Fannie Mae

  www.fanniemae.com
  www.fanniemae.com

Fannie Mae Reviews

Updated November 18, 2014
Updated November 18, 2014
474 Reviews
3.3
474 Reviews
Rating Trends

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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
121 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 75 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 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good work/life balance

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

    I worked at Fannie Mae full-time (more than 8 years)

    Pros

    Fannie Mae manages to hire smart people and keep them around. I felt it was a great work environment and management respected my free time. When I left work, I was gone. I wasn't expected to log in at night or work ungodly hours. I worked hard while at work, but was able to let it go after I walked out the door.

    Cons

    Almost impossible to get rid of people who aren't pulling their weight or causing problems.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    My thoughts about the company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae full-time

    Pros

    Have various of financial products in company's portfolio that you can learn a lot. Salary and benefits are satisfied.

    Cons

    Somehow bureaucracy. Have to sacrifice efficiency or profitability to meeting surveillance requirements. There is no clear career path in terms of getting promotion.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    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
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  5.  

    I LOVE my job!!!!!!!!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Credit Specialist in Philadelphia, PA
    Current Employee - Credit Specialist in Philadelphia, PA

    I have been working at Fannie Mae full-time (more than 5 years)

    Pros

    I have worked at home (WAH) for more than half of my time at Fannie Mae. I have had 5 Managers in almost 5 years of working here, as a Contractor, Term Employee and permanent full time employee. I have adored 4 of them, and worked well with the other. I have gotten tremendous learning opportunities and offers of promotions (which I have chosen not to take for personal reasons). The benefits are good, including health, dental, vision, life insurance, short and long term disability and a 401(K) match of 6 percent, plus an additional 2 percent! There is constant training which helps me improve my knowledge and skills.

    Cons

    Sometimes I feel a little insecure in my job stability. There is constant and repetitive QC of work. The offer of WAH is flip-flopped depending on the production requirements, so it cN be hard to plan sometimes.

    Advice to ManagementAdvice

    Let workers whose production and quality of work can be qualitatively and qualitavely assessed work at home. It is better for morale, employee satisfaction, the environment - and, quite frankly, could save you money in rent for fewer accommodations for employees coming into the office to work.

    Recommends
    Approves of CEO

    Fannie Mae Response

    Nov 13, 2014Company Representative

    Thank you for taking the time to share your positive experience working at Fannie Mae. It’s great to hear that you have been taking advantage of the learning opportunities and valuable trainings at ... More

  6.  

    Great place to work

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

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

    Pros

    Fantastic benefits, including on-site emergency child care, vacation and sick leave, 401k, tuition reimbursement, etc. Good people to work with to achieve company's mission.

    Cons

    Numerous locations in DC metropolitan area and constant reorganizations may result in an unanticipated commute. Executives aren't the most friendly group to work for.

    Advice to ManagementAdvice

    Do more to make employees feel valued.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    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
  8.  

    Great atmosphere working at Fannie Mae, my manager was great and helpful, He managed our project on time.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - QA Tester in Chicago, IL
    Former Employee - QA Tester in Chicago, IL

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

    Pros

    Great benefits, compensation and long vacations

    Cons

    I had long commute, so going to work everyday was little bit more challenging.

    Doesn't Recommend
    No opinion of CEO
  9.  

    Overview

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Pros

    Excellent benefits and good work environment, pay comparable to industry standards.

    Cons

    Currently in conservatorship and going through some restructuring/reorganization.

  10.  

    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
  11.  

    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

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