Fannie Mae Reviews

Updated August 27, 2015
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570 Employee Reviews

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  1. Helpful (1)

    A great company to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Fannie Mae full-time

    Pros

    Opportunities to learn and grow

    Cons

    No matter how good you are at what you do, if you do not network or brand yourself it will be hard to move up and around the company.


  2. Helpful (1)

    Fannie Mae Review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Education Specialist in Dallas, TX
    Former Employee - Customer Education Specialist in Dallas, TX
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Fannie Mae (More than a year)

    Pros

    Big company …. lots of easy rules to follow to play the game and advance your career.

    Cons

    Very clique-y management as well as a mix of micro-managing in some areas and too little in others.

    Advice to Management

    Listen to your staff and try to value them, their input, their individual personalities, and their effort.


  3. Helpful (1)

    Working at Fannie Mae

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    FNMA has great benefits, the company is dedicated to providing opportunities for growth through free online resources and tuition reimbursement.

    Cons

    The culture, which is created and directed by management, is very liberal. There is a very evident bias toward certain people.

    Advice to Management

    Management is responsible for steering the ship. It seems and though team leads and lower level management could not be disseminated for the people they managed other than by the office door they close. In order to lead, one must create separation, thereby having the ability to enforce discipline or acknowledge accomplishment, when needed. My experience at Fannie Mae showed me that that culture prevented ineffective employees from being handled correctly. This should be changed.


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  5. Helpful (6)

    A few bright spots among a sea of ineptitude

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Fannie Mae full-time

    Pros

    Fannie Mae in general has somewhat competitive compensation and benefits packages. There are some departments that seem to function normally, but it is the exception rather than the rule. If you find a bright leader to work under, stick with them, because there aren't many to be found. Support for volunteer activities was a plus.

    Cons

    Fannie Mae is a company floundering in an overall lack of direction and an unusually high level of ineptitude in most levels of management. There were certainly some smart managers and employees, but too many were not. While many of the problems at Fannie are self-made, some are due to not being able to do much of anything without the guidance and approval of an extremely slow to react regulator, which is a political beast in itself. So in the end you have ineffective management trying to implement the direction from a regulator that can't decide what it wants to do. What you have left is a bunch of managers fighting for some kind of relevancy and trying to survive at the expense of others in the company.

    Advice to Management

    When employee surveys indicate an issue, don't look at your direct reports for the problem, look in the mirror.


  6. Helpful (1)

    Good place overall

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook

    I have been working at Fannie Mae full-time

    Pros

    Stimulating work atmosphere because there are very qualified people, Exposure to different areas.

    Cons

    Slow pace of work, slow growth prospects because of low turnover

    Advice to Management

    Management is doing a good job


  7. Loan Officer

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Worked in a cradle to grave shop. Great to have processors and underwriters nearby.

    Cons

    Low pay and limited product offerings

    Advice to Management

    Bring back the cradle to grave model.


  8. Helpful (1)

    great place to work

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

    Pros

    It is great to work with really smart people. There is so much you can learn from your peers. Good benefit, flexible schedule.

    Cons

    a somewhat geeky environment may not be ideal for some people.


  9. Competitive Comp/Poor work life balance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Fannie Mae (More than 5 years)

    Pros

    Competitive compensation. Strong commitment to execution.

    Cons

    Poor work life balance. Frequent shift of priorities. Conservator frequently shifts priorities.


  10. Helpful (9)

    The Worst Tech Company Ever

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Free coffee and Hot chocolate. It's very hard to find much positive. The pay is average, but dependent on things not related to your job position.

    Cons

    They follow the philosophy that lots of management makes a better product. People who have run operations organizations typically run the development organizations. These people are very short sighted and lack the experience to run a truly world class development organization. Software Development here is more akin to a third world sweet shop. Too much process and procedure to get much done in an efficient manner. Cronyism is run rampant. Vendors are push down to development teams through the vast number of VPs in the organization. Vendors tend to have high rates and no skills. Literally most kids out of college with good leaders can do much better, faster and for less cost. Simple projects in other companies that take 4 our 5 people to do in 6 months, take a team of 40 to do in a year. Poor quality code and workmanship is everywhere.

    Advice to Management

    Government couldn't do a worse job than you are doing. Flatten the organization. It is over bloated with self interested VPs and Directors who only push their ideas and don't look to organization success. These VPs and Directors will be the downfall of the organization if you ever have to compete in the commercial world.


  11. Helpful (6)

    Bad Management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Ann Arbor, MI
    Former Employee - Anonymous Employee in Ann Arbor, MI
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Fannie Mae (More than a year)

    Pros

    Pays well, smart people for the most part

    Cons

    Because of layoffs / turnover, unqualified people in management positions. Also, everyone seemed to be looking out for themselves.



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