Fannie Mae Reviews

Pros

Salaries are very competitive compared to other companies in the same industry.

Cons

The company is going through a lot of changes.

Advice to Senior Management

More bottom up approach in management.

Pros

Compensation,
Location,
Working hours,
Ability to work from home if desired,
Economic conditions make our work more challenging and interesting.

Cons

No pay increases,
Perpetual re-orgs,
Everything is a fire-drill,
SDLC,
SOX,
DataManagement,
Process changes impossible to implement,
Too many chiefs.

Advice to Senior Management

Streamline the review and approval process. At least 10 resources are overseeing the work of one resource. Very inefficient. Cumbersome.

Pros

The benifits are still very good for working women or parents with children. working from home is an option for some groups, but not all.

Cons

Have had several layoffs in the few years, so there is no real security. No raises. You just dont know if the government will shut us down or where we will be 5 years from now.

Advice to Senior Management

There is no moral and the mission is a great one but most of us dont know how we fit into that picture. The all hand meeting are usless since if you have any thing to say it better be positive or you may hear about it later form your team lead.

Pros

The people are very dedicated, self motivated and hard working. The amount of personal sacrifice they are willing to put in is extreme.

Cons

There is no viable future for the current company and as a result layoffs are frequent and the mantra 'do more with less' has become a common refrain. There are plenty of other opportunities in the local area which makes it hard to understand why anyone but those vying for a pension would stay with Fannie Mae under such conditions.

Advice to Senior Management

Give people their lives back and be honest about what is to come so each employee can make an informed decision about their own future.

Pros

Heres some pros to working at fannie mae
great benefits
good location
not a lot of long hours
great experience

Cons

there seems to be a lot of cons recently with Fannie Mae. The management does a poor job of developing their staff. There seems to be contractors everywhere for every job, which causes a knowledge gap issue. Poor recognition by management for quality reviews.

Advice to Senior Management

HR should look to do more of a people manager assessment prior to hiring for management position. Most of the employees there don't leave cause of Fannie but cause of the Management!

Pros

Benefits are good, people are great.

Cons

Too bureaucratic and regimented. Some managers are good about work/life balance - others are not.

Advice to Senior Management

Get to know some of the employees in the trenches.

Pros

- Great work life balance
- Highly intellectual Staff
- Great communication between management and staff
- Washington DC is a great place to leave

Cons

- slower pace
- we are in the eye of the financial storm, this comes with additional stresses on the job

Advice to Senior Management

The communication is great, the management seems to be stirring the company in the right direction. Expediting tough desions would be helpful

Pros

Good career opportunities, decent management and overall good focus on using technology to enhance business.

Cons

In conservatorship, lot of house cleaning going on in IT side, big push for outsourcing, the IT department will end up being much smaller than what it currently is.

Advice to Senior Management

Be more transparent and lay down the strategy for future.

Pros

Good benefits, able to work with different team, and Flexible work hours

Cons

No career growth, no recognition, poor management, lack on communication in upper level management

Advice to Senior Management

Refresh resource and train properly

Pros

Good benefits (critical ones are no more available...)
Work locations (NATIONWIDE)
Good cafeteria
friendly coworkers (at least most of them)

Cons

Excessive Red tape
Too many regulatory work requirements kills creativity
Biased management that only believes in extracting that most from direct reports to impress their supervisors

Advice to Senior Management

Accounting issues that crippled the company since 2004 should have only impacted executive management. Unfortunately, employees (below manager level) are paying the price for mistakes made by CEO, etc.