Freddie Mac

  www.freddiemac.com
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Freddie Mac Reviews

Updated Jul 22, 2014
All Employees Current Employees Only

3.1 337 reviews

77% Approve of the CEO

Freddie Mac CEO Donald H. Layton

Donald H. Layton

(83 ratings)

52% of employees recommend this company to a friend

Review Highlights

Pros
  • Freddie continues to offer a favorable work/life balance environment(in 55 reviews)

  • Great benefits but work-life balance depends on the area you work in(in 30 reviews)


Cons
  • Company is currently under conservatorship and company future is uncertain(in 12 reviews)

  • Senior management is always changing and the room for growth seems to be diminishing(in 22 reviews)

337 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    I have a very successful and rewarding career.

    Risk and Controls Director (Former Employee) McLean, VA

    ProsThe company offers good pay, benefits, and opportunities for advancement. Work life balance is usually okay. Generally, the people and staff are good to work with.

    ConsCompany is always changing leadership and direction. You can expect to see multiple reorganizations in short periods of time, not always having the ability to select the boss of choice.

    Advice to Senior ManagementUnderstand the quality of (or lack there of) the employees.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Diverse Work Enviornment

    Audit Staff (Current Employee) McLean, VA

    ProsDiversity, flexibility of work environment with a more relaxed culture. Flex time is available and often used by most of the company divisions.

    ConsUncertainty due to the shift of culture from a GSE. Tends to move a bit slower, its a huge company with a lot of moving parts.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Dynamic

    Operational Risk Senior (Former Employee) McLean, VA

    Pros-Great facilities
    -Great training
    -Good pay
    -Flexible schedule
    -Great resume builder
    -Interesting industry

    Cons-Lack of standardardized internal control policies/practices
    -Although many good people are hired; quite a few people are hired without college degrees or credentials
    -Disconnect betwee HR needs and actual roles filled
    -Too many out of town contractors hired
    -Some of the compute software/technology is out of date

    Advice to Senior ManagementProvide more direct link between HR and hiring into positions to ensure minimal education/credentials are met

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Worked there for 15 years

    Analyst (Former Employee) McLean, VA

    ProsGood place to work despite mtg market collapse.

    ConsToo much government oversight but brought upon by themselves.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Process heavy, old school, beaurocratic

    Development, Senior (Current Employee) Tysons Corner, VA

    ProsDecent pay, training oppurtunities available, nice location, large corporation with exposure to financial world

    Consoffice culture, people not very helpful, manager is in driver's seat for your development, too many processes with no help as training in processes doesn't always deliver practical solutions

    Advice to Senior ManagementChange onboarding - make arrangement for direct manager to be accountable for onboarding so employee and manager can build a rapport from the get go and expectations clearer

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    It's just ok

    Manager (Current Employee) McLean, VA

    ProsLots of people leaving, so lots of room to move up. (depending on where you work)

    ConsLots of people leaving. So hard to get a consistent message about the direction of the company. OK work-life balance depending on your department. Some people put in a lot of hours. Many people fighting for a pretty small compensation pie. Lots of rule bending and breaking for squeaky wheels (who are key personnel).

    Advice to Senior ManagementPay people better, and you'll get better people.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Disappointing

    Manager (Current Employee) McLean, VA

    ProsGood benefits and important mission.

    ConsNo IT strategy in place

    Advice to Senior ManagementAll decisions made by cliques and the buddy system.

    No, I would not recommend this company to a friend

     

    Overall good company to work for, but too much change at this time.

    Anonymous Employee (Current Employee)

    ProsTeleworking benefits.
    Good vacation benefits.
    Growth opportunities
    Wellness center and Gym

    ConsPay hikes are minimal.
    No pension
    Long hours depenencing on what group you work in

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Its OK

    Anonymous Employee (Current Employee)

    ProsFlex Hours, gym, cafeteria, diversity, and decent people.

    ConsSalary is very flat and does not keep up with market place.
    If you are looking to expand IT skills as a new hire don't start here.
    Project Management tools are lacking.
    The company is in flux in terms of direction, LOTS of new hires leave after two years and many of those close to retirement are leaving. Middle career (5-10yrs) are faced with doing more with less.

    Advice to Senior ManagementWhatever your future vision is, just get it over with and either hire more people or cut the BS out of the "to do's" that mattered to only the old guard and management. Its still a great place to work, but you're next hurdle is convincing middle career folks to not start exiting at the rates new hires and retires do currently.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Loss Mitigation- Servicing Operations

    Team Lead (Current Employee) McLean, VA

    ProsGood benefits 40k health and dental, great people.

    ConsManagement is is misguided and leading the company down the wrong path.

    Advice to Senior ManagementWake up and make some decisions. The future of the company when it goes Private depends on it.

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