Average Salary for Flagstar Bank Employees

A typical Flagstar Bank employee can expect to make $52K annually. At Flagstar Bank, the biggest piece of the paycheck puzzle is how long you've been working — it impacts salary more than anything else — though your role at the company and your city each factor into the equation as well. The data for this report comes from responses to the PayScale salary survey.

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How This Employer Pays

Flagstar Bank typically pays:
-5%
below market

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Employer: Flagstar Bank
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$31K$62K$93K
[-]Loan Review Analyst (3)
$26,607 - $58,661  
   
[-]Loan Review Analyst (3)
Bonus$654 - $13,874  
   
Total Pay$26,607 - $58,661  
[+]Financial Service Representative (FSR) (3)
$24,943 - $44,716  
   
[+]Financial Service Representative (FSR) (3)
Bonus$333.17 - $4,885  
   
Total Pay$24,943 - $44,716  
[+]Loan Underwriter, Mortgage (2)
$44,833 - $79,416  
   
[+]Loan Underwriter, Mortgage (2)
Salary$43,551 - $73,677  
   
Total Pay$44,833 - $79,416  
[+]Assistant Vice President (AVP), Mortgage Lending (2)
$43,171 - $91,170  
   
[+]Assistant Vice President (AVP), Mortgage Lending (2)
Salary$41,867 - $91,739  
   
Bonus$1,283 - $12,513  
Total Pay$43,171 - $91,170  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 21 Nov 2014 | Individuals Reporting: 57
United States (change)

Years of Experience

Those with one to four years of experience at the company can expect to make approximately $47K. Broken down by tenure, the largest share of Flagstar Bank employees (40 percent) have five to nine years of experience and typically earn $62K per year.

Jobs

Mortgage Loan Underwriters earn the highest median pay at about $60K, followed by Senior Underwriters ($59K), Operations Managers (around $54K), and Assistant VPs of Mortgage Lending ($54K). On the lower end are Workforce Management Analysts at approximately $44K.

Locations

Within the company, workers earn the highest salaries (an average of $59K annually) in Maryland.

Certifications and Degrees

Salaries approach around $69K for Licensed Residential Appraisers; non-accredited workers make much less. Acquiring certification to be a Direct Endorsement Certification is rewarded at $63K per year. Flagstar Bank workers who hold a Master of Business Administration (MBA), Finance are also well compensated, earning $69K on average.

Skills

Employees who count Loan Underwriting among their skills tend to enjoy higher pay; the median for this group is about $66K. Microsoft Office is regularly seen around here; nearly one-fifth of those surveyed report it as a core competency. Other skills in demand are Customer Service, Customer Relationship Management, and Mortgage Loans.

Benefits and Perks

Flagstar Bank lets only one-half of workers take paid vacation and only one in ten workers take sick leave. For employees looking to save up for their golden years, Flagstar Bank provides an optional 401(k) plan, and almost all workers participate. Health insurance comes as part of the deal for a solid majority of workers, and a strong majority of workers report receiving dental coverage as well. Other privileges include life insurance, flexible hours, stock options, and tuition reimbursement.

Key Stats for Flagstar Bank

Gender

Female
65 %
Male
35 %
Salary
$39,996 - $70,000
Salary
$39,830 - $97,922
Less than 1 year
4%
1-4 years
30%
5-9 years
31%
10-19 years
20%
20 years or more
15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.

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