Fannie Mae Reviews | Glassdoor

Fannie Mae Reviews

Updated September 21, 2017
926 reviews

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  1. "Good place to work for...."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Washington, DC
    Current Employee - Anonymous Employee in Washington, DC
    Recommends
    Approves of CEO

    Pros

    Work with smart people, heavy emphasis on training, GREAT management

    Cons

    No promotion within the firm.

    Advice to Management

    None


  2. "It's a great company, the 401k match and work form home flexibility is hard to find at other companies"

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

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

    Pros

    Generous 401k match, very flexible work from home schedule

    Cons

    It's hard to be promoted

  3. "Great Job"

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

    I have been working at Fannie Mae full-time

    Pros

    Treat employees well, great compensation and benefits.

    Cons

    Always talk of Fannie Mae in the news, uncertain of companies future.


  4. "Great Company"

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

    I have been working at Fannie Mae full-time

    Pros

    Very flexible schedule and great management staff to work for.

    Cons

    Can' really say any negative about this place.


  5. Helpful (1)

    "Great place to work"

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

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

    Pros

    Great workplace for work-life balance and stable work environment.

    Cons

    Executives are an elite group and distance themselves from normal employees


  6. "overall, good company values, work/life balance, and diverse workforce"

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

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

    Pros

    good company to work for

    Cons

    not much room for growth in some fields


  7. "Great Place for Opportunity"

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

    Pros

    Like the people, the work, location. Grow within, so if hired, you have lots of opportunity for a long career within the company.

    Cons

    I really dont have anything bad to say. Not all the jobs at Fannie allow to work from home, but thats more of a perk.

  8. Helpful (1)

    "Great company to work for."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Methodologists in Washington, DC
    Former Employee - Methodologists in Washington, DC
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Fannie Mae full-time (More than 5 years)

    Pros

    This company is really into work life balance. When I was there, they offered childcare, lactation rooms, health facility, elder care, meals to go, bonded house sitters, etc. Your life could be balanced from birth to death; thus allowing you to work with fewer life stressors.

    Cons

    Sometimes, management could be cold and unfeeling. While I never experienced this, I did witness this on a couple of occasions.


  9. Helpful (2)

    "Surprised at how well-run this company is."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst I in Dallas, TX
    Former Employee - Business Analyst I in Dallas, TX
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Extremely professional organization. The people are very well-qualified and dedicated to their mission. Fascinating to see the internals of how the mortgage industry actually works in this country. Fannie Mae has been unfairly vilified as a cause of the mortgage collapse. In fact, they are required to buy loans sight-unseen from the originators, which provided a great opportunity for fraudulent mortgage brokers. Why the law was written like that is an enduring mystery! Finally, it is a very diverse workforce demographically.

    Cons

    The employee evaluation system for non-managers is arranged so that 50% of the evaluation is based on a "360 degree" view, and only 50% on quality of work -- meaning that non-managers must be popular to stay. When coupled with the HR "stacking" policy in which the bottom 5% of the staff is targeted for termination each year, and the heavy emphasis on using contractors and term employees, the result is that the permanent employee cadre are very homogenous in outlook and style of thought. Which is ironic, since the demographics are quite varied.

    So, unfortunately, conformity is rampant, and divergent thinking isn't encouraged. Also, the dominant culture is one of brevity in speech -- "it is better to keep silent and be thought a fool, than to speak and remove all doubt." The result is a certain type of group-think, which is one of the reasons (I believe) why the organization was so easily defrauded by Countrywide and other bad actors who sold them completely bogus mortgages.

    Advice to Management

    Less group-think. Get rid of the "stacking" of employees -- just about everyone is highly qualified, no need to shave off the bottom 5 - 10% every year. It encourages unfortunate and sometimes vicious competition internally, to little purpose.

    Fannie Mae Response

    Feb 4, 2014 – Representative

    Thank you for your feedback and we appreciate you taking the time to review the company. We will pass this along to Senior Management.


  10. "Summer Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Summer Intern in Washington, DC
    Former Employee - Summer Intern in Washington, DC

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

    Pros

    I love the company culture there. People are nice and work efficiently.

    Cons

    Offices space is small. Ceilings are not high enough. Easy to get loss in the office buildings.

    Advice to Management

    No


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