Fannie Mae Reviews

Updated August 16, 2015
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3.2
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
14 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

56 Employee Reviews

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  1. Testing Consultant

    Former Employee - Anonymous Employee in Herndon, VA
    Former Employee - Anonymous Employee in Herndon, VA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    flexibility of timing, standard templates for documentation, typical SDLC, high consulting rates

    Cons

    Large number of Indian people makes it uncomfortable for non Indian, due to over usage of Indian regional language usage at work


  2. Helpful (1)

    Sr. Business Analyst

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

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

    Pros

    Location, salary/benefits, multiple job opportunities, 401K match

    Cons

    I worked for three of the worst managers ever. Each one was female was 'my way or the highway'.


  3. Database Management Intern

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

    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


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 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
    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.


  6. 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
    Recommends
    Positive Outlook
    Approves of CEO

    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


  7. 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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 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.


  8. 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
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    lots of things to learn; products are interesting.

    Cons

    messy mgmt, lots of politics.


  9. 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
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

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


  10. 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
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

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


  11. 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
    Recommends
    Neutral Outlook
    No opinion of CEO

    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.



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