I learned the difference between wholesale mortgage banking and retail mortgage banking - Anonymous employee Flagstar Bank Employee Review

3.0
Sep 29, 2014
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

i was exposed to a lot of avenues to originate loans with real estate agents and I learned a lot of ways to originate loans from cold calls.

Cons

I was told when I was hired that Flagstar sent loans to other banks for service if they didn't have a program available for a customer but found out this was untrue...also at the time of my employment processing was very slow...may have improved by now...

Explore other reviews about Flagstar Bank

5.0
Feb 27, 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

4.0
Jul 7, 2026
Recommend
CEO approval
Business Outlook

Pros

Hybrid environment and they contribute to HSA

Cons

Many employees are getting laid off

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