Fannie Mae

  www.fanniemae.com
Work in HR? Unlock Free Profile

Fannie Mae Reviews

Updated August 19, 2014
Updated August 19, 2014
450 Reviews

3.3
450 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
104 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.  

    Avoid if you like change - used to be a great place to work

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

    Pros

    Fantastic employees who are willing to make incredible sacrifices for the company, hours, weekend, work-lie balance. They are a "do what it take" group.

    Cons

    Technology organization has lost its way. Outsourcing important work to vendors with very junior resources. Change is bad to senior management - technology used to be empowered to provide value to the business. Senior management has erected so many barriers to deployments that it makes months to deploy simple changes to the production environment.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    No room for growth, favoritism culture dominates

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

    Pros

    Competitive salary, training, good benefits

    Cons

    Favoritism culture by upper management in promotions is wide spread; people with least experience are selected for managing other people. Annual assessments are performed confidential; management does not tell you the reason behind their performance assessment due to a confidentiality clause to protect managers; this leaves the door open for retaliation and unfair reviews by managers.
    Employee wellness has little weight for managers; I was told by a manager that a manager should just support his supers and not to worry about his employees because either employees are good and know how to do their jobs and if they are not, then...
    Employee retention is not a concern for the company; they are pushing experienced employees out the door and are replacing them with inexperienced ones with lower pay. Recruitment is done by people who are not expert in the field for specific position

    Advice to ManagementAdvice

    Care about employees first and then your superiors, be fair and do not promote culture of favoritism.
    Share the wealth; company generated 84B last year and employees received a cup cake as token of appreciation.
    Executives; ask employees to perform anonymous survey on their managers and directors twice the year to ensure employees are heard too.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    A company going through turmoil

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

    Pros

    Interesting work and great benefits. Good opportunities to develop skills and get training,

    Cons

    Senior management does not make tough decisions and instead puts off making difficult decisions out of fear of making mistakes, which effectively paralyzes the company from making important changes. Not a lot of rhyme or reason for why some folks get promoted versus others who do not (to get promoted more important who you know and who can elevate you, rather than the caliber of your work).

    Advice to ManagementAdvice

    Fewer layoffs and re-train existing personnel rather than keep bringing in new staff. Make the bold decisions to transform the company and worry less about protecting fiefdoms.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Good

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

    Pros

    Good as you get along

    Cons

    no need to be conservative

    Advice to ManagementAdvice

    Needs to be more responsive

  6.  

    Just Ok

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Salary is good. Work life balance is good.

    Cons

    Company culture is so stiff. Long time before promotion. Politics.

    Advice to ManagementAdvice

    We should work from home more.

  7.  

    Great Salary and Benefits

    • 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

    Pros

    Fannie Mae provides an excellent salary and benefits package. Flexible schedules, and liberal telecommuting options. Generous home purchase, and education assistance package.

    Cons

    Opportunities for advancement are largely related to the team that you are on, and who you know. Frequent layoffs have adversely affected morale.

    Advice to ManagementAdvice

    Get back in touch with the organization's mission statement. Remind staff to focus on how their job duties contribute to the overall success of the company..

    Recommends
    Negative Outlook
    Approves of CEO
  8.  

    Its either really good or really bad.

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

    Pros

    There is a lot going on and if you are there to grind and get work done you will be rewarded accordingly. If you are on the business side of Fannie Mae you are going to go far in your career even after Fannie Mae ceases to exist. You will get first hand experience and insider knowledge of how the future of the mortgage industry will be structured and function.

    Cons

    All the good things depend on what group you are under and what manager you have. If you are on the IT side of Fannie Mae you are one day not going to have the job you have now. IT is completely being outsourced to companies like IBM and other entities.

    There are some hard to deal with management there that will not change their ways and they will get rid of you if you get on their bad side. A lot of corporate politics. Its all about whose good side you are on and if your are marketing your self well within the company. You cant just do good work and think everyone will notice.

    Advice to ManagementAdvice

    Do not force people to do jobs or stay in positions they are obviously not happy doing. More flexibility to move around within.

    Recommends
    Negative Outlook
    No opinion of CEO
  9.  

    Uncertain future

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

    Pros

    Competitive compensation in the DC Metro area

    Cons

    Wall Street management culture misfit, uncertain future, outsourcing en masse. Current mission statement resembles a suicide note.

    Advice to ManagementAdvice

    Focus on team building, people and a worthwhile sincere mission statement that builds on creation versus dismantling

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    management is does not care about employees only numbers and not making them look bad

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

    Pros

    great benefits and flex hours; great for learning all aspects of housing market

    Cons

    revolving door for employees; sweat shop and corporate bullies. Will not promote qualified employees only friends. Low moral

    Advice to ManagementAdvice

    management makes unrealistic demands on employees; management needs to be educated in time management. They do not know how long it takes to complete a task therefore, make unreasonable quotas.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Changing company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Non-Technical Project Manager III  in  Dallas, TX
    Current Employee - Non-Technical Project Manager III in Dallas, TX

    Pros

    Good established company with good benefit structure

    Cons

    They are going through a complete change.

    Recommends
    Negative Outlook
    Disapproves of CEO

Worked for Fannie Mae? Contribute to the Community!

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