Fannie Mae Reviews

Pros

Benefits are still top notch

Cons

Work life balance is terrible

Pros

Very good work atmosphere, stability (not anymore)

Cons

technology wise not very upto date and they are in the process of outsourcing their IT services. Not a great future for IT professionals. But on the business side, they are the strongest in their area.

Pros

Good salary, benefits , flexible work hours

Cons

Be ready for internal politics

Advice to Senior Management

Management does not know who is cable of working and the people who are managers pet even if they do not know anything are saved during layoff.

Pros

Serve the public and government mission

Cons

For people with strong drive towards contributing to the profitability of the company, the current situation is a challenge to certain extent

Pros

Comp
Benefits
Visbility within Mortgage Industry
Business Accumen

Cons

Management was somewhat passive aggressive. If something wasn't up to par, we would have to find out in a threatening way. Keep open lines of communication for your employees

Advice to Senior Management

Please make more cohesive teams. Felt like we were competing against each other

Pros

Good place to work with lots of career advancement. Most people like working there so its a good work environment.

Cons

Lots of negative press about the company makes it difficult sometimes. Besides that I have nothing else to say thats negative

Pros

Extremely flexible work schedule (can arrange telecommute options with many managers), very intelligent workforce, open to new ideas and innovation, supportive management that is interested in promoting from within and cultivating career development

Cons

Upper management has too much of the government mentality and has difficulties in making decisions and choosing directions, decent amount of politics and infighting among upper management, uncertainty of what the future holds as the government discusses various options (although all are far out into the future)

Advice to Senior Management

Upper management needs to begin treating the organization as a "for profit" entity and start driving initiatives as if they were in the real world. There isn't much of a sense of urgency to reform the organization.

Pros

Salary and Benefits
Ability to work remotely

Cons

Hours required to work
Lack of clear organizational structure

Advice to Senior Management

Upgrade your sytems so they communicate. Too much manual entry in multiple locations.

Pros

It's a job. Look at it as a short term job solution unitl the economy improves. With high turnover there will constantly be new opening.

Cons

SInce taken over by FHFA benefits have consistantly moved downward. Poor management.

Pros

Decent benefits, good location, good peers

Cons

Distrust among employees on the outsourcing changes going on in the IT domain. Business is not technical savvy and does not understand the impact of these changes. Heavy emphasis on process that slows down time to market and removes individual creativity and motivation to deliver.

Advice to Senior Management

Spend time on communicating change to employees. When replacing full time employees with outsourcing consultants make sure those consultants have the needed technical competences and values that line up with the organization needs.