Political Affiliation

Flagstar Bank employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Flagstar Bank employee was by Joseph Campanelli. Joseph Campanelli donated $6,750 to the Republican Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Joseph CampanelliBanking
Joseph Campanelli
Banking
Banking
Republican Party
Republican Party
$6,750Republican Party
$6,750
Alessandro DinelloPresident
Alessandro Dinello
President
President
Republican Party
Republican Party
$6,500Republican Party
$6,500
Steven IssaPresident
Steven Issa
President
President
Republican Party
Republican Party
$1,500Republican Party
$1,500
James CiroliChief Finance Officer
James Ciroli
Chief Finance Officer
Chief Finance Officer
Democratic Party
Democratic Party
$1,500Democratic Party
$1,500
Sally HerreidMortgage Banker
Sally Herreid
Mortgage Banker
Mortgage Banker
Democratic Party
Democratic Party
$1,500Democratic Party
$1,500
Bruce NybergCommunications Director
Bruce Nyberg
Communications Director
Communications Director
Democratic Party
Democratic Party
$1,400Democratic Party
$1,400
Kristina MaritczakAttorney
Kristina Maritczak
Attorney
Attorney
Democratic Party
Democratic Party
$1,300Democratic Party
$1,300
Noah RosenbergChief Finance Officer
Noah Rosenberg
Chief Finance Officer
Chief Finance Officer
Democratic Party
Democratic Party
$1,250Democratic Party
$1,250
Daniel SchmeingAE
Daniel Schmeing
AE
AE
Republican Party
Republican Party
$1,030Republican Party
$1,030
Kimberly LewisMortgage Underwriter
Kimberly Lewis
Mortgage Underwriter
Mortgage Underwriter
Republican Party
Republican Party
$816Republican Party
$816
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Flagstar Bank Financial Performance

9.7
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

1987

Organization type

Public

Flagstar Bank Financing Rounds

DateascdescAmountascdescSecurity Typeascdesc
Jul 15, 2009Debt
Jul 15, 2009
$50,000,000
$50,000,000
Debt
Debt

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Flagstar Bank Competitors

Competitors of Flagstar Bank include GMAC Mortgage Group, EverBank, and Homecomings Financial. Employees at GMAC Mortgage Group earn more than most of the competition, with an average yearly salary of $62,023. The employees at EverBank earn an average yearly salary of $59,119 per year, and the salaries at Homecomings Financial average $58,952 per year.
Companydesc
Average Salarydesc
GMAC Mortgage Group
Salary Range48k - 78k$62k$62,023
EverBank
Salary Range43k - 80k$59k$59,119

Homecomings Financial

Salary Range41k - 84k$59k$58,952
Nationstar Mortgage Holdings
Salary Range43k - 75k$57k$57,140

GreenPoint Mortgage Funding

Salary Range41k - 77k$57k$56,972

World Savings

Salary Range39k - 79k$56k$56,456

Saxon Mortgage

Salary Range39k - 77k$55k$55,406

Mortgage Solutions Financial formerly Freedom Financial Services

Salary Range38k - 77k$55k$54,537

UNION FEDERAL MORTGAGE

Salary Range33k - 84k$53k$52,977

HOME SAVINGS MORTGAGE

Salary Range31k - 76k$49k$49,309
$24k
$84k

Frequently Asked Questions about Flagstar Bank

When was Flagstar Bank founded?

Flagstar Bank was founded in 1987.

How many Employees does Flagstar Bank have?

Flagstar Bank has 3,938 employees.

How much money does Flagstar Bank make?

Flagstar Bank generates $783.0M in revenue.

What industry is Flagstar Bank in?

Flagstar Bank is in the finance industry.

What is Flagstar Bank's mission?

Flagstar Bank's mission statement is "To create a one-of-a-kind banking experience grounded in relationships, nurtured through service, and measured by results."

What type of company is Flagstar Bank?

Flagstar Bank is a public company.

Who are Flagstar Bank's competitors?

Flagstar Bank competitors include Fifth Third Bank, Huntington Bancshares, Commerce Bancshares, Associated Banc, Old National Bank, State Employees Credit Union, 1st Franklin Financial, WASHINGTON MUTUAL CARD SERV, GreenPoint Mortgage Funding, Homecomings Financial, World Savings, BB&T, Simmons Bank, Saxon Mortgage, EverBank, GMAC Mortgage Group, HOME SAVINGS MORTGAGE, Mortgage Solutions Financial formerly Freedom Financial Services, UNION FEDERAL MORTGAGE, Nationstar Mortgage Holdings.

Who works at Flagstar Bank?

John Lewis (Chairman)

Mark Hammond (Executive Officer, Director)

Kirstin Hammond (Executive Officer)

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Updated December 31, 2020

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. 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. 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. and Flagstar Bank.