Fannie Mae

www.fanniemae.com
Employer Engaged

Fannie Mae Reviews

Updated February 26, 2015
Updated February 26, 2015
509 Reviews
3.3
509 Reviews
Rating Trends

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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
137 Ratings

Review Highlights

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 Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Consultant

    • 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

    Well compensation and benefits package

    Cons

    Leadership less growth opportunity different culture

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Fannie Mae is a great company to work for. It offers many opportunities to grow and has some of the great benefits.

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

    I worked at Fannie Mae

    Pros

    Fannie Mae uses best technology products for its business and has many best technology professionals.
    Fannie Mae offers great benefits for its employees, 401k,health insurance, sick leave, short term and long term benefits, Tuition reimbursement, paid vacation.

    Cons

    I do see some times leaders who are not competent enough filling the positions due to their seniority dragging the company down.

    Advice to ManagementAdvice

    Management should put in systems to recognize the best performers and reward them appropriately. Performance should be the criteria in considering promotions rather than seniority. Management should listen to the employees frequently via surveys implement the changes that it finds reasonable.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    WIsh I never left

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

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

    Pros

    Top pay and benefits of industry, work from home opportunity, extra jeans days, good bonus plan

    Cons

    Work/life balance didn't always happen, but pay made up for it. Managers do not really understand what their employees do. They are just hired because of management experience, not position experience.

    Advice to ManagementAdvice

    Learn more about what your employees do on a day to day basis.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Great company to work for!

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

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

    Pros

    Very intelligent people, interesting work, opportunities to strategize and have a meaningful impact, good pay and benefits, exciting time of change. Generous vacation and retirement plans.

    Cons

    Heavily regulated and slow to change. Not able to be very innovative.

    Advice to ManagementAdvice

    Prepare to compete in the future with new technology and products.

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

    Still a Great Company

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

    I worked at Fannie Mae full-time (more than 10 years)

    Pros

    Mission
    Under great deal of transformation - so great opportunities
    Good pay and benefits

    Cons

    Under a great deal of transformation so potential to be caught in a rip tide
    Lack of stability
    Performance management system that is of the GE philosophy - it's all about competition when they should be stressing collaboration and relationship building

    Advice to ManagementAdvice

    Look to yourself first for failings, not employee base

    Recommends
    Positive Outlook
  7.  

    It's A Job

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

    I have been working at Fannie Mae

    Pros

    The company cares about the work/life ratio. Good benefits overall. No one breaths down your neck as long as you meet your metrics.

    Cons

    Poor lower level management - most are not good people managers

    Advice to ManagementAdvice

    Promotion should be based on merit not favoritism

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Fun friendly environment with good work life balance

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

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

    Pros

    Plenty of interesting and intellectually stimulating challenges, especially in the finance and accounting areas. Learn a lot of details about the mortgage industry from subject matter experts.

    Cons

    Very busy sometimes. Occasionally a big project gets kicked into overdrive and it's all hands on deck. Lots of systems using ancient technology, light years behind the current state of the art.

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
  9.  

    Great company to work for as a stepping stone in your career

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

    I have been working at Fannie Mae

    Pros

    Salary and benefits are very competitive
    Challenging and complex work
    Opportunity to work with very talented individuals
    Work-life balance can be okay depending on which group you are in

    Cons

    Extremely political environment
    Difficult to advance in the organization
    Culture is very passive/aggressive
    Decent training is provided for upper management only

    Advice to ManagementAdvice

    Unless you make changes so people can move up within the organization, you will continuously have entire groups with mostly new employees trying to learn this very complex business.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Socialist Management

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

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

    Pros

    The pay and benefits are good. The company promotes volunteering in the local community. The company allows working from home subject to manager approval.

    Cons

    Employees are measured by comparison with their peers. Employee performance outside the average range of peers, whether positive or negative, is discouraged. Employees who make suggestions are considered malcontents. Employees that ask questions are considered incompetent. Fannie Mae is a Government Sponsored Entity that has a highly political culture without the government job benefits of job security and secure retirement.

    Doesn't Recommend
    Negative Outlook
  11. 1 person found this helpful  

    A great place to work but challenging for women at the top

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Pros

    Smart, dedicated people who know their stuff in a work environment that's pretty balanced. Pay is very good relative to other places.

    Cons

    Tough for women at senior management levels; hard to get a handle on the future of the organization; stymied by regulator

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