Fannie Mae Reviews

Updated April 22, 2015
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Employee Reviews

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  1. WIsh I never left

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

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

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

    Pros

    Top pay and benefits of industry, work from home opportunity, extra jeans days, good bonus plan

    Cons

    Work/life balance didn't always happen, but pay made up for it. Managers do not really understand what their employees do. They are just hired because of management experience, not position experience.

    Advice to Management

    Learn more about what your employees do on a day to day basis.

  2. Helpful (6)

    I find it Bizarre that all the top reviews or most relevant reviews of Fannie Mae are from Current Employees in DC or VA

    • 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 full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Salary was decent for a 37.5 work week, but mind you, You had to work over 50 hours to get your production numbers or you could be Gone

    Cons

    Upper Management, Management in Dallas was all hired based on friendship of NUC department Director. Getting ahead? No nothing there, you had to brown nose your way in to get a team lead position in NUC credit- appraisal department. Technology is so bad, you would have to call the sevens-support at least twice a week. Computers were old and running windows XP.

    Advice to Management

    Its Ironic that all the newest reviews are from DC that are supportive of YOU. Quit posting reviews from DC and from top Brass!. If your going to let people go, You better get your act together, like when escorting people out of the building, you better make sure that their former cubes are secured or locked, not left open to the devouring saved employees! who stole all my personal items! You talked about Diversity! Who cares! You were so worried about NPI, well all my stuff at home, went in the garage! I don't have secured garbage! DC management won't ever wake up, all they want to do is line their pockets with the green stuff, because you sure said NO Merit raises, after taking away our bonuses - VCP . Most valued housing partner? and you are moving to AVMS, WOW! That's so Ludacris, your minions in DC that came up with CU, only use adjustments that they believe are correct, it never mattered what we wrote in the comment areas in the review tool Ever look at the adjustment tab? OMG, that was a total joke. HR was never there for you, Princeton HR person, you would just run to Andy, when that was part of the problem and nothing ever got resolved. Fannie Mae ethics hotline? well that's a joke as well. and in the end you asked me if the person should be let go, hmmm you asked me this question in front of the other person, Now is that ethical or even fair to me? Fannie Mae or what ever you will be called when all the good people are let go, and you put your confidence in Adams AVM CU product, will just be a big bank with NO ETHICS.

  3. Helpful (3)

    This is not your uncle's Fannie Mae...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Anonymous Contractor in Herndon, VA
    Current Contractor - Anonymous Contractor in Herndon, VA

    I have been working at Fannie Mae as a contractor (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    The close commute to and from home. Convenient, free garage parking. Proximity to restaurants for lunch, gym, retail and banking.

    Cons

    Too many unqualified "technical" H1-B visa holders have overrun the company. Frankly, most are not out of the box thinkers. Too much group think and collaboration to come up with an answers to simple queries. Rote environment and procedures. It felt like working at a factory.

    Advice to Management

    Putting five or more unskilled, lower waged individuals together does not equal one competent technical professional. Management exploits foreign labor pool and as a result has damaged daily operations and morale.

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  5. Helpful (6)

    Do Not Work In the Information Security Organization At Fannie Mae

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

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Diverse environment
    Above average pay
    Opportunities for training

    Cons

    An unexperienced 33 year old CISO who fired all the best talent, plays favorites, and continually says one thing and does another. He first action as CISO was to fire 20% of the staff and then remove flexible work schedules. Right after the firing he bragged about how he was bringing in a cohort of individuals who were trained for 12 weeks by a staffing firm. He ended up firing several talented people because they came in after 9:30 even though they worked late. In one case he made one very respected employee fill a higher position with more work and the same pay for about a year only to give the position to someone else. It was chaotic and unpredictable with the CISO in charge. He is building a work environment where the entire security organization will be in a large open area which will be difficult for all the people that need to concentrate. It isn't a Wall Street brokerage after all. He also has talked about a shark tank for employees, where you have to pitch ideas to management, who will proceed to rip you apart. What kind of message does that send to employees when they are the prey and management are the sharks?

    Advice to Management

    A CISO who constantly talks in simple analogies about security may impress executive management, but it shows a lack of depth and understanding of how to build and manage the security organization that needs to protect a large part of America's housing industry. Executive management needs to wake up and smell the coffee. Potential hires, please stay away.

  6. 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.

  7. Helpful (1)

    Still a Great Company

    • 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 (More than 10 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Mission
    Under great deal of transformation - so great opportunities
    Good pay and benefits

    Cons

    Under a great deal of transformation so potential to be caught in a rip tide
    Lack of stability
    Performance management system that is of the GE philosophy - it's all about competition when they should be stressing collaboration and relationship building

    Advice to Management

    Look to yourself first for failings, not employee base

  8. Helpful (1)

    It's A Job

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

    I have been working at Fannie Mae

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

    Pros

    The company cares about the work/life ratio. Good benefits overall. No one breaths down your neck as long as you meet your metrics.

    Cons

    Poor lower level management - most are not good people managers

    Advice to Management

    Promotion should be based on merit not favoritism

  9. Helpful (1)

    Worst boss I ever had.

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

    I worked at Fannie Mae

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    health care coverage is wonderful

    Cons

    Truly crazy people are allowed to be in managerial roles.

  10. 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

  11. Fun friendly environment with good work life balance

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Plenty of interesting and intellectually stimulating challenges, especially in the finance and accounting areas. Learn a lot of details about the mortgage industry from subject matter experts.

    Cons

    Very busy sometimes. Occasionally a big project gets kicked into overdrive and it's all hands on deck. Lots of systems using ancient technology, light years behind the current state of the art.

    Advice to Management

    none

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