Fannie Mae Reviews

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

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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.  

    Fannie Mae is GREAT!

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

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

    Pros

    Salary, benefits, volunteer hours without vacation, work-life balance, flexibility

    Cons

    Slow to promote, old technologies

    Advice to ManagementAdvice

    Ensure employees feel appreciated and assure them of growth.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Difficult with so many management changes

    • 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 full-time for more than 5 years

    Pros

    Depending on the area you work in it can be a great experience. Good benefits and compensation. People really committed to housing affordability.

    Cons

    Some managers play favorites and don't try to develop others and support them becoming successful. It's either you are part of the favored few or you are on the outside looking in.

    Advice to ManagementAdvice

    Management should hire and train executives who are committed to developing their people. Doesn't mean they shouldn't move out those who can't or don't perform. It just shouldn't always be about the manager's career to the exclusion of the staff's'.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    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
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  5.  

    Wish I never left...

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

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

    Pros

    Excellent 401K and bonus plans, tuition reimbursement, strong organizational focus, fantastic people, and management focuses on developing people from within.

    Cons

    1. As with most large corporations, red-tape can sometimes slow things down.
    2. Constant 'noise' from the idiot senators and such about shutting them down makes for morale issues at times.

    Advice to ManagementAdvice

    A little more transparency into department goals would be good.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    A good company if you know what you're getting into

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Non Technical PM III  in  Herndon, VA
    Current Employee - Non Technical PM III in Herndon, VA

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

    Pros

    Fannie Mae has dug itself out of the hole it found itself in a few years ago. If you go in with your eyes open, it can be a stable environment with good work/life balance. The hours on the non-tech side are not very onerous and depending on your manager, working from home is a distinct possibility. Compensation seems to be above average, though not stellar.

    Cons

    This is not the place for someone looking to move quickly. Both in their day to day work, and their career mobility.

    It is very process heavy, though they're trying to reduce that a bit.

    In the division in which I work, there is not a lot of risk-taking or ownership. Particularly at mid-level mgmt, there seems to be a lot of risk aversion. It's understandable, given the company's history, but it's frustrating.

    I would guess that the federal government is going to milk Fannie and Freddie for all they, and not turn them back to their shareholders any time soon. Which means even more risk-aversion and a government worker attitude.

    Half the people I work with have PMPs. And most of those people are not really project managers.

    Advice to ManagementAdvice

    Try to get out from under the FHFA's thumb. They will always regulate us, but they are (micro-) managing every aspect of the organization.

    Take bold steps, but think on them before acting. More and more re-orgs don't improve morale.

    Recommends
    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.  

    Analyst II

    • 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 8 years

    Pros

    Provides a Good Work Life Balance.

    Cons

    Favoritism, lack of direction, inexperienced management who hide behind not providing answers. Any potential movement is not based on what you know or have accomplished but who you know and if they like you..

    Advice to ManagementAdvice

    Get it grip.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    good 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

    Pros

    nice people.
    focused on what they do.

    Cons

    uncertain future.
    overlapping roles.
    conflicts between departments

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    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

  11.  

    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

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