Fannie Mae Reviews

Updated July 24, 2015
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
13 Ratings

Pros
  • Fannie Mae has very good work-life balance atmosphere (in 78 reviews)

  • Very good compensation and benefits packages (in 20 reviews)

Cons
  • Senior management doesn't approve new hires quick enough in production environments (in 19 reviews)

  • Work life balance is hard to Get (in 8 reviews)

More Pros and Cons

54 Employee Reviews

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  1. Helpful (1)

    Fannie Mae is great.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Management promotes word life balance

    Cons

    Lack of clear career track


  2. Database Management Intern

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

    I worked at Fannie Mae

    Pros

    Great place for Internship. The Management in the ERP department was very supporting and gave me room to apply prior knowledge and also learn.

    Cons

    The line of communication from Hr could be more professional.

    Advice to Management

    None


  3. Senior Solutions Architect

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

    I have been working at Fannie Mae

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good work-life balance when the project is right.

    Cons

    Slow to implement technology in some areas. Reckless in others.


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  5. Helpful (3)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 Management

    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.


  6. financial analyst

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

    I have been working at Fannie Mae

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    lots of things to learn; products are interesting.

    Cons

    messy mgmt, lots of politics.


  7. Helpful (3)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

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


  8. Helpful (2)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

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


  9. Support Single Family WLC process and is a subject matter expert on FAS65 Tagging and Collateral Management and Hedging

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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.


  10. Helpful (1)

    Senior Software Engineer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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 Management

    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.


  11. IT Risk Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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 Management

    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



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