Fannie Mae Reviews

Updated March 23, 2015
52 reviews filtered by
  • Herndon, VA
  • Any Job Title
3.0
52 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
146 Ratings

52 Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful

    Fannie Mae is great.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in Herndon, VA
    Current Employee - Business Analyst in Herndon, VA

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

    Pros

    Management promotes word life balance

    Cons

    Lack of clear career track

    Recommends
    Positive Outlook
    Approves of CEO
  2. 3 people found this helpful

    This is not your uncle's Fannie Mae...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Anonymous Contractor in Herndon, VA
    Current Contractor - Anonymous Contractor in Herndon, VA

    I have been working at Fannie Mae as a contractor (less than a year)

    Pros

    The close commute to and from home. Convenient, free garage parking. Proximity to restaurants for lunch, gym, retail and banking.

    Cons

    Too many unqualified "technical" H1-B visa holders have overrun the company. Frankly, most are not out of the box thinkers. Too much group think and collaboration to come up with an answers to simple queries. Rote environment and procedures. It felt like working at a factory.

    Advice to ManagementAdvice

    Putting five or more unskilled, lower waged individuals together does not equal one competent technical professional. Management exploits foreign labor pool and as a result has damaged daily operations and morale.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. financial analyst

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

    I have been working at Fannie Mae

    Pros

    lots of things to learn; products are interesting.

    Cons

    messy mgmt, lots of politics.

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 2 people found this helpful

    Nice Benefits and Mission. Conservatorship is growing long in the tooth resulting in uncertainty around future.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Project Manager Manager in Herndon, VA
    Current Employee - IT Project Manager Manager in Herndon, VA

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

    Pros

    Great benefits and compensation. Work life balance is great. People are very smart.

    Cons

    Never a way to have a great company year under the shroud of conservatorship. Everything requires many kingdoms to cooperate and politics rule. The story about the work and what it means to your bosses promotion is more important than the work itself. There is a cultural war between people doing the work and people getting the praise for being in the meeting presenting it to management.

    Advice to ManagementAdvice

    Weed out the career bosses who believe that their staff exists solely to get them promoted.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6. 2 people found this helpful

    Fannie Mae can be a good place to work, but it depends on which department you work in.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Manager in Herndon, VA
    Former Employee - IT Manager in Herndon, VA

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

    Pros

    Interesting work and exposure to significant changes going on within the housing industry. Company offers good salary and benefits, interesting work, and some great people to work with.

    Cons

    In recent years, it has been subject to constant change and there's been a revolving door at all levels. Work-life balance has become untenable. Workload is such that there is no way to be able to do a quality job, and staff is then blamed for the result. Many people managers have little in the way of management skill. Careers and promotions are based on office politics rather than skill and competence.

    Advice to ManagementAdvice

    Provide support to your workforce and actually HELP them accomplish objectives. Just placing blame, and letting criticism roll downhill helps no one.

    Recommends
    Neutral Outlook
    Approves of CEO
  7. Support Single Family WLC process and is a subject matter expert on FAS65 Tagging and Collateral Management and Hedging

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - QA Tester in Herndon, VA
    Current Contractor - QA Tester in Herndon, VA

    I have been working at Fannie Mae as a contractor (more than a year)

    Pros

    compendsation is good, flex working hours. good work/life balance. they have a good understanding that people need to have a life outside of work

    Cons

    As a contractor, it's not stable, there is 3000 hours limits . fannie mae has been going downhill for a long time.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful

    Senior Software Engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Developer in Herndon, VA
    Former Employee - Senior Developer in Herndon, VA

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

    Pros

    Great technological opportunities, great benefits, money at the top of the industry, great people within the team you are working with.

    Cons

    It is a big organization and when they decide to do something, even if it is bone headed they will go ahead with it and declare it a success. Standing up and saying something gets you labeled "not a team player."

    Advice to ManagementAdvice

    This is a top-down organization. Upper management will make decisions, ignoring the advise of lower level technologists. They, upper management, seems to believe that if there is a problem someone "can write a script" or program to get them out of a jam. This can be extremely frustrating. If you can navigate the office politics you will be richly rewarded, if you can't - well - C'est La vie.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. IT Risk Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Risky Analyst in Herndon, VA
    Former Employee - IT Risky Analyst in Herndon, VA

    I worked at Fannie Mae full-time (more than 3 years)

    Pros

    Great company benefits such as 3% loan for house down payment, educational benefits up to 10K annually.

    Cons

    Corporate culture is lousy. Has a tendency to put the wrong people in the wrong positions. Chronic cronyism. No relationship between work performed and compensation. Warning, Fannie Mae has a problem of putting people managers over technical teams. I had a Manager who did not understand Information Technology and could not provide technical leadership to her team, but was performing performance evaluations. High Turnover in company. Professionals accustom to working in a high disciplined environment with high caliber professions might be discouraged. Company has a tendency to lay off people before they reach tenure but abrupt restructuring.

    Advice to ManagementAdvice

    My advice is direct more to professional staff. Warning the Managers are not what you expect, if you've worked in a professional environment. There's a lot of paper pushing in this company. Appearance and not quality is the goal

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. First real job out of college, only accepted to pay off student loans; wasn't in my long-term plans.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Operation Specialist I in Herndon, VA
    Current Employee - Loan Operation Specialist I in Herndon, VA

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

    Pros

    Training opportunities, workplace environment, benefits

    Cons

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

    Recommends
    Negative Outlook
    No opinion of CEO
  11. Has Potential to be a Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Herndon, VA
    Former Employee - Anonymous Employee in Herndon, VA

    I worked at Fannie Mae full-time (more than 3 years)

    Pros

    Good 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.

    Cons

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

    Advice to ManagementAdvice

    Start 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.

    Doesn't Recommend

Work at Fannie Mae? Share Your Experiences

Fannie Mae

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.