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Fannie Mae
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60 reviews

Fannie Mae Employer Reviews

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Compensation/Benefits
Management
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No work/life balance, unstable environment, but good pay
Business Analyst III (Current Employee), Dallas, TX – May 15, 2013
Pros: pay
Cons: incompetent mgmt
No work/life balance, unstable environment, but good pay. You have to kiss butt to move up in this company. So very political.
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Demanding and fast-paced work environment
Financial Engineer (Former Employee), Washington, DC – May 15, 2013
Demanding and fact-paced work environment.
Co-works are great and management works hard to maintain a high employee moral.
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Professional Environment
Security Shift Supervisor (Current Employee), Headquarters, WA – May 7, 2013
Excellent place to advance and to learn how to be professional. Learned many management and team leader skills.
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Horrible place to work
Compliance & Ethics Manager (Current Employee), Washington, DC – May 3, 2013
Work here if you are a white male. Only way you'll get ahead. Look at the leadership team of the company. All white guys. HR department is full of discriminatory behavior. The guy who runs it is unethical.
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Mayes – May 13, 2013

This is happening everywhere and for a long time. Race has nothing to do with ability. If you can find an attorney in your area, this would be a major settlement.

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I was just a contractor
Project Analyst (Former Employee), Dallas, TX – April 23, 2013
Overall, not a bad experience. I worked in the mortgage fraud research department.
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Fanniemae
Business Analyst (Former Employee), Herndon, VA – April 11, 2013
This was a project in the Credit Risk Management branch. The project would allow banks and lenders to submit a potential borrower's financial information such as income, debts, credit history and home appraisal through Fanniemaes on-line application form. The level of credit risk associated with a loan would be analyzed through database server, so that – more... a quick decision may be reached at, and an immediate response captured, on whether the loan would produce attractive Mortgage-Backed Securities (MBS), by Passthrough’s or Collateralized Mortgage Obligations (CMOs) or tranches. Alternatively, the response would capture Jumbo Non-Conforming loans. Thus, the banks and lenders in turn could make quick decisions on giving out the loans. – less
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Productive and challenging.
Loan Operations Specialist I (Former Employee), Frederick, MD – March 25, 2013
Pros: the salary
Cons: the hours
•Perform transactions related to the funding and delivery of whole loans and securitization of mortgage backed securities (MBS) and monthly servicing activities. Analyze data, research issues and exceptions, and resolve discrepancies. Ensure adherence to internal controls and regulatory standards.
•Provide assistance to customers regarding operational – more... performance in areas such as delivery accuracy, pricing, remitting, and lender compliance. Report results and concerns to senior team members or management. Collect data regarding customer performance.
•Build internal and external customer relationships. Respond to inquiries.
•Assist in updating workflow processes.
•Support the technology group by testing system enhancements prior to release.
•Perform moderate to complex projects or participate as a team member on highly complex products – less
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temporary position (contract)
Claims Specialist- Contract (Former Employee), Dallas, TX – March 21, 2013
Pros: great place to meet people
Cons: possiblity of workiing 50 hours a week.
Since I was contracted per 6 months, This was a chance to test my claim productivity in multiple systems (Gov't and Private) for handling all the mortgage servicing overfull from all partipating national banks.
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Decent workplace
Manager, Project Quality Office (Current Employee), Washington, DC – March 17, 2013
Pros: vacation time
Cons: very political
Good company, but lots of politics
Good benefits
co workers are smart
hardest part of the job is politics
enjoyable part of the job is good opportunities
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Productive, Fun Work Place
Business Ops Specialist 571 REO FCL (Former Employee), Addison, TX – March 9, 2013
Pros: excel. cafeteria. mgt involvement/motivation
Cons: job was short lived/layoff came to quick
Consulting technical expertise to help solve client problems and improve business results; collaborating with internal and external clients through email and/or phone to correct, develop and implement solutions.
Ability to process 571 claims determining each line item within the claim for reimbursement or to collect additional information.
 Analyze/research – more... claims submitted by servicers using LPS - Invoice Management and AMN screens.
 Responsibility: Resolve 80 to 100 claims daily, Knowledge of taxes with-in county/state through-out the US. Attorney expense classification/descriptions and tolerances. Edit codes and their descriptions, Property preservation tolerances, legal tolerances for each state. – less
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Hostile environment
IT Governance Specialist I (Former Employee), Reston, VA – February 28, 2013
Pros: forgiveable loan benefits
Cons: difficult to establish accountability or authority, the floor holds management hostage
Caveat - this review is subject to the fear inducted into the corporate culture due to the negative press during the housing crisis not to be considered relevant to current conditions
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Nice work place
Senior Test Consultant (Current Employee), Herndon, VA – February 23, 2013
Pros: good office and culture
Busy and Productive with lots of meetings and interaction with other groups
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Sr.QA Analyst
Sr QA Consultant (Former Employee), Reston, VA – February 19, 2013
Learned new technologies, work environment is very good, co-workers are helpful, friendly and more efficient persons.
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Diverse Work Environment
Executive Assistant /Project Coordinator (Former Employee), Washington, DC – February 18, 2013
Pros: the opportunity to share an idea along with the execution process.
Cons: the loss of good talent at the expense of saving capital.
Opportunities were presented and I took advantage of everyone to expand my knowledge and skills. A typical day could start out doing daily reports and end up developing a process for how to complete a task. The interaction with co-workers, internal and external customers including solving problems, answering questions, assisting with computer equipment, – more... office set-ups, identifying team building projects, and team meetings to work on diversity culture events. The hardest part of the job was that I was particular and I liked helping the team to get to the end results. The fulfilling part of the job was the recognition for a job well done. – less
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Very productive and fun place to work
Project Specialist (Former Employee), Dallas, TX – February 11, 2013
Pros: vast variety of coffee's
Cons: was working on a 1099 so there was no benifits
This job helped me increase my attention to details skills. The management was great about paying close attention to our productivity, and making me aware of my weakness and strenghts.
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Directors are responsible, cool experience
Research Project (Former Employee), Baltimore – January 29, 2013
1, Research topic picked
2, Reading papers
3, Building models
4, Conference calls
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Great place to work and do good for people at the same time
Administrative Assistant/Office Manager (Former Employee), Sacramento, CA – January 19, 2013
Pros: good pay
Cons: small office
Worked for a great boss. Knew I could do a great job and let me move forward on projects.
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A challenging proving ground that develops leadership skills if you're willing to invest the time and effort.
Senior Manager (Current Employee), Washington, DC – January 16, 2013
Pros: strong office of diversity and inclusion presence, diversity represented throughout company at all levels, valued resource groups, unlimited access to free web-based training and books 24/7, additional career development allocation per department, support for work/life balance and greater acceptance for remote working, free parking or up to $125 commuting assistance in addition to $240 flex spending for commuting, opportunities to transfer into other areas, continue focus on community outreach, strong corporate volunteering support.
Cons: mandatory forced ranking for reviews, conservatorship that wiped out stock ownership, belief that the government owns the company and other misperceptions that go unchallenged, belief that this is a bad place to work.
Regardless of whether you believe what is said in the media. Fannie Mae serves the purpose it was created to perform in 1968: provide liquidity to the U.S. housing market through the guarantee of payments to investors of the securities it issues. It is a mission driven organization that is currently in the process of transforming itself.

