Fannie Mae

  www.fanniemae.com
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Fannie Mae Reviews

Updated Jul 24, 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)

150 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    First real job out of college, only accepted to pay off student loans; wasn't in my long-term plans.

    Loan Operation Specialist I (Current Employee) Herndon, VA

    ProsTraining opportunities, workplace environment, benefits

    ConsSenior management doesn't approve new hires quick enough in production environments

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Has Potential to be a Good Company

    Anonymous Employee (Former Employee) Herndon, VA

    ProsGood work-life balance. Decent benefits and salary. A lot of opportunities to improve the organization, but not likely to happen in the near future. No competition to challenge the company to do better.

    ConsUncertain future. Some managers/directors lack the skill set needed to effectively lead.

    Advice to Senior ManagementStart valuing the employees that can make a difference at Fannie Mae and get rid of the lame managers/directors who don't know what they are doing, but create impediments when efforts are made to improve the organization.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • 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

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Organization did not live up to it's mission.

    Director (Former Employee) Seattle, WA

    ProsMost of the people that I worked with were great people and truly cared about the mission.

    ConsThe pressure in the workplace was always very high. The oversight from Home Office was at times unreasonable and did not fit the situation.

    Advice to Senior ManagementManagement should hire good people with high integrity and guidelines for meeting the mission and then let staff do their job.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    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
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • 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
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • 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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Ok workplace, but opportunities are limited.

    Anonymous Employee (Current Employee)

    ProsDecent pay and benefits. Good company to put on your resume and for learning real estate finance.

    ConsVery insular and cliquish. You must be connected with the right people to thrive. Technology is pitiful. Little chance of advancement in many departments.

    Advice to Senior ManagementUpper management needs to communicate honestly with employees. Frontline managers are of very uneven quality. Some are excellent and very knowledgable, while others are borderline incompetent yet continue to advance.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Analyst II

    Anonymous Employee (Current Employee)

    ProsProvides a Good Work Life Balance.

    ConsFavoritism, lack of direction, inexperienced management who hide behind not providing answers. Any potential movement is not based on what you know or have accomplished but who you know and if they like you..

    Advice to Senior ManagementGet it grip.

    No, I would not recommend this company to a friend

     

    Politics overshadow decent people

    Finance Associate (Former Employee)

    ProsGreat benefits. Friendly people. Good compensation

    ConsPromotion process based on who you know not what you know.

    Advice to Senior ManagementThere are some great leaders in the midst at Fannie Mae who are unable to advance due to politics and favoritism. Choose your leadership wisely - not based on what you want to hear. Be brave and listen to the truth.

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