Fannie Mae Reviews

Updated March 16, 2015
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3.2
195 Reviews
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
144 Ratings

195 Employee Reviews

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  1. Company in transition

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

    I have been working at Fannie Mae full-time (more than 10 years)

    Pros

    Considerable change underway to best position for future success. Strong focus on building new infrastructure and customer centricity. Incredibly smart and qualified employees. Company has a strong strategic focus and is exceptional during times of crisis.

    Cons

    Inconsistency in management, especially at the low-officer level. Apparent focus on external hiring, but often individuals with mixed managerial expertise affecting moral of existing staff. Inconsistency between business units, especially relative to expectations of staff and management.

    Advice to ManagementAdvice

    Focus on employee development and growth. Tomorrows leaders are currently on staff - identify and develop them. Improve career growth opportunities for all qualified employees. Shed unnecessary or non-performing staff regardless.

    Recommends
    Positive Outlook
    Approves of CEO
  2. Positive experience working as a Project Manager I on a large scale strategic initiative for Fannie Mae.

    • 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

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

    Pros

    Competitive Salary
    Smart people
    Opportunity to move to other areas

    Cons

    Complex culture
    Lack of networking and training opportunities

    Advice to ManagementAdvice

    Promote better integration between departments.

    Recommends
    Neutral Outlook
  3. 1 person found this helpful

    Director

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

    I have been working at Fannie Mae full-time (more than 8 years)

    Pros

    Good work life balance
    Smart employees

    Cons

    Uncertainty about the future
    Promotions based on who not what yo know

    Advice to ManagementAdvice

    Be more transparent.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful

    Fannie Mae is a great company to work for. It offers many opportunities to grow and has some of the great benefits.

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

    I worked at Fannie Mae

    Pros

    Fannie Mae uses best technology products for its business and has many best technology professionals.
    Fannie Mae offers great benefits for its employees, 401k,health insurance, sick leave, short term and long term benefits, Tuition reimbursement, paid vacation.

    Cons

    I do see some times leaders who are not competent enough filling the positions due to their seniority dragging the company down.

    Advice to ManagementAdvice

    Management should put in systems to recognize the best performers and reward them appropriately. Performance should be the criteria in considering promotions rather than seniority. Management should listen to the employees frequently via surveys implement the changes that it finds reasonable.

    Recommends
    Positive Outlook
    No opinion of CEO
  6. Fast paced Capital Markets

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

    I worked at Fannie Mae

    Pros

    The environment is condusive to learning the financial industry.

    Cons

    Not enough work life balance.

    Advice to ManagementAdvice

    Schedule more one on one time with your employees

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful

    Great company to work for!

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

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

    Pros

    Very intelligent people, interesting work, opportunities to strategize and have a meaningful impact, good pay and benefits, exciting time of change. Generous vacation and retirement plans.

    Cons

    Heavily regulated and slow to change. Not able to be very innovative.

    Advice to ManagementAdvice

    Prepare to compete in the future with new technology and products.

    Recommends
    Neutral Outlook
    Approves of CEO
  8. Fun friendly environment with good work life balance

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

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

    Pros

    Plenty of interesting and intellectually stimulating challenges, especially in the finance and accounting areas. Learn a lot of details about the mortgage industry from subject matter experts.

    Cons

    Very busy sometimes. Occasionally a big project gets kicked into overdrive and it's all hands on deck. Lots of systems using ancient technology, light years behind the current state of the art.

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
  9. Great company to work for as a stepping stone in your career

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

    I have been working at Fannie Mae

    Pros

    Salary and benefits are very competitive
    Challenging and complex work
    Opportunity to work with very talented individuals
    Work-life balance can be okay depending on which group you are in

    Cons

    Extremely political environment
    Difficult to advance in the organization
    Culture is very passive/aggressive
    Decent training is provided for upper management only

    Advice to ManagementAdvice

    Unless you make changes so people can move up within the organization, you will continuously have entire groups with mostly new employees trying to learn this very complex business.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 3 people found this helpful

    Company for third world immigrants

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

    I have been working at Fannie Mae full-time (more than 8 years)

    Pros

    Depending on the team, Fannie jobs are typically 9-5. The work isn't very difficult and there are very few people from first tier universities, so it's not hard to compete on an intellectual level. Plus, people are constantly switching jobs so if you dislike your team, you can easily switch. There are no real jobs at Fannie, just fake titles and endless shifting of employees to various positions to work on projects without clear deadlines so if you want an environment where you can do very little and keep a job, Fannie is the place to be.

    Cons

    Fannie is owned by the tax-payer but inappropriately hires a lot of foreign workers, particularly Asians. They do not assimilate, do not speak English at above a fourth grade level and are very adversarial. There is no real mortgage market in China. The government owns all land and property so it is ironic we hire them here. Most of the work at Fannie is data crunching, but there is no reason an Indian or Chinese over an American should be performing this role. But veryone has to be politically correct at Fannie so there is little resistance to their abuse of foreign worker hiring. I believe the ratio of citizens to non-citizens at Fannie is 50-50. Fannie also has very outdated technology infrastructure.

    Advice to ManagementAdvice

    Start hiring Americans.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  11. 1 person found this helpful

    Fannie Mae - great environment and skilled people

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

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

    Pros

    Competitive base salaries for the DC area
    Lots of change in the mortgage banking industry makes it unique place to work
    You get to work with lots of experienced people, and the best mortgage/MBS traders in the world

    Cons

    Constrained by regulators and obligation to treasury. Because of this certain benefits, perks, and compensation is lacking. It can be a struggle to get sign off on anything that costs money.

    Recommends
    Positive Outlook

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