Fannie Mae Reviews

Updated July 8, 2015
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
20 Ratings

Pros
  • Fannie Mae has very good work-life balance atmosphere (in 78 reviews)

  • Very good compensation and benefits packages (in 20 reviews)

Cons
  • Senior management doesn't approve new hires quick enough in production environments (in 19 reviews)

  • Work life balance is hard to Get (in 8 reviews)

More Pros and Cons

112 Employee Reviews

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  1. Helpful (1)

    Fannie Dallas not a great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Dallas, TX
    Current Employee - Anonymous Employee in Dallas, TX

    I have been working at Fannie Mae full-time (More than a year)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Pay package and generous vacation policy

    Cons

    Terribly juvenile managers. Managers with no technical skills manage technical teams! Growth opportunity slim to none.

    Advice to Management

    Relax and stop pretending this is a for profit company


  2. Sr. QC UW

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Great insurance and flexible hours

    Cons

    Not focused on technology and too many terrestrial silos

    Advice to Management

    Streamline your loan review and analyses both technologically and politically


  3. Helpful (3)

    Anonymous

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous in Dallas, TX
    Current Employee - Anonymous in Dallas, TX

    I have been working at Fannie Mae full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Nice employees. Diversity. Inclusion. Business casual. Fair compensation. Fair benefits package. Internal training.

    Cons

    Bonuses, promotions and layoffs are not tied to job performance. Bureaucracy.

    Advice to Management

    Building new trophy office + threats of layoffs = miserable culture. Officers, leave your Prada and Christian Louboutin at home. Your loyal employees fear for their jobs.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Full time contractor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor in Washington, DC
    Former Contractor - Anonymous Contractor in Washington, DC

    I worked at Fannie Mae as a contractor (More than a year)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Beautiful corporate office with a culture that promoted creativity and new ideas.

    Cons

    heavy politicking and favoritism. Sometimes felt like time had moved backwards and you were working in the 1950's.

    Advice to Management

    Make more an effort to less play favorites.


  6. Helpful (1)

    Project Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Washington, DC
    Former Employee - Project Manager in Washington, DC

    I worked at Fannie Mae full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Lots of Paid Time Off and Holiday Vacation, limited job oversight, extensive training and a very diverse workforce. Located centrally in Washington DC.

    Cons

    Too inconvenient to commute further than immediately outside the city limits. Management provides long and often unnecessary training activities and they are currently undergoing a rapid downsizing effort to fit into the new offices in DC.

    Advice to Management

    Stop with the 80 hour requirement for training and listen to your employees when they say they need training for areas specific to their daily jobs.


  7. Helpful (1)

    Fannie Mae Review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Education Specialist in Dallas, TX
    Former Employee - Customer Education Specialist in Dallas, TX

    I worked at Fannie Mae (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Big company …. lots of easy rules to follow to play the game and advance your career.

    Cons

    Very clique-y management as well as a mix of micro-managing in some areas and too little in others.

    Advice to Management

    Listen to your staff and try to value them, their input, their individual personalities, and their effort.


  8. Helpful (6)

    A few bright spots among a sea of ineptitude

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae full-time

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Fannie Mae in general has somewhat competitive compensation and benefits packages. There are some departments that seem to function normally, but it is the exception rather than the rule. If you find a bright leader to work under, stick with them, because there aren't many to be found. Support for volunteer activities was a plus.

    Cons

    Fannie Mae is a company floundering in an overall lack of direction and an unusually high level of ineptitude in most levels of management. There were certainly some smart managers and employees, but too many were not. While many of the problems at Fannie are self-made, some are due to not being able to do much of anything without the guidance and approval of an extremely slow to react regulator, which is a political beast in itself. So in the end you have ineffective management trying to implement the direction from a regulator that can't decide what it wants to do. What you have left is a bunch of managers fighting for some kind of relevancy and trying to survive at the expense of others in the company.

    Advice to Management

    When employee surveys indicate an issue, don't look at your direct reports for the problem, look in the mirror.


  9. Helpful (6)

    Bad Management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Ann Arbor, MI
    Former Employee - Anonymous Employee in Ann Arbor, MI

    I worked at Fannie Mae (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Pays well, smart people for the most part

    Cons

    Because of layoffs / turnover, unqualified people in management positions. Also, everyone seemed to be looking out for themselves.


  10. Helpful (1)

    Poor management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Accountant, CPA in Ballston, VA
    Former Employee - Senior Accountant, CPA in Ballston, VA

    I worked at Fannie Mae (Less than a year)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Poor training was given; lack of knowledge and direction from senior management caused a terrible work environment

    Cons

    Takes one year to transfer to a new team


  11. Helpful (2)

    Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX

    I worked at Fannie Mae full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Good benefits, and reasonable pay

    Cons

    no chance to move to other areas or learn a different job. Each area of the company works in their own area, no communications to other areas; even though what they might be doing impacts other areas.



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