Fannie Mae

www.fanniemae.com
Employer Engaged

Employee Reviews

Sort: Popular Rating Date
  1. 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
  2.  

    Overalll i had positive experience

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

    I worked at Fannie Mae

    Pros

    Work life balance is positive, work pressure is well balanced

    Cons

    Too much re organization witih firm is going on

  3. 1 person found this helpful  

    Solid company and benefits, but future uncertain while under conservatorship

    • 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

    Solid company experience overall, having started as a consultant during restatement and then converted to employee. Benefits are for the most part quite good though a few things need improvement. Work/life balance is good, depending on organization, direct management, and company situation at the time.

    Cons

    Not a lot of opportunity for growth internally, and company is drowning in politics

    Advice to ManagementAdvice

    Provide more growth opportunities for your hard working employees. Minimize the internal politics and just get things done. One of these days the conservatorship blanket will be lifted, and the company can soar with a sound future mission (assuming US politics don't hamper this) if the company would do a better job of retaining top talent and promoting from within, and cuts through internal politics. Would also recommend increasing bonus structure as they are currently well below banks...while they may never get to the bank levels (and arguably shouldn't) they should be closer than they are. Also recommend doing away with the 1/3 bonus deferral until the next year. Pay for the hard work now.

    Recommends
    Neutral Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful  

    Good work/life balance

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

    I worked at Fannie Mae full-time (more than 8 years)

    Pros

    Fannie Mae manages to hire smart people and keep them around. I felt it was a great work environment and management respected my free time. When I left work, I was gone. I wasn't expected to log in at night or work ungodly hours. I worked hard while at work, but was able to let it go after I walked out the door.

    Cons

    Almost impossible to get rid of people who aren't pulling their weight or causing problems.

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    My thoughts about the company

    • 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

    Have various of financial products in company's portfolio that you can learn a lot. Salary and benefits are satisfied.

    Cons

    Somehow bureaucracy. Have to sacrifice efficiency or profitability to meeting surveillance requirements. There is no clear career path in terms of getting promotion.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Dark, Dismal and Dysfunctional Place to Work

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

    I worked at Fannie Mae

    Pros

    Free coffee, free snacks, free parking

    Cons

    Miserable, repressive, autocratic work environment. Typical government GSE ineptitude at its finest.

    Advice to ManagementAdvice

    Culture sucks the life out of everyone. No point in making recommendations because it is a government entity and is daily choking the joy out of employees with bureaucracy.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  8.  

    FC Specialist

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

    I have been working at Fannie Mae full-time (more than 3 years)

    Pros

    Excellent benefits, professional company, lots of training.

    Cons

    Very stressful at times, Sometimes overlooked because of management favoritism.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    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
  10. 1 person found this helpful  

    Nice Benefits and Mission. Conservatorship is growing long in the tooth resulting in uncertainty around future.

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

    I have been working at Fannie Mae full-time (more than 3 years)

    Pros

    Great benefits and compensation. Work life balance is great. People are very smart.

    Cons

    Never a way to have a great company year under the shroud of conservatorship. Everything requires many kingdoms to cooperate and politics rule. The story about the work and what it means to your bosses promotion is more important than the work itself. There is a cultural war between people doing the work and people getting the praise for being in the meeting presenting it to management.

    Advice to ManagementAdvice

    Weed out the career bosses who believe that their staff exists solely to get them promoted.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Fannie Mae can be a good place to work, but it depends on which department you work in.

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

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

    Pros

    Interesting work and exposure to significant changes going on within the housing industry. Company offers good salary and benefits, interesting work, and some great people to work with.

    Cons

    In recent years, it has been subject to constant change and there's been a revolving door at all levels. Work-life balance has become untenable. Workload is such that there is no way to be able to do a quality job, and staff is then blamed for the result. Many people managers have little in the way of management skill. Careers and promotions are based on office politics rather than skill and competence.

    Advice to ManagementAdvice

    Provide support to your workforce and actually HELP them accomplish objectives. Just placing blame, and letting criticism roll downhill helps no one.

    Recommends
    Neutral Outlook
    Approves of CEO

Work at Fannie Mae? Share Your Experiences

Fannie Mae

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.