Fannie Mae

www.fanniemae.com

Fannie Mae Reviews

Updated January 20, 2015
Updated January 20, 2015
495 Reviews
3.3
495 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
134 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

Employee Reviews

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

    Great company

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

    I worked at Fannie Mae (more than an year)

    Pros

    great people to work with. excellent training. very challenging. all hours of work available

    Cons

    non to think of at this time

    Advice to ManagementAdvice

    great place to work for.

    Recommends
    Positive Outlook
  2.  

    Great place , but a bit slow overall

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations and Technology Associate in Reston, VA
    Former Employee - Operations and Technology Associate in Reston, VA

    I worked at Fannie Mae as an intern (less than an year)

    Pros

    -The company has many experienced individuals varying across the many levels and divisions (this experience is highly valuable to a new incoming employee (which i was)
    -Work life is great, 37/5 hours a week- 40 hours a week, you don't get worked to the bone

    Cons

    -alot of old people
    -not enough innovation
    -projects are slow

    Advice to ManagementAdvice

    Speed up

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Fannie Mae - great environment and skilled people

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

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

    Pros

    Competitive base salaries for the DC area
    Lots of change in the mortgage banking industry makes it unique place to work
    You get to work with lots of experienced people, and the best mortgage/MBS traders in the world

    Cons

    Constrained by regulators and obligation to treasury. Because of this certain benefits, perks, and compensation is lacking. It can be a struggle to get sign off on anything that costs money.

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


  5.  

    Employee over 5 years; total over 6 years; started as contractor.

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

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

    Pros

    Happy with my manager who does not micro-manage. If we need time off for any reason, doctor appointments or personal reasons the manager allows it. Have learned allot and the work is challenging, helps me to be the best I can be at completing tasks and getting things done. No complaints about my co-workers or management - it has been a good experience working there. The only setback is not being allowed to work from home due to my position... whereas the lion's share of workers do work from home so it is very quiet in the office.

    Cons

    Politics; allot of egos to deal with, but if you can accept it for what it is just go with the flow and do your job that's the best way to deal with it; do not try to change it. The dept. grew from less than 20 folks to over 100 in the last five years; as it grew more people came along who were grandstanding to get ahead; if you can sit back and just watch it it is hilarious because there are no opportunities for advancement. There are chances to shine if given special projects but these are given to the manager's favorites. Despite the favoritism, I am happy with the company.

    Advice to ManagementAdvice

    Allow all workers to work from home, it would help with employee morale.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Bad Management

    • 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

    Work-life balance, ability to work remotely (at home).

    Cons

    Leadership, Office Culture, Management Communication/Engagement.

    Advice to ManagementAdvice

    I would recommend hiring more experienced managers. The lack of leadership and direction took its toll on morale.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    NUC Review Appraiser

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

    I worked at Fannie Mae

    Pros

    Pay and training were great.

    Cons

    Difficult to get hired permanent as most were "contracted" employees.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Fannie Mae - Government, Politics and Status Quo

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

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

    Pros

    Benefits and co-workers are wonderful.

    Cons

    Management is mired in government, backstabbing, and incompetence. Often they use equal-opportunity vs. capability to promote. Found them to promote based on politics only.

    Advice to ManagementAdvice

    Pay attention to your excellent producers and reward them.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    OK place to work

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae

    Pros

    Lots of diversity; opportunity for advancement if you find your own mentors

    Cons

    Prepare for constant change and uncertainty

    Neutral Outlook
  10. 1 person found this helpful  

    Excellent Learning & Challenges

    • 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 3 years)

    Pros

    My experience at Fannie Mae was very positive. Very bright colleagues and intelligent group of people to work with. Strong drive to manage your own career, ideal if you're a self starter.

    Cons

    Very political, disjointed management at times.

    Advice to ManagementAdvice

    It's important to continue to distinguish the strong people managers from the individual contributors. A lot of strong talent at FNMA being neglected due to the lack of leadership.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    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

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