Fannie Mae

  www.fanniemae.com
  www.fanniemae.com

Fannie Mae Reviews

Updated December 16, 2014
Updated December 16, 2014
484 Reviews
3.3
484 Reviews
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
128 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

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  1.  

    High Degree of Politics

    • 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

    FULL TIME enjoys the best; ONLY 10% of productivity; 2 hours of work per day; no need of upgrading skills; just networking; apple polishing the reporting managers.

    CONSULTANT - Sweat Shop, Asian Indians slog here without holidays; without breaks; without food or lunch;

    Cons

    Very political, very divided, very aggressive culture - meeting at 10 pm or 8 am. poor ergonomics.

    Advice to ManagementAdvice

    Stop discrimination on Consultants.

    Doesn't Recommend
  2. 2 people found this helpful  

    You get stuck like glue in certain positions

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

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

    Pros

    Work life balance, flexible hours, great pay and benefits including 6%/100% 401k match are just about all that is good about working for Fannie Mae.

    Cons

    No upward mobility, no ability to move around even though they stress that you are encouraged to do so during the on boarding process, terrible recruiters and not much possibility of moving internally. Fannie Mae is extremely "silo'ed" despite the perception of efforts to change...

    Beware

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    Good to great to TERRIBLE

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Risk Analyst II - Retired in Addison, TX
    Former Employee - Credit Risk Analyst II - Retired in Addison, TX

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

    Pros

    The "pros" prior to 2004 would have taken page upon page of samples. From 2004 forward, the pro reviews received are by people who did not work at Fannie Mae when it was really a professional and extraordinary corporation with a mission of good.

    Cons

    This used to be the greatest company. It used to be the place to work with the best-of-the-best from the mortgage industry. It used to be that we were proud to a part of the company and the service it provided to this nation. Management used to be highly respected and we were a family from the top down. The CEO used to come to town and UNDERSTAND what your job was and be able to speak with you about it. He even introduced himself to you if he did not know you and engaged you in conversation, making you feel that he may not know you personally but he knew the importance of your job and its' function in the company.. Then came 2004 and the new cronies of upper management followed...referred to as "the entitles". From there the slide downward went at turbo speed. There are both upper and middle management who have NO IDEA how a mortgage loan starts, the basics of underwriting, risk and partnership with lenders to help them make better decisions. It became all about the money and less about the housing and education of America and the mortgage industry. The new management ran away the respectable management and those of us with longevity just stuck around to await much needed and earned retirement/pension (which was grandfathered) and is no longer offered. The day that the company started out-sourcing and contracting the worse of the worst, many of us who had waited for the company to come back, started thinking it is time to go. This company is now equal to Enron. Management gets all the benefits (golden parachutes and wealth) while the richly knowledgeable long-term employee is no longer wanted. It has become a revolving door of incompetence, mismanagement and people drawing a salary until the well runs dry.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Contractor

    • 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 as a contractor

    Pros

    Pay as a contractor is good but the stress you get as a contractor might not be worth it.

    Cons

    I have worked at Fannie Mae several times and all the times have not been pleasant. My experience working with my current manager has been the worst experience in my career. This manager does not respect contractors and is extremely stubborn. This person has deliberately tried to accuse me of not completing a task they realized they were the ones that screwed up. Luckily I had evidence to defend against the accusations so this person had nothing to say. This person had the nerve to alter the original email in the thread and type what they wanted it to say and blamed me for not updating the file. That is a violation of integrity in my opinion and if person is willing to do such a stupid act I am afraid of what else this person is capable of doing or what they have already done.

    Not manager material. This person only looks out for ones self and does not know how to train there employees to be successful. If you want to be a successful leader you need to know how to listen and teach. this person has neither. this person is extremely unprofessional when it comes to speaking and providing negative feedback. This person does not go into a conference room where it is quite to provide their feedback. This person calls you to their cube which is wide open and starts to speak loudly then looks around the room to see if anyone else is listening. After this person confirms they have an audience, this person continues to threaten and talk down to you. Another unprofessional speaking trait this person has is when pronouncing the word “ASK”. We are not in Southeast on a street corner, the word is NOT pronounced “ax”. Don’t tell me to go and ax somebody. That really sounds like someone who is uneducated and it clearly reflects on how they were brought up.

    Advice to ManagementAdvice

    Take some people management courses and learn how to be a successful leader. You constantly reiterated that you are the face and we are here to make you look good. That is a terrible mentality and you need to change that and get over yourself. You need to respect and provide your employees with all the tools to be successful and teach them how to use them. You also need to be able to train your employees instead of giving them a quarter and saying to go call someone and find out. Once you figure out how to be a great manager then and only then will you have employees who will work hard and want to make you look good.

    Doesn't Recommend
    Negative Outlook
  6. 2 people found this helpful  

    Horrible Ruthless Company Zero loyalty

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae

    Pros

    Benefits, compensation and work from home

    Cons

    The most political company that you could EVER work for. No work/life balance. They do nothing but lie to their employees. They simply chew you up and spit you out.

    Advice to ManagementAdvice

    Walk the talk

  7. 2 people found this helpful  

    Enter at your own risk

    • 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 full-time

    Pros

    Good work - life balance
    Most of the people are smart, hard working

    Cons

    Most people managers have no clue how to manage people or workflows. FM promotes people with no management skills and has no plan to train these people.
    The culture is stuck in the 1990's and isn't changing
    There are a lot of people that are underemployed (have time and capacity to do more), but management refuses to acknowledgement that point.
    Too much internal focus and not enough customer focus

    Advice to ManagementAdvice

    You aren't as smart as you think you are
    The culture isn't changing although you spend a lot of $$ talking about it
    You have gotten way too arrogant with the shift in the market the last couple years. You aren't that good
    The "one size fits all" management strategy doesn't work well

    Doesn't Recommend
    Neutral Outlook
  8. 2 people found this helpful  

    Data Management Analyst II

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

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

    Pros

    if you want to retire and dont worry about your pay check growth that inturn reflects in your personal and professional growth and development, this is a best place to hang out. If you are good in spending your whole day,week and months in meeting rooms and provide lip service, awesome place to stay.

    Cons

    Not at all a place for any sane professional to grow. Full of politics. Re orgs happens like evry day meetings. If you wanna go on depression pills, please join this company. Filled with full of soccer moms and movie dadys.

    Advice to ManagementAdvice

    Grow up professionally and learn some skills to lead

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Morale & mood for most employees is down

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

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

    Pros

    pay and benefits are higher than most average

    Cons

    Re-organization and layoffs are common so job stability is tenuous. Very hard to get anything done as processes continually change or unknown due to very high turnover rate

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Difficult work environment

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

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

    Pros

    Compensation is good. Benefits are very good.

    Cons

    Extremely difficult work environment. Government mentality with excessive restrictions and out of date and poorly documented systems make it very difficult to accomplish tasks.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    Working tirelessly at cross purposes

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

    I worked at Fannie Mae full-time (less than an year)

    Pros

    Great compensation package, a lot of talented and capable people

    Cons

    Politics, back-stabbing, poor communication, lack of consistent direction for the organization resulting in mass confusion

    Advice to ManagementAdvice

    Simplify reporting, reduce complexity, hire people internally to do the work rather than overpriced consultants so you can build organizational capacity

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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