Fannie Mae Reviews

Updated September 18, 2014
Updated September 18, 2014
440 Reviews
3.2
440 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
105 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 72 reviews)

  • great benefits and flex hours; great for learning all aspects of housing market (in 36 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 17 reviews)

  • Petty management, lots of rot in middle management, corporate culture still very old-school (in 11 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Excellent company, gained great knowledge and experience, impact to the community

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Pre Rental Specialist/Project Specialist  in  Addison, TX
    Former Employee - Pre Rental Specialist/Project Specialist in Addison, TX

    I worked at Fannie Mae as a contractor for less than a year

    Pros

    Contributing to protecting the consumer

    Cons

    hard to get hired permanently

    Advice to ManagementAdvice

    Hire more employees and don't overload current employees

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Summer Intern

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

    I worked at Fannie Mae full-time for less than a year

    Pros

    I love the company culture there. People are nice and work efficiently.

    Cons

    Offices space is small. Ceilings are not high enough. Easy to get loss in the office buildings.

    Advice to ManagementAdvice

    No

  3. 1 person found this helpful  

    First Time at Fannie

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Quality Analyst  in  Reston, VA
    Current Employee - Quality Analyst in Reston, VA

    I have been working at Fannie Mae as a contractor for more than a year

    Pros

    Working in HAMP Learned so many things, liked very much helping home less program.

    Cons

    Should improve Full time hiring process.

    Recommends
    No opinion of CEO
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  5. 1 person found this helpful  

    Surprised at how well-run this company is.

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

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

    Pros

    Extremely professional organization. The people are very well-qualified and dedicated to their mission. Fascinating to see the internals of how the mortgage industry actually works in this country. Fannie Mae has been unfairly vilified as a cause of the mortgage collapse. In fact, they are required to buy loans sight-unseen from the originators, which provided a great opportunity for fraudulent mortgage brokers. Why the law was written like that is an enduring mystery! Finally, it is a very diverse workforce demographically.

    Cons

    The employee evaluation system for non-managers is arranged so that 50% of the evaluation is based on a "360 degree" view, and only 50% on quality of work -- meaning that non-managers must be popular to stay. When coupled with the HR "stacking" policy in which the bottom 5% of the staff is targeted for termination each year, and the heavy emphasis on using contractors and term employees, the result is that the permanent employee cadre are very homogenous in outlook and style of thought. Which is ironic, since the demographics are quite varied.

    So, unfortunately, conformity is rampant, and divergent thinking isn't encouraged. Also, the dominant culture is one of brevity in speech -- "it is better to keep silent and be thought a fool, than to speak and remove all doubt." The result is a certain type of group-think, which is one of the reasons (I believe) why the organization was so easily defrauded by Countrywide and other bad actors who sold them completely bogus mortgages.

    Advice to ManagementAdvice

    Less group-think. Get rid of the "stacking" of employees -- just about everyone is highly qualified, no need to shave off the bottom 5 - 10% every year. It encourages unfortunate and sometimes vicious competition internally, to little purpose.

    Recommends
    Neutral Outlook
    Approves of CEO

    Fannie Mae Response

    Feb 4, 2014Representative

    Thank you for your feedback and we appreciate you taking the time to review the company. We will pass this along to Senior Management.

  6.  

    QA Test Lead

    • 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

    Good Growth Skills I like this company

    Cons

    I didn't face .I like this COmpany

    Advice to ManagementAdvice

    nothing

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Great company to work for.

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

    I worked at Fannie Mae full-time for more than 5 years

    Pros

    This company is really into work life balance. When I was there, they offered childcare, lactation rooms, health facility, elder care, meals to go, bonded house sitters, etc. Your life could be balanced from birth to death; thus allowing you to work with fewer life stressors.

    Cons

    Sometimes, management could be cold and unfeeling. While I never experienced this, I did witness this on a couple of occasions.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    contribution to building a new operations group

    • 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 for more than a year

    Pros

    friendly people, talented technologists, work straight out of the headlines, secure and comfortable environment, a chance to stretch my skills

    Cons

    a chance to stretch my skills, friendly people, talented technologists, work straight out of the headlines, secure and comfortable environment

    Advice to ManagementAdvice

    keep it up! well done

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great Place for Opportunity

    • 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

    Like the people, the work, location. Grow within, so if hired, you have lots of opportunity for a long career within the company.

    Cons

    I really dont have anything bad to say. Not all the jobs at Fannie allow to work from home, but thats more of a perk.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    overall, good company values, work/life balance, and diverse workforce

    • 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 for more than 5 years

    Pros

    good company to work for

    Cons

    not much room for growth in some fields

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Great place to work

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

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

    Pros

    Great workplace for work-life balance and stable work environment.

    Cons

    Executives are an elite group and distance themselves from normal employees

    Recommends
    Positive Outlook
    Approves of CEO

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