Fannie Mae Reviews

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

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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.  

    People Manager Technology

    • 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 5 years

    Pros

    Challenges that keep me expanding my knowledge, opportunities for growth and flexible work hours

    Cons

    Old technology, big organization and lack of clear strategic path. No more new development, only enhancement to existing legacy products.

    Advice to ManagementAdvice

    Provide cross functional opportunities to employees - for example business should spend time with technology to learn their perspective. Development should work with Production Support to understand their daily life and vice versa.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Organization did not live up to it's mission.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director  in  Seattle, WA
    Former Employee - Director in Seattle, WA

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

    Pros

    Most of the people that I worked with were great people and truly cared about the mission.

    Cons

    The pressure in the workplace was always very high. The oversight from Home Office was at times unreasonable and did not fit the situation.

    Advice to ManagementAdvice

    Management should hire good people with high integrity and guidelines for meeting the mission and then let staff do their job.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Get ready for a lot of change.....

    • 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

    Help build the next generation of Mortgage Industry infrastructure

    Cons

    Requirements are constantly evolving which makes planning tough.......

    Negative Outlook
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  5.  

    Churning through contractors

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

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

    Pros

    up to a couple of days per week telecommute
    flex schedules
    on site fitness center

    Cons

    Short-term minded, decisions made above immediate supervisor levels.

    Advice to ManagementAdvice

    Value your good, hardworking talented people and stop churning through them. Compensation is adequate, but career development and value of employees is apparently a thing of the past.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Ok workplace, but opportunities are limited.

    • 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

    Decent pay and benefits. Good company to put on your resume and for learning real estate finance.

    Cons

    Very insular and cliquish. You must be connected with the right people to thrive. Technology is pitiful. Little chance of advancement in many departments.

    Advice to ManagementAdvice

    Upper management needs to communicate honestly with employees. Frontline managers are of very uneven quality. Some are excellent and very knowledgable, while others are borderline incompetent yet continue to advance.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7.  

    Politics overshadow decent people

    Former Employee - Finance Associate
    Former Employee - Finance Associate

    I worked at Fannie Mae full-time

    Pros

    Great benefits. Friendly people. Good compensation

    Cons

    Promotion process based on who you know not what you know.

    Advice to ManagementAdvice

    There are some great leaders in the midst at Fannie Mae who are unable to advance due to politics and favoritism. Choose your leadership wisely - not based on what you want to hear. Be brave and listen to the truth.

  8.  

    Very good experience as recent college graduate at Fannie Mae

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations and Technology Associate - NonTech  in  Urbana, MD
    Former Employee - Operations and Technology Associate - NonTech in Urbana, MD

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

    Pros

    • Salary is very good for entry-level position (above market in my opinion)
    • Work/life balance is fantastic
    • Great people to work with and very knowledgeable
    • Great flexible work arrangements
    • Great benefits
    • Company is really interested in making a difference in homeowners' lives

    Cons

    • Not very flexible with making changes to HR policy of having people move out of a position before a year is up. I really left because of this
    • Not really sure if people are super interested in moving you into an area that aligns well with your educational background
    • Overall uncertainty about the company's future

    Advice to ManagementAdvice

    Keep providing more insight into what the future entails for the company and advise HR to be more flexible with letting people move into the right positions sooner.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    NA

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Pros

    Large, Interesting work, Lots of Networking

    Cons

    Bureaucratic, old software, not as much personal growth

  10.  

    Morale & mood for most employees is down

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

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

    Pros

    pay and benefits are higher than most average

    Cons

    Re-organization and layoffs are common so job stability is tenuous. Very hard to get anything done as processes continually change or unknown due to very high turnover rate

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    contractor

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

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

    Pros

    Work-life balance and fun work environment

    Cons

    There is Uncertainty about company future

    Advice to ManagementAdvice

    Treat contractors with little more respect

    Recommends
    Positive Outlook
    Approves of CEO

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