Freddie Mac Reviews | Glassdoor

Freddie Mac Reviews

Updated February 14, 2019
840 reviews

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3.8
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Freddie Mac CEO Donald H. Layton
Donald H. Layton
331 Ratings

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  1. Featured Review

    Helpful (3)

    "Engineering Tech Lead"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Engineering Tech Lead in McLean, VA
    Current Employee - Engineering Tech Lead in McLean, VA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Freddie Mac full-time (More than a year)

    Pros

    Competitive compensation, flexible work arrangements, opportunities for growth, gives back to community

    Cons

    Large organization, bureaucratic, not cutting edge

    Freddie Mac Response

    Oct 30, 2018 – Talent Community Manager

    Thank you for taking the time to provide us with your feedback. It's important to offer opportunities for our employees to improve the depth and breadth of their experience – so thank you for... More


  2. "Finance analyst"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Work life balance, opportunities to rotate within the company

    Cons

    Not central area, currently under conservatorship

    Freddie Mac Response

    Nov 20, 2018 – Talent Community Manager

    We are glad that you are experiencing our commitment to work-life balance first hand. We also think it’s important to offer opportunities for our employees to improve the depth and breadth of their... More

  3. "Pretty great company except for the technology"

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

    I worked at Freddie Mac full-time (Less than a year)

    Pros

    Great benefits; great work/life balance; great management

    Cons

    Insufficient training; technology seems like its from the 80s - made it very difficult and tedious to do my job


  4. Helpful (1)

    "Great organization as a whole"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Generalist II in McLean, VA
    Current Employee - IT Generalist II in McLean, VA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Freddie Mac full-time (More than a year)

    Pros

    Relatively easy-going company
    Lots of room for lateral movement
    Mostly great, personable colleagues
    Above average pay and awesome benefits
    Decent work-life balance
    Leadership is mission driven
    Diverse demographics

    Cons

    Unclear path for promotion
    IT is always restructuring/reorganizing with new leadership
    Weak bonuses for professional level employees
    Weak annual raises (basically cost of living adjustment)
    Bureaucracy
    Inconsistent organizational structures amongst each group/division

    Advice to Management

    My hope is that the culture of Freddie Mac, the thing that drew me to the company and makes me look forward to work, does not change when Don retires. Always hire leaders (Directors and above) with strong emotional intelligence who are personable and have good character and you’ll have high performing teams. Experience comes second.


  5. "Great Place to Work"

    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 Freddie Mac full-time (More than 3 years)

    Pros

    Flexible Work Arrangement, Supportive Management, Career Growth

    Cons

    Location (traffic), Open Space Seating


  6. "Great place to work"

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

    I worked at Freddie Mac full-time (More than 3 years)

    Pros

    Great co-workers and good work/life balance.

    Cons

    Uncertain future and too many changes.

    Advice to Management

    Keep employees informed of what's going on.


  7. Helpful (1)

    "Ok place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Freddie Mac full-time (More than 5 years)

    Pros

    Salary, benefits, great co workers. Flexible schedule

    Cons

    Can be too many managers in one group. And they will cover for each other rather then help or protect their direct reports. Some managers have been with the company for way to long and refuse to learn the new technology or procedures. They will just ride your coattails instead of trying to adapt. Too many contractors as well. Number of contractors outnumber actual full time employees. Lack of accountability. HR makes it difficult to get rid of bad employees. Especially ones that are constantly late, still take extra long lunches and cannot perform their job to a point where other co workers must go behind them and double check their work.

    Advice to Management

    Too many managers in a group creates a confusing atmosphere. Who’s really calling the shots and it’s hard to trust them when one manager tells you to do something but the other over rules them and changes everything. Might be time to clean house on some managers that have been there too long and the polices, technology and procedures have past them by. If they can’t do it how can we as direct reports really get our jobs done. Make it easier to fire bad employees. If the standard is to be on time be courteous of lunch breaks and personal phone calls and sleeping on the job are acceptable then so be it but I’ve never worked at a company that allowed that except for Freddie Mac. And it’s infuriating that it’s even tolerated while the hard working employees pick up the slack and do double work to compensate for that one bad employee.

  8. Helpful (1)

    "Best Place I have worked, but there is room for imrpovement with telework culture"

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

    I have been working at Freddie Mac full-time (More than a year)

    Pros

    I love working at this company. They really value their employees. I find the pay competitive, and there are great benefits such as an onsite doctor, gym, and a five star cafeteria. I find my work interesting, and I have ample opportunity for training and learning.

    Cons

    As a working mom, I need a company to have a flexible, telework- friendly work environment. On paper, Freddie Mac has this, but the culture and technology does not support it. Most senior leadership do not have a polycon system in their offices to support conference calls, which would allow remote employees to better participate in meetings. What's worse is that most conference rooms do not have polycons or even telephones at all. Many times, we have to use our cell phones and pass them around so who ever is speaking in the room can be heard by remote participants. This is just not in line with other consulting, financial, and technology companies in the area and is a big downside to recruiting staff, especially women. Another example of the culture is that, in most cases, I have to request the addition of a conference line to meetings. The expectation is that you be there, in person.

    The other thing I wish senior leadership would listen to is that their student loan repayment program is not working. It sends payments directly to your loan holder, at random and different days every month. Therefore our student loan repayment benefit is going directly to the banks (applied towards interest) and not towards the principal of our loans. It is very frustrating.

    Finally, they need to increase vacation days and maternity leave days. They aren't keeping up with the times.

    Advice to Management

    Keep up with the times and change your flex work/telework culture to be more appealing to working mothers...and working parents. Start a campaign to get senior management on board. Behavior and attitudes need to be changes.


  9. "Former employee in Reston, VA"

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

    I worked at Freddie Mac full-time (More than 3 years)

    Pros

    Generous benefits, good training, ability to move within other desired business lines.

    Cons

    Departmental responsibilities are too siloed.


  10. "Good Employer"

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

    I have been working at Freddie Mac full-time (More than a year)

    Pros

    Great benefits and Work life balance

    Cons

    Heavily regulated by government and is in conservatorship.

    Freddie Mac Response

    Feb 6, 2019 – Talent Community Manager

    Thank you for taking the time to provide us with your feedback. We work hard to provide our employees more in return, and that includes competitive compensation and total well-being offerings.