Fannie Mae reviews

3.6

55% would recommend to a friend

(2,556 total reviews)
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Peter Akwaboah

38% approve of CEO

39% positive business outlook

Fannie Mae has an employee rating of 3.6 out of 5 stars, based on 2,556 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Fannie Mae employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

3K reviews
2.0
Feb 21, 2021

Stay Away

Recommend
CEO approval
Business Outlook

Pros

9-5 worday, work life balance, people are easily impressed

Cons

First, if you are considering a contractor job do NOT take it. They treat contractors as second class citizens - I was given a few days notice of my last day in the middle of a pandemic. Second, this company has no idea how to leverage new technology. Its IT department's security policies have killed open source, the people in charge of making the data intelligible for decisions have no idea about statistics or data analysis.

1.0
Jan 12, 2021
Recommend
CEO approval
Business Outlook

Pros

Good benefits/perks, nice new HQ, and if you don’t really do anything (sounds crazy) but it’s true. It’s highly inefficient so you don’t really do anything. It’s basically a gov job. Good pay if you negotiate hard. Good job stability if you just come in on time and sit at your desk. Relationships matter more than merit and impact.

Cons

You don’t really do anything. So if you hate sitting at your desk for 8 hours faking like you’re doing something then it’s not for you. Also, there’s a toxic corporate culture. Relationships matter more than merit and impact. It’s basically a gov job.

3.0
Mar 16, 2020
Recommend
CEO approval
Business Outlook

Pros

Pro: Fair pay and decent 401K match (6% with instant match), mostly nice colleague, work remotely twice a week, free online training from O'reilly (it has all types of training) , $150/month parking benefit, volunteering house rebuilding program that takes you to different states, cafeteria, decent amount of corp social events, brand new office, great corp gym

Cons

- TONS of bad managers, office politics, and corporate bureaucracy to work with - work two weekends each month during month end and quarter close - a lot of meaningless meetings and boring work, you copy/pasting excel, check excel formulas to make sure the data output is correct, have a TONS of meeting, making sure the input data was correct - their SOPs are outdated, so you have to learn the process on your own and as you work. You can ask your friendly colleague (most of them are nice, only some are knowledgeable) if you have questions but manager will think you cannot perform your work -my manager was borderline abusive. Calling and emailing you at 10pm and weekends. Force people to weekly training meeting with no end goal. No people skills. If you ask them too many questions, they will start judging your ability to perform your work - their database legacy system are... legacy / outdated, makes it difficult to obtain data. You have to ask another team to get the data for you, which mean others will do the same thing. It makes the work frustrating since half of your time is waiting for data and it might be wrong - they just change their corporate structure to make it harder for people to advance / get promotion. There are a lot more layers, more entry, middle, and manager titles before you will ever get promoted. for current employee, it's like everyone got demoted - rotation program is selective and based on favorites, you have to go behind your manager to apply for other jobs within the firm - promotion is based on position availability and favorites. - No bonus structure for employee (even thou they say they have one), management will always get their bonus - you have a bi-weekly meeting w/ your manager and a monthly one with your director. Then you have a daily huddle 15 min meeting (if you are lucky, or it usually go over). On top of those, you might have one or two meetings every other day - tons of employee surveys to fill out, management does not take them seriously unless it's favorable critique - Trying to come out of conservatorship means they careless about employee well-being, benefits, and no budget for team social events (all grouped into a corp event) - commuting to DC

Viewing 76 - 78 of 2,556 Reviews

Glassdoor has 3,054 Fannie Mae reviews submitted anonymously by Fannie Mae employees. Read employee reviews and ratings on Glassdoor to decide if Fannie Mae is right for you.