Fannie Mae - You can learn alot but must put up with a lot of turmoil, internally and externally. | Glassdoor
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There are newer employer reviews for Fannie Mae

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"You can learn alot but must put up with a lot of turmoil, internally and externally."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Project Manager in Washington, DC
Current Employee - Project Manager in Washington, DC
No opinion of CEO

Pros

The company offers a great benefits package and decent compensation (even after all of the troubles of the past few years). Good opportunities for learning.

Cons

As is clear from reading the news, the company has been in a state of turmoil for the past few years and the future is uncertain. If you're risk-averse and like certainty, this environment won't work for you.

Advice to Management

Upper managment should recognize more the need to communicate elements of certainty to the staff, but sometimes the communciation is just too much when there's really nothing to say.

Other Employee Reviews for Fannie Mae

  1. Helpful (3)

    "Management is inefficient, hierarchical, self-promoting, unethical and abusive"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Manager in Dallas, TX
    Current Employee - Portfolio Manager in Dallas, TX
    Doesn't Recommend
    No opinion of CEO

    Pros

    - High profile company
    - Good managers do exist, however are passed up for promotions based on image and favoritism
    - Pay is great though grotesquely excessive considering the financial insolvency of this GSE that heavily contributed to the economic crash by providing easy-access (minimal diligence) finance for housing. The organization enabled our US housing prices to spin chaotically out of control as a result of this corporations mortgage liquidation mission statement.

    Cons

    - Reporting on delinquent loans, from inventory and REO (Real Estate Owned) properties to performing loans has an unexagerated lag time of 45 days. This is a painfully unacceptable delay.
    - Sr. Management's major priority is to drive all managers to provide reporting in a 75 slide power point presentation. This monopolization of our time paralyzes operational efficiency by sacrificing critical time needed to execute strategies and halts all efforts to achieve resolution of the millions of loans that need attention.
    - Ego leads the pack as does the cannibalistic self-promotion at all levels in most teams
    - The shameful lack of internal departmental coordination is a constant threat to the operation's effectiveness. This segregation of departments ranging from accounting to legal, sales to servicing and so much more, will result in heavy losses at the expense of our nation's taxpayers and investors.

    Advice to Management

    Clean house, survey all employees, reduce middle management, get aggressive with results, free managers from outdated reporting PPT graphs, charts, analysis, and required presentations that hurt operations, escalate stress, and stunt progress.


  2. "ok place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Reston, VA
    Former Employee - Anonymous Employee in Reston, VA
    Recommends
    No opinion of CEO

    Pros

    salary, benefits, technology, flex program, opportunities

    Cons

    sotware teams have non-technical managers

    Advice to Management

    more training

There are newer employer reviews for Fannie Mae
There are newer employer reviews for Fannie Mae

See Most Recent

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