Freddie Mac

  www.freddiemac.com
  www.freddiemac.com

Freddie Mac Reviews

Updated November 18, 2014
Updated November 18, 2014
364 Reviews
3.2
364 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Freddie Mac CEO Donald H. Layton
Donald H. Layton
101 Ratings

Review Highlights

Pros
  • Freddie continues to offer a favorable work/life balance environment (in 61 reviews)

  • Great benefits but work-life balance depends on the area you work in (in 31 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 23 reviews)

More Highlights

Employee Reviews

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  1.  

    Great Company

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Freddie Mac full-time (more than 10 years)

    Pros

    Great people to work with

    Cons

    Unknown company future due to political situation

  2.  

    Great management over site and ability to cross train between departments

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

    I worked at Freddie Mac full-time (more than 3 years)

    Pros

    A ton of opportunity to get experience where you want. Flexible work days, lots or training resources.

    Cons

    Attitude that company will not be around long despite the import role it plays in the mortgage market across all spectrums.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Great Learning Environment!

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

    I worked at Freddie Mac full-time (more than an year)

    Pros

    Decent benefits, flexible work schedules and awesome tuition reimbursement for graduate school.

    Cons

    Poor public perception and Congress' indecisiveness on what happens to Fannie/Freddie, tends to demoralize some employees.

    Recommends
    Negative Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Excellent place to work

    Former Employee - Anonymous
    Former Employee - Anonymous

    I worked at Freddie Mac

    Pros

    Friendly atmosphere that offers competitive pay

    Cons

    Future is unknown and employment opportunities are few

  6.  

    Excellent Benefits, Terrible Compensation...

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

    I worked at Freddie Mac full-time (more than 3 years)

    Pros

    1) Work / Life Balance - Flex Hours & Telecommuting
    2) Healthcare benefits are great for families
    3) Friendly Co-workers
    4) Cafe food is really good

    Cons

    Compensation -- Middle management on up needs to learn to promote from within. Pay people according to their skill level (regardless of their tenure on a particular team)...this will drive down employee turnover. So many talented people have left purely for this reason.

    Advice to ManagementAdvice

    Keep up the good work on updating outdated IT infrastructure and moving the company into a competitive marketplace, but dont forget to adequately compensate the folks who are working so hard on building the future of the housing market.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Excellent Company for Indians in America

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Software Engineer in McLean, VA
    Current Employee - Senior Software Engineer in McLean, VA

    I have been working at Freddie Mac full-time (more than an year)

    Pros

    Excellent company to sponsor H1B in America. Seems like everyone else in IT is from India. Excellent opportunity. Tuition reimbursement, Free Gym, Covered Parking. Business area support us. They even have a course to help with your english.

    Cons

    Not much pay. Little challenge. Have to sit in a conference room.

    Advice to ManagementAdvice

    Invest in your workers who support you.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Freddie Mac

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Tysons Corner, VA
    Current Employee - Anonymous Employee in Tysons Corner, VA

    I have been working at Freddie Mac full-time (more than an year)

    Pros

    Flexible work arrangements
    Low work loads for those who are looking to cruise

    Cons

    Management is very weak at the director level
    Top heavy
    Politically driven opportunities rather than performance based
    Lack of talent and recognition of it when it is there

    Advice to ManagementAdvice

    Salary raises should be based on performance, not the fact that you are hired from the outside vs promoted from the inside.
    Employees at the director level and above should be accountable for their performance. Currently does not happen, there are countless talentless directors who work when it's convenient.
    Reward people that present and drive other to new solutions, not just people how follow ideas that come the top down. Reward entrepreneurialism.
    Promote based on performance and skills, not on ability to scheme and navigate a political structure.

    Neutral Outlook
    Approves of CEO
  9.  

    Inconsistent Management practices

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - QC Underwriter in McLean, VA
    Former Employee - QC Underwriter in McLean, VA

    I worked at Freddie Mac full-time (more than 3 years)

    Pros

    Good benefits, work life balance mentality and schedule flexibility

    Cons

    Management does not follow company standards, not every department has room for growth, managers who hold all wealth of knowledge and refuse to educate their employes, lack of training and not enough transparency

    Advice to ManagementAdvice

    Train people appropriately and allow then time to reach the departments expectations, share you wealth of knowledge, and help your employes advance in their career instead of persuading them to stay in the same position for years on end without career advancement in site

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    One big clique!

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

    I worked at Freddie Mac full-time (more than 5 years)

    Pros

    Benefits used to be phenomenal...

    Cons

    Too many cliques, not enough leaders

    Advice to ManagementAdvice

    Practice what you preach to your subordinates!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Great place to have hands on experience with technology tools/applications

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Information Security Associate in McLean, VA
    Former Employee - Information Security Associate in McLean, VA

    I worked at Freddie Mac full-time (more than an year)

    Pros

    This is a great place to work if you have a technology background. This was my first job out of college and I was exposed to a number of high dollar price applications/tools. They have a great technology rotational program that literally lets you choose 3 different areas of the company you would like to try out before you get positioned full-time. I did business analyst, security analyst, and application support. If your new to corporate world, this place gives you ample opportunity to learn what areas most interest you.

    Cons

    At the end of the year and a half rotational program, you continue to have the same salary you started with. This is part of the reason why I left, because after a year and a half, you'd expect to get somewhat of a salary increase. Another thing would be the politics. Things have to go through a turtle like approval system. Seems like nothing get done fast enough.

    Advice to ManagementAdvice

    Give a salary increase after your rotational programs. That was the only reason I started looking for another job, I have a year and a half of experience and any other company is willing to give me anywhere from 5-10% increase on what I was making.

    Recommends
    Neutral Outlook
    No opinion of CEO

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