Freddie Mac Reviews

Updated August 22, 2015
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Freddie Mac CEO Donald H. Layton
Donald H. Layton
19 Ratings

Pros
  • Freddie continues to offer a favorable work/life balance environment (in 61 reviews)

  • The company offers great benefits and flexible work hours (in 31 reviews)

Cons
  • Company is currently under conservatorship and company future is uncertain (in 12 reviews)

  • Hierarchical structure to senior management (in 23 reviews)

More Pros and Cons

47 Employee Reviews

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  1. Contingent Workers

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - CW Temp in McLean, VA
    Current Employee - CW Temp in McLean, VA
    Doesn't Recommend
    Negative Outlook

    I have been working at Freddie Mac part-time

    Pros

    Very modern facilities, ample parking, nice cafeteria on each building, close to Metro and train station, nice quiet atmosphere, jeans from summer to labor day policy, free coffee and tea, professional and courteous employees and 24 months CW/temp worker policy versus six months.

    Cons

    Contingent Workers rarely are transitioned to permanency. To be permanent you have to apply direct outside staffing agencies. One mistake, you are let go. Short training on the job and expectations are very high, job title at job agency did not match company job title and responsibilities, Parking for CW temp workers is half a mile walk. Company seems to be hiring more temps and letting go the previous ones with no intention of keeping them.

    Advice to Management

    Needs consistency in policies, procedures, job title roles and actual tasks assigned.


  2. Helpful (1)

    Developer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in McLean, VA
    Former Employee - Anonymous Employee in McLean, VA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Relaxed place, free parking, flex hours

    Cons

    Company wastes a lot of money on IT projects. Work done can be easily by 50% less head count. Mostly run by Indians on H1-B visas or the ones that came before but never moved around. Too many VPs/Directors/Team leads ....

    Advice to Management

    Hire Americans. You are funneling taxpayers money to fund H1 visas indirectly through layers of subs...


  3. IT is out of control

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Solutions Architect in Reston, VA
    Current Employee - Solutions Architect in Reston, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    This company has extensive investments in various technology segments, which affords its employees and consultants the opportunity to work with numerous brands and capabilities. That's about it....

    Cons

    The company culture is to 1) own the technology by not the responsibility for effective use and deployment of that technology; 2) hire consultants to do the lion's share of the work with little to no guidance; 3) operate without a grand plan - they completely lack vision and E.A. mission . The CIO should perform an internal audit to determine how many of its fulltime workers are using and enforcing the use of ANY ITSM framework. They have their own waterfall model, which no one uses. They are also trying to adopt Agile DevOps but very few have been properly trained on it. There is CONSTANT change in process, procedures and tools... They claim to not differentiate between fulltime and consultants. However, as soon as you leave orientation, you immediately see that this is completely false!

    Advice to Management

    Actually take ownership of ALL of the ITSM stages of your services! Don't make on-boarding so difficult and provide your workers (both full-time and consultants) access to the tools they need in order to perform their jobs effectively. Document the various applications and keep it current!


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  5. Paralegal

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Paralegal in Tysons Corner, VA
    Former Employee - Paralegal in Tysons Corner, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Low pressure. Nice location. The biggest Pro is that they will be shut down within a year.

    Cons

    Typical government job i.e., other than the attorneys, no one else is doing anything, lots of politics involved, complete lack of any work ethic. Oh yeah, no job security, the government is shutting Freddie and Fannie down due to being complete and utter failures.

    Advice to Management

    Have you guys no shame? When the government shuts you down its because you are a lost cause and there is no other solution.


  6. Project Manager

    • Work/Life Balance
    • Culture & Values
    Current Employee - Project Manager/Implementation Consultant in Ashburn, VA
    Current Employee - Project Manager/Implementation Consultant in Ashburn, VA

    I have been working at Freddie Mac (Less than a year)

    Pros

    It's good rate paid to consultants

    Cons

    Contractors are treated like second class citizens, not allowed in meetings etc and separated from the FTEs. This is not healthy for professional environment,

    Advice to Management

    Need to treat contractors better; with more respect and provide better work environment for them to be productive.


  7. Miserable Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in McLean, VA
    Current Employee - Anonymous Employee in McLean, VA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Freddie Mac full-time

    Pros

    Great work/life balance, solid cafeteria food, nice (enough) coworkers, decent upward mobility (stick around long enough and you'll rise the ranks).

    Cons

    Work is boring, technology/systems are ancient and inefficient, bad name outside of real estate industry, bad location, below-average office quality, pay is poor, culture is "we do it this way because that's how we've always done it", if you know what I mean.

    Advice to Management

    Invest in your employees - if you are so concerned about attracting and retaining talent, then PAY MORE and develop them professionally. Make the work more transferable and marketable on a resume.


  8. Helpful (1)

    Director

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in McLean, VA
    Former Employee - Anonymous Employee in McLean, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Used to be great company everyone wants to get in, great beneftis

    Cons

    Constant changes from the management team, layoffs

    Advice to Management

    Stop the bleeding, you've lost a lot of top talent


  9. Looking for another company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Solution Designer
    Current Employee - Solution Designer
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Flexible hours and telework options seem to be the only pros, those are only available to employees and not contractors.

    Cons

    Mismanagement, managers bad mouthing workers in public, a ton of finger pointing, improper scheduling, empty promises, lack of training, and a poor ceo

    Advice to Management

    Get some training


  10. Storage Adminstrator

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Storage Administrative in McLean, VA
    Current Employee - Storage Administrative in McLean, VA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Growing company, lots of users, high impact work, love my coworkers. It's a product that is changing the world.

    Cons

    Not an easy job, changes impact millions of users which can sometimes be very stressful.

    Advice to Management

    I would recommend this company to a friend - I'm optimistic about the outlook.


  11. Contracted analyst for Freddie Mac

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Ability to earn over-time pay

    Cons

    No flexibility. Bad management. Poor working conditions.

    Advice to Management

    Change management



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