Fannie Mae Reviews

Updated May 7, 2021

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4.0
82%
Recommend to a Friend
91%
Approve of CEO
Fannie Mae CEO Hugh Frater
Hugh Frater
173 Ratings
Pros
  • "Work life balance is very reasonable(in 273 reviews)

  • "Large employer with great benefits(in 137 reviews)

  • Cons
  • "not the best company for work life balance(in 40 reviews)

  • "Being in conservatorship can present some limitations(in 33 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Ratings by Demographics

    This rating reflects the overall rating of Fannie Mae and is not affected by filters.

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    1. 4.0
      Former Employee, more than 8 years
      Featured Review

      Good Place to Work

      Jan 12, 2021 - Senior Developer in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Flexibility when needed, collaborative environment, supportive management, good benefits

      Cons

      No cons to report at this time

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    2. 5.0
      Current Employee, less than 1 year

      Great company, but ready to work hard

      May 7, 2021 - Software Development Engineer (SDE) 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Positive Team environment, flex schedule and remote option available

      Cons

      Too many long hours at nights and weekends

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    3. 5.0
      Current Employee, more than 3 years

      Great place to start a career

      Apr 21, 2021 - Associate in Reston, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Overall I think Fannie Mae is a great place to work at. They provide a very competitive salary with some of the best benefits I have ever seen in a company. Bottom level employees start with 3 weeks PTO, 2 weeks paid sick leave (which everyone uses as PTO), 1 day a month to volunteer somewhere while paid, they pay out $10k to help you towards buying a home, great 401k match, the list can go on for a while. During covid no one received a pay cut which in itself is a true blesssing and also speaks to the resiliency of the business. Great work culture. They are committed to career development. I feel like my managers listen to where I want to go with my career and position me into projects that would support that. Any training i have ever asked for has been approved and paid for. Also with such a large company you are always working in a multi discipline environment and getting to work along side people of diverse work backgrounds has been such a great experience for my career. Definitely would recommend working at Fannie Mae.

      Cons

      There is a a lot of bureaucracy and political-ness amongst various business units. The company is so big that departments are operating as somewhat separate companies and will compete for similar business. Some coordination in this would seem like an easy way for the company to save money.

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    4. 5.0
      Current Employee, less than 1 year

      Excellent, mission-driven company

      May 2, 2021 - Business Transformation Consultant in Dallas, TX
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Mission-driven - Committed to excellence - Strives to embetter communities across the country - Top talent working environment

      Cons

      - Pay compared to financial services market as a whole - Too much middle management - Limited growth opportunities (up, though there are some lateral learning opportunities)

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    5. 2.0
      Current Employee, more than 5 years

      Getting worse

      Apr 26, 2021 - Lead Associate in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Smart and nice colleagues, friendly work environment and good company culture

      Cons

      The management squeeze the people below as much as they can. Super long hours for project work due to under staffing/funding, reduced benefits, no annual pay increase based on merit, hiring freeze, and less and less growth opportunities. Workload keeps getting more while head count is being cut. The management doesn’t want to add head count because it will make things look “inefficient”. What makes it worse is even when the team back fills a senior staff that has left, the opening is usually a junior staff position. Poor hardworking junior staff never get to move up. By saving a little cost in this way it lowers morale deeply and doesn’t help keep good employees.

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    6. 5.0
      Current Employee, less than 1 year

      NA

      May 5, 2021 - Product Manager in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great place to work here!

      Cons

      Can we all just have world peace

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    7. 5.0
      Current Employee, less than 1 year

      Review

      May 5, 2021 - Existing Sales 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Salary is comparable with market place value

      Cons

      Benefits sucks and need to be reevaluated

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    8. 4.0
      Former Employee, more than 3 years

      Good and Bad

      Apr 20, 2021 - Applications Support Analyst in Reston, VA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The culture was enjoyable, there were work events to help you feel appreciated, a lot of opportunity to network and shift around in the company

      Cons

      Pay was lower than market value due to going from contractor to full time

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    9. 3.0
      Former Employee, less than 1 year

      Good benefits, bad career advancement

      May 5, 2021 - REO SPECIALIST 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Amazing benefits Good work culture Mid level management is amazing

      Cons

      Worked for this company for over 5 years and never received a job offer for many jobs that I was well qualified for.

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    10. 4.0
      Current Employee, less than 1 year

      A good place to learn

      May 1, 2021 - Manager in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Fast-paced, exciting, emphasis on learning

      Cons

      Very bureaucratic, still under conservatorship.

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    Viewing 1 - 10 of 1,482 Reviews

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