Fannie Mae

  www.fanniemae.com
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Fannie Mae Reviews in Washington, DC

Updated August 19, 2014
Updated August 19, 2014
449 Reviews

3.3
449 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
103 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

253 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Fantastic place to be!

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

    Pros

    Great compensation and benefits, interesting work, great coworkers and managers, and phenomenal opportunity to grow if you seek it. Large company with a lot of opportunity to explore interests and get involved in cross-team projects.

    Cons

    Technology is a little outdated, and HR is slightly disorganized, but changes are coming that should mitigate these factors. Other than that, it really is a phenomenal place to work!

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good

    Current Employee - Legal  in  Washington, DC
    Current Employee - Legal in Washington, DC

    Pros

    Nice people to work with

    Cons

    Can be stagnant at times

    Advice to ManagementAdvice

    Engage the employees more

  3.  

    Great place to work

    Former Employee - Systems Administrator III  in  Reston, VA
    Former Employee - Systems Administrator III in Reston, VA

    Pros

    State of the art technology
    Smartest minds, Great engineering Team
    Great benefits
    Training oppurtunities

    Cons

    have not seen or observed any...................................................................

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Get ready for a bumpy ride....

    • 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

    Pros

    Compensation and benefits package is very competitive especially 401K employer contributions. Good place for recent college grads and young professionals

    Cons

    Mixed messages from senior-level leadership; Management is not transparent; If you're not part of the "in" crowd, it's difficult to navigate the environment; diversity of thought is not encouraged

    Advice to ManagementAdvice

    Be upfront with employees; Look out for the employees and not just yourselves

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

    It was a good experience

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

    Pros

    Got to learn a lot

    Cons

    Had a bit of free time

    Advice to ManagementAdvice

    Work life balance is good

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Feeling devalued

    • 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

    Pros

    nothing to say about the company

    Cons

    nothing to say about the company.

    Advice to ManagementAdvice

    Listen to your employees. They are vital component of the organization.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Great people, bad management.

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

    Pros

    Very laid back work and lots of down time. They purposely over hire to keep the workload down. The positive of this is you have a lot of free time. The down side is you become just a number.

    Cons

    Consulting/contracting is pointless here. Keep your resume out there if you are one with this group. They have an extremely high turn-around and will replace you with a completely ignorant/new consultant/contractor when your contract expires.

    Advice to ManagementAdvice

    As a team member, I led a department with productively efficient results. Management kept claiming we needed more and more staff. The problem I had was that only two of the consultants hired after me were actually qualified for a tech position. This is only 2 out of 12 hires. Then at the whim of my department's supervisor I showed why we didn't require so many additional employees (he asked for proof). So a few days later, after I caught up on my current project, I decided to enter the main queue. We had 5 queues to take from, and we had 14 people hired to all worked out of just one of these 5. I went in and cleared out 95% of this queue within 2-3 hours (this equates to 3-4 days worth of work). Talk about inefficiency. The only thing I'm slightly bitter about was about 9 months later I was supposed to be hired into this department as a full-time employee but because of management changes including 3 different director changes I was let go and replaced by another 4 new hires and the area I specialized in was dropped due to it being too confusing for the rest of the team members to manage (Unix systems through PuTTY).

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    IT Risk Analyst

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

    Pros

    Great company benefits such as 3% loan for house down payment, educational benefits up to 10K annually.

    Cons

    Corporate culture is lousy. Has a tendency to put the wrong people in the wrong positions. Chronic cronyism. No relationship between work performed and compensation. Warning, Fannie Mae has a problem of putting people managers over technical teams. I had a Manager who did not understand Information Technology and could not provide technical leadership to her team, but was performing performance evaluations. High Turnover in company. Professionals accustom to working in a high disciplined environment with high caliber professions might be discouraged. Company has a tendency to lay off people before they reach tenure but abrupt restructuring.

    Advice to ManagementAdvice

    My advice is direct more to professional staff. Warning the Managers are not what you expect, if you've worked in a professional environment. There's a lot of paper pushing in this company. Appearance and not quality is the goal

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    First real job out of college, only accepted to pay off student loans; wasn't in my long-term plans.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Operation Specialist I  in  Herndon, VA
    Current Employee - Loan Operation Specialist I in Herndon, VA

    Pros

    Training opportunities, workplace environment, benefits

    Cons

    Senior management doesn't approve new hires quick enough in production environments

    Recommends
    Negative Outlook
    No opinion of CEO
  11.  

    A good place to work

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

    Pros

    I worked in Fannie mae Capital Market Business to Technology Division as a consultant almost an year till april of 2013. work was busy but was not overwhelming and was reasonably assigned. Nice and relaxed environment with support from manager. I think fannie mae still offers one of the best benefit packages in the market. I would certainly recommend this company to a friend.

    Cons

    Cannot think of anything at the moment.

    Recommends
    Positive Outlook
    No opinion of CEO

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