Fannie Mae Reviews

Updated July 2, 2015
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3.3
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Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
145 Ratings

Pros
  • Fannie Mae has very good work-life balance atmosphere (in 78 reviews)

  • Very good compensation and benefits packages (in 20 reviews)

Cons
  • Senior management doesn't approve new hires quick enough in production environments (in 19 reviews)

  • Work life balance is hard to Get (in 8 reviews)

More Pros and Cons

533 Employee Reviews

Sort: Popular Rating Date
  1. Executive Support Professional

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

    I have been working at Fannie Mae (More than 8 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Diverse, believes in promoting within, open to staff

    Cons

    unfortunately the company is downsizing


  2. Oracle DBA

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

    I worked at Fannie Mae (More than 5 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Best place to work, nice people and good billing rate.

    Cons

    as a contractor you can work only 3000 hours and have to take 6 months break.

    Advice to Management

    Nothing.


  3. Cash Management Analyst

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great mission. Very very diverse and exceptional individuals . Good salary.

    Cons

    FHFA controlled. Unknown future state. Too many unnecessary changes as management tries different paths.

    Advice to Management

    Measure twice, cut once.


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


  5. Helpful (1)

    VP Life at Fannie Mae

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

    I have been working at Fannie Mae full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    - You work with VERY smart people that have a passion for providing affordable housing
     - Lots of new management changing the way the work gets done; focused on simplifying the environment; the culture is changing

    Cons

    - Hard to change the culture; too many people have been there for 20 plus years; they feel like they own the company
     - They don't move with a sense of urgency
     - Who knows what will happen to Fannie Mae; the future is in the hands of Congress (and Congress cannot agree on anything)

    Advice to Management

    - Be patient; change is underway but will take more time
     - Network, Network, Network; this is a HUGE relationship company
     - Understand the rules and regulations; they have a strong compliance and ethics department


  6. Enjoyed Worked There

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

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    A great company to work for, good salary, great benefits, good technology, and a good work life balance.

    Cons

    Internally destructive...say they are saving costs by outsourcing, but at the end of the day I don't think they are saving.

    Advice to Management

    Try and get out of Conservatorship.


  7. Fannie Mae

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

    I have been working at Fannie Mae

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    You work with very smart and hard working people. The work is very complex and interesting.

    Cons

    The job is very demanding and stressful. Most people work very long hours. There is anxiety about layoffs all the time.

    Advice to Management

    Management should do a better job when communicating layoffs.


  8. Not amazing but not bad

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

    I have been working at Fannie Mae full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Positive and social environment. I've met some extraordinary people here.

    Great benefits, 17 vacation days (including 2 floating holidays), 10 holidays, generous 401k plan, unlimited sick days, flexible work schedules, good work/life balance (usually)

    Cons

    Organizational change leads to downward pressure on lower management/analysts from the top. Also a very "top-heavy" company with VPs and Directors.

    Advice to Management

    Reduce the amount of upper management, encourage more cross team collaboration, and reduce the amount of analysts reporting to Directors.


  9. Helpful (2)

    Anonymous

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

    I have been working at Fannie Mae full-time (More than 8 years)

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

    Pros

    Nice employees. Diversity. Inclusion. Business casual. Fair compensation. Fair benefits package. Internal training.

    Cons

    Bonuses, promotions and layoffs are not tied to job performance. Bureaucracy.

    Advice to Management

    Building new trophy office + threats of layoffs = miserable culture. Officers, leave your Prada and Christian Louboutin at home. Your loyal employees fear for their jobs.


  10. Good place to work

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

    I worked at Fannie Mae (More than 10 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good Benefits
    Good opportunities to engage in interesting projects if you know how to network
    Good work/life balance if you know how to manage up and manage your workload
    Opportunities for mentoring if you are in the right parts of the company

    Cons

    Lack of clarity in middle/lower management in some area regarding priorities
    Lack of ability to accurately identify LOEs on projects leading to resource starvation for those projects
    Culture change is harder due to the uncertainty created because of C-Ship.

    Advice to Management

    Encourage mentoring as a requirement for moving into or up the management ranks in order to provide another communication channel. Recognize that the uncertainty is stressful on employees and encourage that work/life balance be a priority for your high/good performers. Continue to be honest and open about changes that are coming in regards to staffing and regulations.


  11. knowledge sharing

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

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

    Neutral Outlook
    Neutral Outlook

    Pros

    The mission
    Competitive compensation
    Flexible work arrangements
    Benefits

    Cons

    Challenging culture
    Hierarchy
    Process driven vs results driven
    Consensus driven
    Analysis paralysis

    Advice to Management

    Continue to drive culture change
    Express, model, and reinforce the behaviors that will bring about the culture transformation



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