Fannie Mae Reviews

Updated April 16, 2015
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3.3
534 Reviews
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
147 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. Great organization, great partners

    • 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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Excellent support and opportunities. One of the best firms that I have been involved with in the last 10 years. An excellent portfolio of opportunities. Great benefits and a forward looking company.

    Cons

    There are no negative things I have to say about Fannie Mae. I was always engaged on success orientated projects and once completed had ample opportunity to find a new niche for myself.

  2. Helpful (1)

    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)

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

    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 Management

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

  3. Helpful (1)

    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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  5. Great 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

    Professional atmosphere and great pay

    Cons

    Very few cons - great place

  6. Helpful (1)

    Fannie Mae - great environment and skilled people

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Competitive base salaries for the DC area
    Lots of change in the mortgage banking industry makes it unique place to work
    You get to work with lots of experienced people, and the best mortgage/MBS traders in the world

    Cons

    Constrained by regulators and obligation to treasury. Because of this certain benefits, perks, and compensation is lacking. It can be a struggle to get sign off on anything that costs money.

  7. Great place , but a bit slow overall

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Operations and Technology Associate in Reston, VA
    Former Intern - Operations and Technology Associate in Reston, VA

    I worked at Fannie Mae as an intern (less than a year)

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

    Pros

    -The company has many experienced individuals varying across the many levels and divisions (this experience is highly valuable to a new incoming employee (which i was)
    -Work life is great, 37/5 hours a week- 40 hours a week, you don't get worked to the bone

    Cons

    -alot of old people
    -not enough innovation
    -projects are slow

    Advice to Management

    Speed up

  8. Employee over 5 years; total over 6 years; started as contractor.

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

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

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

    Pros

    Happy with my manager who does not micro-manage. If we need time off for any reason, doctor appointments or personal reasons the manager allows it. Have learned allot and the work is challenging, helps me to be the best I can be at completing tasks and getting things done. No complaints about my co-workers or management - it has been a good experience working there. The only setback is not being allowed to work from home due to my position... whereas the lion's share of workers do work from home so it is very quiet in the office.

    Cons

    Politics; allot of egos to deal with, but if you can accept it for what it is just go with the flow and do your job that's the best way to deal with it; do not try to change it. The dept. grew from less than 20 folks to over 100 in the last five years; as it grew more people came along who were grandstanding to get ahead; if you can sit back and just watch it it is hilarious because there are no opportunities for advancement. There are chances to shine if given special projects but these are given to the manager's favorites. Despite the favoritism, I am happy with the company.

    Advice to Management

    Allow all workers to work from home, it would help with employee morale.

  9. I LOVE my job!!!!!!!!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Credit Specialist in Philadelphia, PA
    Current Employee - Credit Specialist in Philadelphia, PA

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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    I have worked at home (WAH) for more than half of my time at Fannie Mae. I have had 5 Managers in almost 5 years of working here, as a Contractor, Term Employee and permanent full time employee. I have adored 4 of them, and worked well with the other. I have gotten tremendous learning opportunities and offers of promotions (which I have chosen not to take for personal reasons). The benefits are good, including health, dental, vision, life insurance, short and long term disability and a 401(K) match of 6 percent, plus an additional 2 percent! There is constant training which helps me improve my knowledge and skills.

    Cons

    Sometimes I feel a little insecure in my job stability. There is constant and repetitive QC of work. The offer of WAH is flip-flopped depending on the production requirements, so it cN be hard to plan sometimes.

    Advice to Management

    Let workers whose production and quality of work can be qualitatively and qualitavely assessed work at home. It is better for morale, employee satisfaction, the environment - and, quite frankly, could save you money in rent for fewer accommodations for employees coming into the office to work.

    Fannie Mae Response

    Nov 13, 2014Company Representative

    Thank you for taking the time to share your positive experience working at Fannie Mae. It’s great to hear that you have been taking advantage of the learning opportunities and valuable trainings at ... More

  10. Great place to work

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

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Fantastic benefits, including on-site emergency child care, vacation and sick leave, 401k, tuition reimbursement, etc. Good people to work with to achieve company's mission.

    Cons

    Numerous locations in DC metropolitan area and constant reorganizations may result in an unanticipated commute. Executives aren't the most friendly group to work for.

    Advice to Management

    Do more to make employees feel valued.

  11. Helpful (1)

    Proud to have had the opportunity

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

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

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

    Pros

    Industry leader. An atmosphere that is professional and satisfying. Location of office offers easy commutes from a wide variety of residential communities supportive of great family environments.

    Cons

    Process of having an employee status for long term hope of career is governed by stages of contractor and term contract status.

    Advice to Management

    Remain focused on long term objectives

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