Fannie Mae

www.fanniemae.com

Fannie Mae Reviews

Updated January 30, 2015
Updated January 30, 2015
500 Reviews
3.3
500 Reviews
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
135 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.  

    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)

    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 ManagementAdvice

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

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Contractor at Fannie Mae

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

    I worked at Fannie Mae

    Pros

    As a contractor the best part of working at Fannie Mae was the monetary compensation. I also enjoyed my co-workers.

    Cons

    Management was out of touch and rarely interacted with their staff. The company is very unstable and there are a lot of layoffs. There was intense pressure to meet deadlines. Management encouraged employees to work until daily quota was met which often resulted in long hours, but did not allow overtime contrary to the contracting company guidelines. The Fannie Mae job guidelines were huge and were added to on a daily basis making it difficult to keep up with requirements. Contractors were generally treated poorly compared to full time workers.

    Advice to ManagementAdvice

    Everyone is busy at Fannie Mae from management down, but please take time to interact with your employees; by not doing so you are only creating a negative environment and making your employees feel unimportant to the overall mission.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Excellent Learning & Challenges

    • 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 3 years)

    Pros

    My experience at Fannie Mae was very positive. Very bright colleagues and intelligent group of people to work with. Strong drive to manage your own career, ideal if you're a self starter.

    Cons

    Very political, disjointed management at times.

    Advice to ManagementAdvice

    It's important to continue to distinguish the strong people managers from the individual contributors. A lot of strong talent at FNMA being neglected due to the lack of leadership.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Good Benefits

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

    I have been working at Fannie Mae

    Pros

    Overall good benefits and very good vacation policy.

    Cons

    Work is slowing down and there is little room for growth.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Uncertain Future

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

    I have been working at Fannie Mae

    Pros

    The work life balance in my department is better than most. The pay is better than most, and the benefits are significantly above industry average.

    Cons

    There are many outside factors that will determine the future. Being faced with that uncertainty every day is difficult.

    Advice to ManagementAdvice

    Work much harder at following your words with actions. Work even harder to retain and promote mid level managers to build directors from within and avoid losing valuable institutional knowledge.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Old school views

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

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

    Pros

    Fannie Mae's mission is the reason most people enjoy working there. Making homeownership possible for all.

    Cons

    The policies and practices are tied to tradition and the culture is more about who you know and making friends. If you are focused and mission driven and have the expectation that others feel the same about getting the job done then this is not the place for you.

    Advice to ManagementAdvice

    Company values need to be redefined and then upper management should walk the talk

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8. 1 person found this helpful  

    OK place to work

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

    I worked at Fannie Mae

    Pros

    Lots of diversity; opportunity for advancement if you find your own mentors

    Cons

    Prepare for constant change and uncertainty

    Neutral Outlook
  9. 1 person found this helpful  

    Developer

    • 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

    benefits and 401k, friendly people. social life.

    Cons

    There is a joke. in Fannie Mae , you need approval for pretty much anything. even to use rest room. There are managers do nothing but sit 8 hours and approve 10 to 20 requests and go home .

    Advice to ManagementAdvice

    More managers than people actually do the work. 5 out 10 are some kind of managers.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Overall, a good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 8 years)

    Pros

    Work/life balance, good amount of vacation, great benefits, competitive compensation, availability of training and development. Solid performers are encouraged to move around within the organization.

    Cons

    Too much bureaucracy, terribly behind in technology. An exorbitant amount of time must be spent on detailed documentation of every minute process, formal documentation of quarterly performance check-ins, quarterly technology access reviews, and other similar administrative tasks.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Financial Economist

    • 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

    Work/ Life Balance. Working from home every two week.

    Cons

    You should wait for a while to get promoted.

    Advice to ManagementAdvice

    N/A

    Recommends
    Neutral Outlook
    Approves of CEO

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