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Average Salary for Flagstar Bank Employees

The average Flagstar Bank employee earns $55K annually. Your job title is the biggest factor affecting pay for Flagstar Bank workers, followed by how long you've been working and where you live. This report is based on answers to PayScale's salary questionnaire.

How This Employer Pays

Flagstar Bank typically pays:
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.
[-]Financial Service Representative (FSR) (3)
$25,200 - $44,634  
[-]Financial Service Representative (FSR) (3)
Bonus$385.24 - $4,505  
Total Pay$25,200 - $44,634  
[+]Loan Review Analyst (3)
$26,360 - $57,535  
[+]Loan Review Analyst (3)
Bonus$625 - $13,985  
Total Pay$26,360 - $57,535  
[+]Loan Underwriter, Mortgage (3)
$36,558 - $76,086  
[+]Loan Underwriter, Mortgage (3)
Salary$43,815 - $73,419  
Bonus$893 - $12,958  
Total Pay$36,558 - $76,086  
[+]Assistant General Counsel (2)
$67,954 - $130,266  
[+]Assistant General Counsel (2)
Salary$69,158 - $123,531  
Total Pay$67,954 - $130,266  
 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: 9 Nov 2014 | Individuals Reporting: 55
United States (change)


Assistant General Counsels represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $95K — though Mortgage Loan Underwriters, Senior Underwriters, and Operations Managers also do fairly well at around $60K, $59K, and $54K, respectively. Flagstar Bank hands out some of the smallest paychecks to Workforce Management Analysts (about $44K).

Years of Experience

Workers who have been with the company for more than one year but less than five can typically make approximately $49K. When we consider tenure, a substantial portion of employees (39 percent) have been working for five to nine years and make about $62K per year.


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

Certifications and Degrees

Licensed Lawyers earn $95K, far more than their non-accredited counterparts. Bigger paychecks are awarded to Licensed Residential Appraisers with credentials; these people typically earn approximately $69K per year. Those with a law degree at Flagstar Bank come out on top, and their salaries approach around $95K annually.


The highest-paying skill to have may be Project Management; employees who claim proficiency also report a higher average salary of $59K. A garden variety skill at Flagstar Bank is Microsoft Office; approximately one in five of Flagstar Bank's people use it regularly. Employees also tend to round out their skills sets with Microsoft Excel, Customer Relationship Management , and Microsoft Word.

Benefits and Perks

A little more than half of workers report receiving paid vacation days, but only an eighth of workers are paid for sick leave. Nearly all workers set aside retirement funds in an employer-sponsored 401(k). The greater part of workers have health insurance, and benefits for a solid majority of workers also include dental insurance. The list of perks also includes life insurance, flexible hours, stock options, and gym membership.

Key Stats

65 %
35 %
$39,996 - $70,000
$39,830 - $97,922
Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more
Highly satisfied
Rated 4 out of 5
based on 20 votes.

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