Fannie Mae Reviews

Updated September 27, 2014
Updated September 27, 2014
441 Reviews
3.2
441 Reviews
Rating Trends

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

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 74 reviews)

  • great benefits and flex hours; great for learning all aspects of housing market (in 38 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 19 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.  

    Good

    • 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

    Good work and life balance

    Cons

    Personal growth not much except good business knwoledge

    Advice to ManagementAdvice

    None

    Recommends
    No opinion of CEO
  2.  

    12 Years and going

    • 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

    Great place to learn and earn higher education

    Cons

    Not a place for career growth

    Recommends
    Disapproves of CEO
  3. 1 person found this helpful  

    Great Company

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

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

    Pros

    Solid Leadership, great compensation and culture

    Cons

    Technology out of date, overwhelming volume

    Advice to ManagementAdvice

    Enhance technology to work smarter not harder to allow employees more of a work life balance.

    Recommends
    Neutral Outlook
    Approves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Great people, bad management.

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

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

    Pros

    Very laid back work and lots of down time. They purposely over hire to keep the workload down. The positive of this is you have a lot of free time. The down side is you become just a number.

    Cons

    Consulting/contracting is pointless here. Keep your resume out there if you are one with this group. They have an extremely high turn-around and will replace you with a completely ignorant/new consultant/contractor when your contract expires.

    Advice to ManagementAdvice

    As a team member, I led a department with productively efficient results. Management kept claiming we needed more and more staff. The problem I had was that only two of the consultants hired after me were actually qualified for a tech position. This is only 2 out of 12 hires. Then at the whim of my department's supervisor I showed why we didn't require so many additional employees (he asked for proof). So a few days later, after I caught up on my current project, I decided to enter the main queue. We had 5 queues to take from, and we had 14 people hired to all worked out of just one of these 5. I went in and cleared out 95% of this queue within 2-3 hours (this equates to 3-4 days worth of work). Talk about inefficiency. The only thing I'm slightly bitter about was about 9 months later I was supposed to be hired into this department as a full-time employee but because of management changes including 3 different director changes I was let go and replaced by another 4 new hires and the area I specialized in was dropped due to it being too confusing for the rest of the team members to manage (Unix systems through PuTTY).

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Fannie Mae Response

    Sep 17, 2014Company Representative

    Thank you for your feedback. We appreciate you taking the time to review the company. We will share your review with Senior Management.

  6.  

    Highly Political

    • 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 for more than 3 years

    Pros

    good pay, good benefits, somewhat flexible. Helping to bring the economy back on its feet. Verbal recognitions.

    Cons

    inefficiencies and bottlenecks everywhere. No ownership. Everything is directed by FHFA. Lots of changes in the company, not sure if it will be around for long. Highly political environment. No upward mobility. Promotions are not performance based. It's all about playing the game here.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  7.  

    Feeling devalued

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

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

    Pros

    nothing to say about the company

    Cons

    nothing to say about the company.

    Advice to ManagementAdvice

    Listen to your employees. They are vital component of the organization.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    IT Risk Analyst

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

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

    Pros

    Great company benefits such as 3% loan for house down payment, educational benefits up to 10K annually.

    Cons

    Corporate culture is lousy. Has a tendency to put the wrong people in the wrong positions. Chronic cronyism. No relationship between work performed and compensation. Warning, Fannie Mae has a problem of putting people managers over technical teams. I had a Manager who did not understand Information Technology and could not provide technical leadership to her team, but was performing performance evaluations. High Turnover in company. Professionals accustom to working in a high disciplined environment with high caliber professions might be discouraged. Company has a tendency to lay off people before they reach tenure but abrupt restructuring.

    Advice to ManagementAdvice

    My advice is direct more to professional staff. Warning the Managers are not what you expect, if you've worked in a professional environment. There's a lot of paper pushing in this company. Appearance and not quality is the goal

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Good

    Current Employee - Legal  in  Washington, DC
    Current Employee - Legal in Washington, DC

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

    Pros

    Nice people to work with

    Cons

    Can be stagnant at times

    Advice to ManagementAdvice

    Engage the employees more

  10. 1 person found this helpful  

    Excellent place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Asset Manager
    Current Employee - Asset Manager

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

    Pros

    Compensation, benefits, work/life balance, work from home

    Cons

    Management, politics, advancement opportunity, politics

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Experience Reverse Diversity

    • 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 for more than a year

    Pros

    Great pay.
    Can work from home.

    Cons

    This place will be the end of your technical career.
    Company fails miserably on the diversity model. This is a major source of a failure to innovate.
    Company has built lots of silos that make success very difficult.
    Silos are so far behind in technology and refuse to change when suggestions are made outside of them.

    Advice to ManagementAdvice

    Try hiring people from diverse backgrounds. Fannies lack of diversity smells of racism.
    Dump the enterprise shared services group. This is just an obstacle maker. Tasks that take most companies minutes, take weeks here.
    Most people with leadership skills don't move up, but leave.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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