Fannie Mae Reviews

Updated March 30, 2015
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3.3
528 Reviews
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
146 Ratings

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 Pros and Cons

Employee Reviews

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  1. good financial package

    • 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

    nice environment.people are mostly nice

    Cons

    growth is not easy . growth is dependent on management sometimes

    Recommends
    Negative Outlook
    Approves of CEO
  2. Very positive

    • 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

    Great pay and benefits. Good work/family balance.

    Cons

    Large company corporate culture. Little focus on retaining existing employees.

    Advice to ManagementAdvice

    Focus on retaining talent and providing upward mobility.

    Recommends
    Positive Outlook
    Approves of CEO
  3. Overall working at Fannie Mae was pleasant and rewarding. Fannie Mae had a fair work to family life balance too.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriting Standards Specialist III
    Former Employee - Underwriting Standards Specialist III

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

    Pros

    Production was reasonable, given projects, and learned alot- esp on the secondary market.

    Cons

    Having a business restructuring and downsizing. Instructional procedures were changing multiple times in one week. Many instances, a manager's team knew more information than the actual manager. Old computer software systems too.

    Advice to ManagementAdvice

    Be more connected to your team versus being in meetings 3/4 of everyday

    Recommends
    Negative Outlook
    Approves of CEO
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  5. Positive

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

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

    Pros

    Great place to work at if you're ambitious and comfortable with change. Pretty good work from home policy.

    Cons

    Bad place to work at if you're not ambitious and uncomfortable with change. Life under conservatorship is interesting to say the least.

    Recommends
    Positive Outlook
  6. Fannie Mae is a Great Place

    • 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 Management
    Good Work Life/Balance
    Great Benefits
    Many areas to develop in

    Cons

    Some Managers lack direction
    Not a lot of room to get projects depending on your department

    Recommends
    Positive Outlook
    Approves of CEO
  7. Good Pay and Benefits but Very Cut Throat and Stressful Place to Work

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

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

    Pros

    Decent salaries and benefits, but be prepared to negotiate

    Cons

    Very cut throat, company expects at least 5% - 10% of its work force to receive a "does not meet expectations" year end performance rating every year. Lay offs occur every year, followed by new hiring. Very stressful company to work. Absolutely no work life balance.

    Doesn't Recommend
    Negative Outlook
  8. Good pay and benefits, political to no end.

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

    I worked at Fannie Mae full-time (more than 3 years)

    Pros

    Good pay and benefits are top of the line.

    Cons

    Just like DC, Fannie Mae is a political beast. You better know somebody or get in good with somebody if u don't want to be on outside looking in.

    Advice to ManagementAdvice

    Politics is expected at Executive Management levels, but the politics flow all the way down to analyst levels at FNMA. The liberal/progressive political culture supports that lifestyle, and is not appreciated by lots of folks.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9. Good Benefits, flexible hours, limited upward mobility.

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

    I have been working at Fannie Mae

    Pros

    Great Benefits, 401k matching up to 6% plus an extra 2% per month. The work environment is laid back, but it really depends on what department you are in as I have seen varying differences in flexible hours and work from home opportunities.

    Cons

    Not all departments work by the same rules. I have been here for 1.2 years and have yet to see one promotion within the group. Some folks I have talked to have been here over 5 years and never been promoted.

    Advice to ManagementAdvice

    Get all department on the same page. If you allow one group to work from home 2 days a week, then you should allow all departments to do the same. Also promote within the department, almost all open rec's have been filled internally but with people from outside the department.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 2 people found this helpful

    Good place

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Pros

    Good work life balance. Good learning for new grad.

    Cons

    It will have some changes soon. Don't know how it goes in the future

  11. Company in transition

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

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

    Pros

    Considerable change underway to best position for future success. Strong focus on building new infrastructure and customer centricity. Incredibly smart and qualified employees. Company has a strong strategic focus and is exceptional during times of crisis.

    Cons

    Inconsistency in management, especially at the low-officer level. Apparent focus on external hiring, but often individuals with mixed managerial expertise affecting moral of existing staff. Inconsistency between business units, especially relative to expectations of staff and management.

    Advice to ManagementAdvice

    Focus on employee development and growth. Tomorrows leaders are currently on staff - identify and develop them. Improve career growth opportunities for all qualified employees. Shed unnecessary or non-performing staff regardless.

    Recommends
    Positive Outlook
    Approves of CEO

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