Frequently Asked Questions about Fannie Mae Careers

Fannie Mae (the Federal National Mortgage Association) is a government-sponsored enterprise (GSE) that was created in 1938 to support the housing market by buying mortgages from lenders and repackaging them as securities for investors. Fannie Mae also provides banks, credit unions, and other mortgage companies with the funds they need to lend to home buyers. The goal of Fannie Mae is to make mortgage financing more accessible and affordable.

Fannie Mae has a variety of job opportunities in the areas of Finance, Accounting, Risk Management, Technology, Business Systems, Human Resources, Legal, Communications, Marketing, and Customer Experience. Job titles include Data Scientist, Fraud Analyst, Application Developer, Digital Product Manager, Financial Analyst, and Credit Risk Manager.

You can apply for a job with Fannie Mae by visiting the company’s website and searching for open positions. You can also apply directly through the Fannie Mae career portal. You can also submit a resume to Fannie Mae by emailing it to [email protected].

The hiring process for Fannie Mae typically includes submitting an online job application, participating in a phone or video-based interview, providing references, undergoing background and credit checks, and participating in an in-person interview. The entire process can take several weeks to complete.

To apply to Fannie Mae, applicants must have a minimum of a high school diploma or equivalent. Possessing a college degree in a related field such as finance, economics, accounting, or business is preferred. Candidates must also have a strong work ethic and the ability to work in a fast-paced environment. Demonstrated experience in customer service, problem solving, and communication skills is also highly valued.

The salary range for Fannie Mae jobs varies depending on the position and the location. However, salaries typically range from $60,000 to $120,000 per year.

Yes, Fannie Mae offers a comprehensive benefits package that includes medical, dental, vision, life, and disability insurance; a 401(k) plan with employer matching; flexible spending accounts; employee discounts; and paid time off.

No, Fannie Mae does not offer any relocation assistance.

Yes, Fannie Mae offers internships in a variety of areas, including finance, technology, marketing, and communications. To learn more, visit their website at www.fanniemae.com/careers/student-programs/internships.

Yes, Fannie Mae offers an exclusive program for military veterans. Through the Fannie Mae Military Veterans Program, they are committed to actively recruiting and hiring qualified veterans and supporting them throughout their careers. The program provides veterans with career development, mentoring, networking, and other resources to ensure their success at Fannie Mae.

Fannie Mae offers a variety of training and development opportunities to its employees, including classroom-style courses, online courses, seminars, workshops, and webinars. Additionally, Fannie Mae offers tuition assistance and other financial incentives to employees who pursue higher education. Fannie Mae also offers leadership development programs, mentoring opportunities, diversity and inclusion training, and special programs for entry-level employees.

Yes, Fannie Mae does offer flexible working arrangements. This includes the ability to work remotely, flexible hours, and job sharing. The company also offers a variety of programs to support employee work-life balance, such as summer hours, teleworking, and childcare reimbursement.

Fannie Mae has a culture that emphasizes collaboration, innovation, and respect for its employees. The company encourages employees to take initiative, encourages the free exchange of ideas, and values diversity. Fannie Mae is also committed to providing employees with a healthy work-life balance, as well as offering competitive salaries and benefits.

As of October 2020, Fannie Mae has approximately 4,000 employees.

Fannie Mae's work environment is fast-paced and focused on achieving results. Employees are expected to maintain a professional attitude and work collaboratively to solve complex problems. The company has a strong commitment to innovation, and encourages employees to think outside of the box and challenge the status quo. In addition, Fannie Mae offers a competitive benefits package and numerous development opportunities to help employees reach their full potential.

No, prior experience is not required to work at Fannie Mae. However, some positions may require specific qualifications or experience.

The average length of employment at Fannie Mae is approximately 5.7 years.

The interview process at Fannie Mae typically consists of a phone or video interview, followed by an in-person interview. Following the in-person interview, candidates will be asked to complete a skills assessment. Additional steps may include a background check and/or an additional interview with a senior leader.

Fannie Mae is committed to fostering an inclusive working environment and a culture of diversity and inclusion where all employees are valued, respected, and empowered to do their best work. We strive to create an environment that celebrates the diversity of our employees, customers, partners, and communities. We are committed to recruiting, hiring, training, and promoting qualified individuals without regard to gender, race, color, religion, national origin, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by law. We are also committed to providing reasonable accommodations to individuals with disabilities.

Fannie Mae offers a variety of programs for its employees, such as: 1. Professional Development: This program provides employees with the tools and resources to help them grow and succeed. 2. Employee Recognition: Fannie Mae recognizes outstanding employees through awards and recognition programs. 3. Flexible Work Arrangements: Fannie Mae offers flexible work arrangements to support employees' personal and professional needs. 4. Benefits: Fannie Mae offers a comprehensive benefits package, including medical, dental, vision, disability, and life insurance. 5. Retirement Savings: Fannie Mae provides employees with retirement savings options, such as 401(k) plans and pension plans. 6. Wellness Programs: Fannie Mae offers wellness programs to help employees maintain their physical and mental health. 7. Tuition Reimbursement: Fannie Mae provides tuition reimbursement to help employees further their education.