Fannie Mae Reviews

Updated September 27, 2014
Updated September 27, 2014
441 Reviews
3.2
441 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 74 reviews)

  • great benefits and flex hours; great for learning all aspects of housing market (in 38 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 19 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.  

    Employee

    • 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 a year

    Pros

    Great pay and generous benefits, talented coworkers, fantastic company working to do a great service for American families.

    Cons

    Can't think of anything really. Overall, coworkers and management are great, environment is great, interesting work, etc.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    An ease place to work

    • 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

    The work hour is not crazy and Fannie Mae has very good retirement benefits for employee. Co-workers are generally nice. Fannie Mae has a SERVE program every summer, which is to volunteer people serve the community by attending charity events.

    Cons

    Probably only 20% of the people are actually doing real work in Fannie Mae. And the rest are just throwing idea and playing bureaucrat games.

    Recommends
    No opinion of CEO
  3.  

    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
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  5.  

    Political

    • 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 Benefits - 401k, vacation,
    Good Salary -
    Easy Location - Herndon Reston

    Cons

    Political
    Perception Based Vs Performance based

    Advice to ManagementAdvice

    Need to value people who work

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    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
  7.  

    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
  8.  

    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
  9.  

    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
  10. 1 person found this helpful  

    Great Company

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

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

    Pros

    Solid Leadership, great compensation and culture

    Cons

    Technology out of date, overwhelming volume

    Advice to ManagementAdvice

    Enhance technology to work smarter not harder to allow employees more of a work life balance.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    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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