Fannie Mae Reviews | Glassdoor

Fannie Mae Reviews

Updated April 13, 2017
308 reviews

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4.0
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Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
140 Ratings

308 Employee Reviews

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  1. Helpful (4)

    "It's like the mafia - easy to get in, hard to get out"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager III in Reston, VA
    Current Employee - Project Manager III in Reston, VA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Fannie Mae can be a great place to work. There are often opportunities to move around within the organization, and if you have a manager that is looking out for you, you can spend your career there. The pay is pretty good. The benefits are above average, and, again depending on your manager, the hours can be flexible. As a single father, I really appreciate that.

    There is also a strong sense of giving back to the community. Employees can take hours each month for volunteering, and one week a year, everyone in the company is encouraged to participate in "7 Days to SERVE," which includes company-organized volunteering events for individuals and teams.

    Cons

    The pay can be golden handcuffs and the culture can lead to complacency. Personally, I don't find the work hat I'm doing very challenging. I could do my job in about 5 hours a day. But since it's not very hard, I tend to make it stretch to fill the day. If the work were more interesting or more challenging, I would be more efficient. And after being here for several years, I wonder if I can work at another company. Has the drive been sucked out of me?

    Also, executives are very management-fad-oriented. They are a large company but they try way too hard to act like a startup. They do reorgs way too frequently, to the point that it affects productivity. Rumors fly about heads being cut on certain Fridays. In my group of 10 people, we easily lose 1-2 days of work in the week before one of these Fridays. And they seem to happen 4-8 times a year.

    The industry is also in flux. It's unclear what the government is going to do with Fannie and Freddie.

    Advice to Management

    Stop chasing the latest fad. Stop trying to be the cool kid on the block. Act your age. It's good to evolve, but change simply for the sake of change just causes pain for your employees.


  2. "Cyber Security Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Cyber Security Analyst in Reston, VA
    Current Contractor - Cyber Security Analyst in Reston, VA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Fannie Mae as a contractor (More than a year)

    Pros

    Good work life balance; great management support and leadership; good working environment; volunteer opportunities; people are very nice, professional, and helpful

    Cons

    Nothing to complain about. Really like this company, and the people here. And the management are willing to support and help


  3. "Customer Engagement"

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

    I worked at Fannie Mae as an intern (Less than a year)

    Pros

    Great work environment and a lot of nice people. Felt utilized and a part of the team.

    Cons

    Slightly disorganized at the start of the internship.


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  5. "Working for fanniemae"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Applications Development Analysis Manager in Reston, VA
    Current Employee - Applications Development Analysis Manager in Reston, VA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    It's going through a huge tech transformation, great time to be part of FannieMae.

    Cons

    Technology has way too many roles and hierarchy producing little output for the manpower they currently have.

    Advice to Management

    "Do your job" should be the mantra. Too much emphasis on performance had resulted in people stepping on each other toes without actually doing their own job.


  6. "Great first year"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources Associate in Washington, DC
    Current Employee - Human Resources Associate in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Benefit options (supporting work/life balance)
    Employee reference groups (encouraging inclusion and diversity)

    Cons

    Wish I would have gotten here sooner


  7. "Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technology Engineer in Reston, VA
    Former Employee - Technology Engineer in Reston, VA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good place to work and advance your career to the next level.The environment is well organized.Great health benefits and other related benefits.

    Cons

    Less flexibility to for telecommuting.


  8. "Good company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Dallas, TX
    Former Employee - Manager in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Challenging work, fast pace, good management communication from the top down.

    Cons

    Very bureaucratic, ongoing government conservatorship saps profits and morale, company need to constantly reinvent itself and undertake 180 degree culture changes. Change is necessary in any business, but not simply for the sake of change and to give underutilized VP's something to do.

    Advice to Management

    Keep communications open at all levels. Do whatever you can to end the conservatorship and get on with business. Your work is too important to the future of the housing industry in the US.


  9. "Senior Project Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Project Manager in Washington, DC
    Current Employee - Senior Project Manager in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good benefits. Nimble. Willing to change with the times.

    Cons

    The company is top heavy

    Advice to Management

    n/a


  10. "Fannie Mae"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Former Contractor - Anonymous Contractor in Washington, DC
    Former Contractor - Anonymous Contractor in Washington, DC

    I worked at Fannie Mae as a contractor (More than a year)

    Pros

    Plenty of opportunities and projects

    Cons

    I dont like the fact that the contract term is limited to 2 years


  11. "Great Company to Work For"

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

    I worked at Fannie Mae full-time (More than 3 years)

    Pros

    Amazing Benefits
    Great work/life balance
    Cool-ish culture (not a start up-type culture, but well on its way for a "government" org)
    Great leadership, easy to find a mentor

    Cons

    Can get lost in the large number of employees
    Can become complacent (more of the person's choice, not the company)
    Reputation (especially bad) spreads like wild-fire at the company

    Advice to Management

    Set Up a platform for team members to communicate openly to senior leadership outside of town halls.


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