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Flagstar Bank Overview

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 $52,479 per year. Pay at Flagstar Bank is significantly lower than some of its highest paying competitors, like E*TRADE Financial, The Harbor Bank of Maryland, and First Merchants, which pay $83,682, $65,722, and $62,812, 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.

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

$1.7B

Employees

3,938

Founded in

1987

Headquarters

Troy, MI

Website

www.flagstar.com

Organization Type

Public

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The Team At Flagstar Bank

Key People

Alessandro P. DiNello

Jay J. Hansen

Flagstar Bank Company Rankings

Flagstar Bank is ranked #55 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.

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Flagstar Bank Salaries

9.5
Salary Score
The national average salary for a Flagstar Bank employee in the United States is $52,479 per year. Employees in the top 10 percent can make over $102,000 per year, while employees at the bottom 10 percent earn less than $26,000 per year.
Average Flagstar Bank Salary
$52,479 yearly
$25.23 hourly
Updated July 11, 2022
$26,000
10 %
$52,000
Median
$102,000
90 %

Highest Paying Jobs At Flagstar Bank

Rank  Job Title  Avg. Salary  Hourly Rate  
1Lead Application Developer$116,853$56
2Solutions Architect$116,243$56
3Senior Software Engineer$113,748$55
4Subject Matter Expert$103,769$50
5Team Leader$99,127$48
6Java Developer$94,501$45
7Business Analyst$90,465$43
8Finance Quantitative Analyst$86,724$42
9Senior Underwriter$80,372$39
10Account Executive$75,791$36
11Claim Specialist$69,961$34
12Mortgage Underwriter$67,910$33
13Internal Auditor$67,022$32
14Assistant Manager$61,639$30
15Accountant$61,568$30
16Data Entry Associate$55,185$27
17Branch Manager$49,044$24
18Loan Officer$48,604$23
19Loss Mitigation Specialist$45,133$22
20Mortgage Processor$43,339$21

Flagstar Bank Demographics Summary

9.8
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 Gender Distribution

Male
Male
40%
Female
Female
60%

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Flagstar Bank. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • 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%), followed by Hispanic or Latino (11%) and Black or African American (11%).

  • Flagstar Bank employees are most likely to be members of the democratic party.

  • On average, employees at Flagstar Bank stay with the company for 4.2 years.

  • The average employee at Flagstar Bank makes $52,479 per year.

Biggest Flagstar Bank Locations

Rank  City  Job Count  
1Troy, MI75
2Fort Wayne, IN8
3Jackson, MS7
4Marquette, MI5
5Detroit, MI4
6Grand Rapids, MI4
7Granger, IN4
8Lansing, MI3
9Huron, SD3

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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.

Parties

Democratic Party

68.3 %
-

Republican Party

31.7 %
-

Employee Political Donations

Name  Job Title  Party  Donation  
Joseph CampanelliBankerRepublican Party$6,750
Alessandro DinelloPresidentRepublican Party$6,500
Steven IssaPresidentRepublican Party$1,500
James CiroliChief Finance OfficerDemocratic Party$1,500
Bruce NybergCommunity Service DirectorDemocratic Party$1,400
Kristina MaritczakAttorneyDemocratic Party$1,300
Noah RosenbergChief Finance OfficerDemocratic Party$1,250
Daniel SchmeingAERepublican Party$1,030
Kimberly LewisMortgage UnderwriterRepublican Party$816
Sonya DelleyRelationship ManagerDemocratic Party$720
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Flagstar Bank Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

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Flagstar Bank Competitors

Competitors of Flagstar Bank include E*TRADE Financial, The Harbor Bank of Maryland, and First Merchants. Employees at E*TRADE Financial earn more than most of the competition, with an average yearly salary of $83,682. The employees at The Harbor Bank of Maryland earn an average yearly salary of $65,722 per year, and the salaries at First Merchants average $62,812 per year.
Companydesc
Average Salarydesc
E*TRADE
Salary Range60k - 116k$84k$83,682

The Harbor Bank of Maryland

Salary Range43k - 99k$66k$65,722
First Merchants
Salary Range48k - 82k$63k$62,812
First Horizon Bank
Salary Range42k - 92k$62k$62,452

Union Federal Mortgage Corp

Salary Range39k - 91k$60k$59,876
Wintrust Financial
Salary Range37k - 83k$56k$56,139
Nationstar Mortgage
Salary Range37k - 75k$53k$53,132

HomeStreet Bank

Salary Range34k - 80k$53k$52,998
Freedom Mortgage
Salary Range33k - 67k$48k$47,733
Fifth Third Bank
Salary Range34k - 62k$46k$46,105
$27k
$116k

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 $1.7B 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 Huntington National Bank, Old National Bank, Fifth Third Bank, Access Bank, First Horizon Bank, Wintrust Financial, The Harbor Bank of Maryland, First Merchants, M&T Bank, Desert Community Bank, Commerce Bank, Associated Bank, PHEAA, SECU, E*TRADE Financial, Freedom Mortgage, Home Savings Mortgage, Union Federal Mortgage Corp, HomeStreet Bank, Nationstar Mortgage.

Who works at Flagstar Bank?

Alessandro P. DiNello (President & CEO)

Jay J. Hansen (Board Member)

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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.