Fannie Mae Reviews

Updated September 1, 2015
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
21 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

115 Employee Reviews

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  1. Have a backup plan

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Senior Business Analyst/PMO in Bowie, MD
    Current Contractor - Senior Business Analyst/PMO in Bowie, MD
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Fannie Mae as a contractor (Less than a year)

    Pros

    Great pay and great locations

    Cons

    they will end your assignment without giving you notice


  2. Helpful (1)

    Operations

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Ashburn, VA
    Former Employee - Anonymous Employee in Ashburn, VA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Offer training and development to expand knowledge and skills; advocate innovation; benefits and compensation; telecommuting available;

    Cons

    Inconsistent execution of leadership practices; low morale; conflict between written culture and actual culture; very political; lack of effective and timely decision making. A lot of great talent wasted.

    Advice to Management

    Really need to work on consistent execution of leadership across the organization. Culture looks good on paper but in reality it's all over the place which greatly impacts morale and productivity across the organization. There's a lot of great talent that is being lost or destroyed due to a lack of trust in superiors and colleagues.


  3. Helpful (3)

    Company with diminishing future .. though still pays well

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in Aldie, VA
    Former Employee - Director in Aldie, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Fannie Mae (More than 3 years)

    Pros

    - One of the better paymasters in the DC area - Still has overall good benefits - though they are going away quickly over the years - Location of offices in Northern VA, MD, DC offer multiple commute choices if your manager allows - Fairly decent technology environment and remote working capabilities

    Cons

    - Upper executive management over the years have been replaced with Wall Street execs with less than ideal values and culture - Lack of commitment to the firm from most of the top executives who have been commuting weekly from out of town for over 5 years - Short-term focus (and hence lack of focus) - Sense of mission purpose is no longer clear - Politically motivated - does not operate like a "real" firm from a financial or results perspective - Unqualified leadership (by experience and domain expertise) at both the executive and middle-management levels - Go-along mentality is more a success criteria rather than results - Core IT services have been outsourced, it was a disaster and it's getting worse - Morale at the working staff level is "low"

    Advice to Management

    - Get back to basics - Address the big problems rather than covering them up (IT outsourcing failure) - Be careful with bringing IT leadership from Wall Street - so far it's hurt some of the core values like transparency and "what's best for the firm" culture - Lack of accountability for bad decision making


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  5. Helpful (4)

    Fannie Dallas not a great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Dallas, TX
    Current Employee - Anonymous Employee in Dallas, TX
    Doesn't Recommend

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

    Pros

    Pay package and generous vacation policy

    Cons

    Terribly juvenile managers. Managers with no technical skills manage technical teams! Growth opportunity slim to none.

    Advice to Management

    Relax and stop pretending this is a for profit company


  6. Helpful (1)

    Sr. QC UW

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at Fannie Mae full-time

    Pros

    Great insurance and flexible hours

    Cons

    Not focused on technology and too many terrestrial silos

    Advice to Management

    Streamline your loan review and analyses both technologically and politically


  7. Helpful (7)

    Anonymous

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous in Dallas, TX
    Current Employee - Anonymous in Dallas, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    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.


  8. Full time contractor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor in Washington, DC
    Former Contractor - Anonymous Contractor in Washington, DC
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Fannie Mae as a contractor (More than a year)

    Pros

    Beautiful corporate office with a culture that promoted creativity and new ideas.

    Cons

    heavy politicking and favoritism. Sometimes felt like time had moved backwards and you were working in the 1950's.

    Advice to Management

    Make more an effort to less play favorites.


  9. Helpful (1)

    Project Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Washington, DC
    Former Employee - Project Manager in Washington, DC
    Doesn't Recommend
    Negative Outlook

    I worked at Fannie Mae full-time (More than a year)

    Pros

    Lots of Paid Time Off and Holiday Vacation, limited job oversight, extensive training and a very diverse workforce. Located centrally in Washington DC.

    Cons

    Too inconvenient to commute further than immediately outside the city limits. Management provides long and often unnecessary training activities and they are currently undergoing a rapid downsizing effort to fit into the new offices in DC.

    Advice to Management

    Stop with the 80 hour requirement for training and listen to your employees when they say they need training for areas specific to their daily jobs.


  10. Helpful (1)

    Fannie Mae Review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Education Specialist in Dallas, TX
    Former Employee - Customer Education Specialist in Dallas, TX
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Fannie Mae (More than a year)

    Pros

    Big company …. lots of easy rules to follow to play the game and advance your career.

    Cons

    Very clique-y management as well as a mix of micro-managing in some areas and too little in others.

    Advice to Management

    Listen to your staff and try to value them, their input, their individual personalities, and their effort.


  11. Helpful (6)

    A few bright spots among a sea of ineptitude

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Fannie Mae full-time

    Pros

    Fannie Mae in general has somewhat competitive compensation and benefits packages. There are some departments that seem to function normally, but it is the exception rather than the rule. If you find a bright leader to work under, stick with them, because there aren't many to be found. Support for volunteer activities was a plus.

    Cons

    Fannie Mae is a company floundering in an overall lack of direction and an unusually high level of ineptitude in most levels of management. There were certainly some smart managers and employees, but too many were not. While many of the problems at Fannie are self-made, some are due to not being able to do much of anything without the guidance and approval of an extremely slow to react regulator, which is a political beast in itself. So in the end you have ineffective management trying to implement the direction from a regulator that can't decide what it wants to do. What you have left is a bunch of managers fighting for some kind of relevancy and trying to survive at the expense of others in the company.

    Advice to Management

    When employee surveys indicate an issue, don't look at your direct reports for the problem, look in the mirror.



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