Fannie Mae Reviews

Updated September 13, 2014
Updated September 13, 2014
440 Reviews
3.3
440 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
106 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 72 reviews)

  • great benefits and flex hours; great for learning all aspects of housing market (in 36 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 17 reviews)

  • Petty management, lots of rot in middle management, corporate culture still very old-school (in 11 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Excellent Company & Team!

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

    I worked at Fannie Mae full-time for more than 5 years

    Pros

    Great Salary, Respectable environment & wonderful benefits.

    Cons

    Can take a lot of interviews before you are offered a position. Layoffs can occur. Lot's of position changes as well.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good Company to work for.

    • 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 as a contractor for less than a year

    Pros

    Great energetic young team to work for. Nice work environment with understanding people. Good Work life balance.

    Cons

    Work can be confusing at times, and sometimes the company differentiates between Contractors and regular employees.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Good

    • 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 as a contractor for more than a year

    Pros

    Good work and life balance

    Cons

    Personal growth not much except good business knwoledge

    Advice to ManagementAdvice

    None

    Recommends
    No opinion of CEO
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  5.  

    Was one of the top job places in DC Metro .. not anymore ..

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

    I have been working at Fannie Mae full-time for more than 10 years

    Pros

    Still a place where you can find talent and it still attracts talent. Good people to work with.

    Cons

    Senior management mostly ex-Wall Street with different values and for most part demonstrate lack of commitment. They also prefer external Wall Street talent rather than local talent for promotion opportunities - so not much career growth opportunity for those within. IT has been recently outsourced to external vendor and this has hurt the firm and unless they address will continue to hurt the firm more over the next few years - not sure how they will execute on the many ambitious initiatives in-flight with less than mediocre IT.

    Advice to ManagementAdvice

    1. Look for talent - wherever you find it.
    2. Stop wasting money on external consultants to get a pretty powerpoint that had all the info you already knew in it.
    3. Fix IT - stop covering up the mistakes done here. Do the right thing - whether it means replacing the vendor or insourcing.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6.  

    Uncertainty

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst III  in  Dallas, TX
    Former Employee - Business Analyst III in Dallas, TX

    I worked at Fannie Mae full-time for more than 5 years

    Pros

    Worked with smart people, benefits were good, made friends, learned a lot about the mortgage industry

    Cons

    too much turnover at the management level and above, too much uncertainty surrounding the future of the company, not enough budget for much training, no independence since the company was a GSE.

    Advice to ManagementAdvice

    more training for direct reports, and more honest communication.

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

    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 for 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
  8.  

    12 Years and going

    • 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

    Great place to learn and earn higher education

    Cons

    Not a place for career growth

    Recommends
    Disapproves of CEO
  9.  

    Get ready for a bumpy ride....

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

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

    Pros

    Compensation and benefits package is very competitive especially 401K employer contributions. Good place for recent college grads and young professionals

    Cons

    Mixed messages from senior-level leadership; Management is not transparent; If you're not part of the "in" crowd, it's difficult to navigate the environment; diversity of thought is not encouraged

    Advice to ManagementAdvice

    Be upfront with employees; Look out for the employees and not just yourselves

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    It was a good experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations and Technology Associate  in  Washington, DC
    Current Employee - Operations and Technology Associate in Washington, DC

    I have been working at Fannie Mae as an intern for less than a year

    Pros

    Got to learn a lot

    Cons

    Had a bit of free time

    Advice to ManagementAdvice

    Work life balance is good

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Fantastic place to be!

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

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

    Pros

    Great compensation and benefits, interesting work, great coworkers and managers, and phenomenal opportunity to grow if you seek it. Large company with a lot of opportunity to explore interests and get involved in cross-team projects.

    Cons

    Technology is a little outdated, and HR is slightly disorganized, but changes are coming that should mitigate these factors. Other than that, it really is a phenomenal place to work!

    Recommends
    Positive Outlook
    Approves of CEO

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