Fannie Mae

  www.fanniemae.com
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Fannie Mae Reviews

Updated Jul 18, 2014
All Employees Current Employees Only

3.0 419 reviews

73% Approve of the CEO

Fannie Mae CEO Tim Mayopoulos

Tim Mayopoulos

(96 ratings)

46% of employees recommend this company to a friend

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance(in 71 reviews)

  • great benefits and flex hours; great for learning all aspects of housing market(in 36 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business(in 16 reviews)

  • Petty management, lots of rot in middle management, corporate culture still very old-school(in 11 reviews)

266 Employee Reviews Back to all reviews
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in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Very friendly working environment

    Anonymous Employee (Current Employee)

    ProsFriendly. Work-life balance. A lot of areas to learn with some of them very unique in this industry.

    ConsA little bit political if you are adjusted to the private/ small company working environment. Types of teams vary a lot. You really need to pick the right boss.

     

    Its ok. Nothing too stressful and generally great co-workers.

    Anonymous Employee (Current Employee)

    ProsCompensation, work/life balance, great for resume

    ConsRepetative work in a mundane industry. Constant talk of change to industry since Bailout has everyone worried for their jobs.

    Advice to Senior ManagementFind ways to breath life into the company. Lots of older employees who have been with company for 15+ years. Not much room for innovation.

    • Culture & Values
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    • No Opinion of CEO

     

    mikes

    Administrative Assistant (Current Employee) Detroit, MI

    Prosjob security, pay, growth potential, and bonuses

    Conslong hours but great overall company

    Advice to Senior Managementbe more relaxed at times

    Yes, I would recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    It was a great experience to enhance my skills.

    Anonymous Employee (Current Employee)

    ProsGreat work/life balance, people, college grant of 10K a year, sick days.

    ConsThis is one of the best companies that I have worked for

    Advice to Senior ManagementGreat Management

    Yes, I would recommend this company to a friend

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    • No Opinion of CEO

     

    Unorganized from the top

    Manager (Current Employee) Dallas, TX

    ProsWork life balance and benefits

    ConsConstant changes, workloads due to constant changes without adequate thought process, limited advancement.

    Advice to Senior ManagementFollow through on projects before redirecting changes are made

    No, I would not recommend this company to a friend

    • Culture & Values
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    Get ready for a lot of change.....

    Anonymous Employee (Current Employee)

    ProsHelp build the next generation of Mortgage Industry infrastructure

    ConsRequirements are constantly evolving which makes planning tough.......

    – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Approves of CEO

     

    People Manager Technology

    Anonymous Employee (Current Employee)

    ProsChallenges that keep me expanding my knowledge, opportunities for growth and flexible work hours

    ConsOld technology, big organization and lack of clear strategic path. No more new development, only enhancement to existing legacy products.

    Advice to Senior ManagementProvide cross functional opportunities to employees - for example business should spend time with technology to learn their perspective. Development should work with Production Support to understand their daily life and vice versa.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Approves of CEO

     

    Fannie Mae is GREAT!

    Applications Quality Analyst (Current Employee) Washington, DC

    ProsSalary, benefits, volunteer hours without vacation, work-life balance, flexibility

    ConsSlow to promote, old technologies

    Advice to Senior ManagementEnsure employees feel appreciated and assure them of growth.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Approves of CEO

    1 person found this helpful  

    A good company if you know what you're getting into

    Non Technical PM III (Current Employee) Herndon, VA

    ProsFannie Mae has dug itself out of the hole it found itself in a few years ago. If you go in with your eyes open, it can be a stable environment with good work/life balance. The hours on the non-tech side are not very onerous and depending on your manager, working from home is a distinct possibility. Compensation seems to be above average, though not stellar.

    ConsThis is not the place for someone looking to move quickly. Both in their day to day work, and their career mobility.

    It is very process heavy, though they're trying to reduce that a bit.

    In the division in which I work, there is not a lot of risk-taking or ownership. Particularly at mid-level mgmt, there seems to be a lot of risk aversion. It's understandable, given the company's history, but it's frustrating.

    I would guess that the federal government is going to milk Fannie and Freddie for all they, and not turn them back to their shareholders any time soon. Which means even more risk-aversion and a government worker attitude.

    Half the people I work with have PMPs. And most of those people are not really project managers.

    Advice to Senior ManagementTry to get out from under the FHFA's thumb. They will always regulate us, but they are (micro-) managing every aspect of the organization.

    Take bold steps, but think on them before acting. More and more re-orgs don't improve morale.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

     

    Churning through contractors

    Identity Access Management Analyst (Current Employee) Reston, VA

    Prosup to a couple of days per week telecommute
    flex schedules
    on site fitness center

    ConsShort-term minded, decisions made above immediate supervisor levels.

    Advice to Senior ManagementValue your good, hardworking talented people and stop churning through them. Compensation is adequate, but career development and value of employees is apparently a thing of the past.

    No, I would not recommend this company to a friend

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