Stay away from their retail mortgage division
Retail Loan Officer (Current Employee) – Colorado – May 28, 2018
Their message is “we want to grow retail”, but give their loan officers and management no competitive advantage. They have a “what are you going to do for us” attitude, as opposed to realizing we are what makes them money, and they are very vanilla.
About to go elsewhere as a self sourced loan officer. Ironically, where I’m going has almost all Flagstar retail products, and I will get paid more, and I can sell at lower rates. There’s no reason to work at Flagstar’s retail mortgage division if you are a decent producing L.O. You can do much better.
I don’t think they really understand retail mortgage, and what I takes to do well. Better off sticking to wholesale, which they are good at.