If you are – more... looking for an organization where you can do enough work to get by and collect a paycheck, this isn't the place for you. The work is challenging because it deals with leading changes to an industry that's trying to recover from collapse while its regulators and the government have designs to marginalize the industry's dependence on it. You are held accountable for your work, given the training and tools to improve your skills and put in situations where your success is on a sliding scale. It's up to you to figure out where you fit in and where you add value.

It's not a perfect organization but it offers enough in benefits and compensation to continue attracting talent to replace those who have been able to improve themselves enough to be promoted out of the company or survived long enough to retire to another career. The current leadership is trustworthy, challenging and focused on making a difference.

The opportunities are there but don't expect that they will be handed to you as no one is entitled and employment is at-will. – less
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Great place to work
Business Analyst/Senior Lead Auditor (Current Employee), VA – January 2, 2013
The analytical piece and getting into the details are the most enjoyable part of the job. My coworkers are wonderful to work with,
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Jay1 – February 14, 2013

- Provides lot of tools to be productive, which is helpful - more chaotic often times - Office stinks - Treats contractors as third class - Less trust in the culture. - Expects you work more for less pay

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Large Company, Huge Opportunity to Make an Impact
Director,Operations-Loss Mitigation & Spec. Proj. (Current Employee), Dallas, TX – December 28, 2012
* Typical day includes strategic project management, staff management, meetings..., problem solving, etc.
* Great people, generally, and management that has open door policies.
* Knowledge base is wide, comes with the territory, finding an expert on a specific subject takes knowing the company internally, it increases your ability to execute.
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About Fannie Mae

We are looking for employees who are intent on helping us achieve something remarkable. Since 2009, we have made tremendous progress – Read more