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.
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.
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.
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.