Fannie Mae Reviews

Updated October 30, 2014
Updated October 30, 2014
468 Reviews
3.3
468 Reviews
Rating Trends

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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
117 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

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  1.  

    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
  2.  

    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
  3.  

    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
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  5.  

    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
  6.  

    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.

  7.  

    Rewarding Opportunity

    • 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

    Compensation, People, Interesting Work, Location, Training Available

    Cons

    Leadership, Long Hours, Challenging to move to the next level

    Advice to ManagementAdvice

    Flexible Work Schedule

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Proud to have had the opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quality Assurance Appraiser in Dallas, TX
    Former Employee - Quality Assurance Appraiser in Dallas, TX

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

    Pros

    Industry leader. An atmosphere that is professional and satisfying. Location of office offers easy commutes from a wide variety of residential communities supportive of great family environments.

    Cons

    Process of having an employee status for long term hope of career is governed by stages of contractor and term contract status.

    Advice to ManagementAdvice

    Remain focused on long term objectives

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Best if you join as a Full Time Employee, Contractor beware!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Engineer in Reston, VA
    Current Employee - Systems Engineer in Reston, VA

    I have been working at Fannie Mae full-time (less than an year)

    Pros

    Great benefits; One of the best in the industry. Working hours are flexible, but you need make yourself available during core business hours Monday - Friday. Option to work in any of the locations in the DC Metro area is a plus.

    Cons

    If you are a Contractor, be aware that there are 2 to 3 weeks of furlough that occurs at the end of the year. Ask your contracting company about the furlough, because you could end up not making any money for up to 3 weeks. Negotiate a slightly higher rate to compensate for this. You have been warned.

    Advice to ManagementAdvice

    Keep up the good work and keep hiring the best talent you can find.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Challenging and exciting projects!

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Pros

    Great place to learn. Good team work.

    Cons

    None that I can think of.

  11.  

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

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

    I have been working at Fannie Mae as a contractor (more than an 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.

    Recommends
    Neutral Outlook
    No opinion of CEO

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