Fannie Mae Reviews | Glassdoor

Fannie Mae Reviews

Updated November 14, 2017
957 reviews

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3.7
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957 Employee Reviews

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  1. "You won't find another company like Fannie Mae!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Applications Support Analyst in Dallas, TX
    Current Employee - Applications Support Analyst in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Competitive pay, AMAZING benefits!! Opportunity for advancement and lateral department moves

    Cons

    Layoffs occur often but depends on the economic need for your position


  2. "senior solutions architect"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Technical Architect in Reston, VA
    Current Employee - Senior Technical Architect in Reston, VA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    good place to learn and Earn

    Cons

    opportunities for growth of technical people is limited

  3. "Fannie Mae"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Business Analyst in Washington, DC
    Former Employee - Senior Business Analyst in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Fannie Mae full-time (Less than a year)

    Pros

    Good benefits, assistance house financing, and very good people.

    Cons

    None, best company in Washington, DC


  4. "A good place to get valuable experience..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    I worked at Fannie Mae full-time (More than 10 years)

    Pros

    Great pay and benefits...Varied opportunities available.

    Cons

    Very political...Massive youth movement sidelines older employees

    Advice to Management

    Take input from annual surveys more seriously, or lose the true pulse of the company's employees.


  5. "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales
    Current Employee - Sales
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Fannie Mae full-time (More than 5 years)

    Pros

    Excellent Benefits, Diversity, Remote work

    Cons

    lack of upward mobility, lack of education requirements, technology is subpar

    Advice to Management

    Promote based on talent not obligation


  6. "Enterprise Architect"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Approves of CEO

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

    Pros

    Awesome place to work. Great work culture

    Cons

    Nothing I can think of

    Advice to Management

    Continue doing the good stuff in taking Fanniemae to the next level


  7. "Business Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst
    Current Employee - Business Analyst
    Recommends
    Approves of CEO

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

    Pros

    Great company culture and beliefs

    Cons

    need better management and career growth opportunities

  8. "Vendor Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Positive Outlook
    Approves of CEO

    I have been working at Fannie Mae full-time

    Pros

    Employee benefits are superb, better than most companies in Dallas

    Cons

    No opportunity for growth due to the condensing status of the company.

    Advice to Management

    Increase employee recognition


  9. "IT Service Delivery"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Service Delivery in Arlington, VA
    Former Employee - IT Service Delivery in Arlington, VA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Fannie Mae full-time (More than 10 years)

    Pros

    Good benefits, Diverse culture, Flexible Working Schedules, Salary is competitive

    Cons

    Takes too long to implement any changes. Outsourcing IT platforms was a disaster to Service Levels.


  10. "Human Capital Planning - who can we lay off?"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Washington, DC
    Current Employee - Director in Washington, DC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Benefits, compensation, work life balance

    Cons

    Continually changing priorities and approaches has the firm in a constant state of flux. Much is said about a human capital plan, which may sound impressive but is essentailly a constant re-evaluation of who could be expendable. Another buzz phrase is shape shifting, which boils down to replacing more senior middle management with lower cost staff. The CIO actually stated that employees should consider a 18 month tenure a good run in the "current environment". Below the officer (VP) level the constant churn is discomforting. At the VP level and above the brain drain is on. If stability is important this isn't the place for you.

    After 9 years of conservetorship parallel business plans are about to collide. The Obama administration planned on winding Fannie down with a plan of bringing the capital position to zero by Jan. 2018. Not only is Fannie still in place, it's delivering billions of dollars to Treasure each year. Those dollars are generated from gaurantee fees collected on qualifying mortgages to cover losses related to loan defaults: essentially insurance. But all of the money collected in fees is transferred quarterly to the US Treasury, so there'll no capital to cover related losses. As a result, Fannie Mae would need to draw from Treasury to cover quarterly losses. This is exacerbated by a lower than 35% Corporate Tax rate. Fannie Mae is still writing off losses, but the writeoffs assumed a 35% tax rate. A rate any lower decreases the value of the write-offs, which increases Fannie's tax liability. With no capital in 2018 there's no money to pay higher taxes.

    Advice to Management

    The aspirations or human capital planning are commendable. But the current plan coupled with the annual employee survey runs counter to what employees see happening.


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