Fannie Mae

  www.fanniemae.com
  www.fanniemae.com

Fannie Mae Reviews in Dallas-Fort Worth, TX

Updated December 9, 2014
Updated December 9, 2014
485 Reviews
3.3
485 Reviews
Rating Trends

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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
128 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 78 reviews)

  • Fair compensation and benefits as compared to most companies this size (in 20 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 19 reviews)

  • work/life balance varies from dept to dept, manager to manager (in 8 reviews)

More Highlights

50 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good Benefits

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

    I have been working at Fannie Mae

    Pros

    Overall good benefits and very good vacation policy.

    Cons

    Work is slowing down and there is little room for growth.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Uncertain Future

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

    I have been working at Fannie Mae

    Pros

    The work life balance in my department is better than most. The pay is better than most, and the benefits are significantly above industry average.

    Cons

    There are many outside factors that will determine the future. Being faced with that uncertainty every day is difficult.

    Advice to ManagementAdvice

    Work much harder at following your words with actions. Work even harder to retain and promote mid level managers to build directors from within and avoid losing valuable institutional knowledge.

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Politics, Government, and Mortgages

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

    I worked at Fannie Mae full-time (more than an year)

    Pros

    Benefits and people who actually do the work.

    Cons

    Internal politics and corporate ladder climbing by favorites. Ageism discrimination.

    Advice to ManagementAdvice

    Pay attention to your workers and be more selective of management.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5.  

    FC Specialist

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

    I have been working at Fannie Mae full-time (more than 3 years)

    Pros

    Excellent benefits, professional company, lots of training.

    Cons

    Very stressful at times, Sometimes overlooked because of management favoritism.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  6.  

    Fannie Mae Culture

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

    I have been working at Fannie Mae full-time (more than an year)

    Pros

    Great long-term potential with excellent benefits.

    Cons

    Lack of real training modules. A big dependency on other coworkers to learn.

    Advice to ManagementAdvice

    A more efficient way of training employees would save lots of time.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    You get stuck like glue in certain positions

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

    I have been working at Fannie Mae full-time (more than an year)

    Pros

    Work life balance, flexible hours, great pay and benefits including 6%/100% 401k match are just about all that is good about working for Fannie Mae.

    Cons

    No upward mobility, no ability to move around even though they stress that you are encouraged to do so during the on boarding process, terrible recruiters and not much possibility of moving internally. Fannie Mae is extremely "silo'ed" despite the perception of efforts to change...

    Beware

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Proud to have had the opportunity

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

    I worked at Fannie Mae full-time (more than an year)

    Pros

    Industry leader. An atmosphere that is professional and satisfying. Location of office offers easy commutes from a wide variety of residential communities supportive of great family environments.

    Cons

    Process of having an employee status for long term hope of career is governed by stages of contractor and term contract status.

    Advice to ManagementAdvice

    Remain focused on long term objectives

    Recommends
    Positive Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Good to great to TERRIBLE

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Risk Analyst II - Retired in Addison, TX
    Former Employee - Credit Risk Analyst II - Retired in Addison, TX

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

    Pros

    The "pros" prior to 2004 would have taken page upon page of samples. From 2004 forward, the pro reviews received are by people who did not work at Fannie Mae when it was really a professional and extraordinary corporation with a mission of good.

    Cons

    This used to be the greatest company. It used to be the place to work with the best-of-the-best from the mortgage industry. It used to be that we were proud to a part of the company and the service it provided to this nation. Management used to be highly respected and we were a family from the top down. The CEO used to come to town and UNDERSTAND what your job was and be able to speak with you about it. He even introduced himself to you if he did not know you and engaged you in conversation, making you feel that he may not know you personally but he knew the importance of your job and its' function in the company.. Then came 2004 and the new cronies of upper management followed...referred to as "the entitles". From there the slide downward went at turbo speed. There are both upper and middle management who have NO IDEA how a mortgage loan starts, the basics of underwriting, risk and partnership with lenders to help them make better decisions. It became all about the money and less about the housing and education of America and the mortgage industry. The new management ran away the respectable management and those of us with longevity just stuck around to await much needed and earned retirement/pension (which was grandfathered) and is no longer offered. The day that the company started out-sourcing and contracting the worse of the worst, many of us who had waited for the company to come back, started thinking it is time to go. This company is now equal to Enron. Management gets all the benefits (golden parachutes and wealth) while the richly knowledgeable long-term employee is no longer wanted. It has become a revolving door of incompetence, mismanagement and people drawing a salary until the well runs dry.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Uncertainty

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

    I worked at Fannie Mae full-time (more than 5 years)

    Pros

    Worked with smart people, benefits were good, made friends, learned a lot about the mortgage industry

    Cons

    too much turnover at the management level and above, too much uncertainty surrounding the future of the company, not enough budget for much training, no independence since the company was a GSE.

    Advice to ManagementAdvice

    more training for direct reports, and more honest communication.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Great Company

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

    I have been working at Fannie Mae full-time (less than an year)

    Pros

    Solid Leadership, great compensation and culture

    Cons

    Technology out of date, overwhelming volume

    Advice to ManagementAdvice

    Enhance technology to work smarter not harder to allow employees more of a work life balance.

    Recommends
    Neutral Outlook
    Approves of CEO

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