How do Mortgage Industry CEOs Stack Up Against Others?

The Glassdoor Top 100 Highest Rated CEO List was released Wednesday, and two mortgage industry CEOs made the cut. The report, which asked both full-time and part-time employees to rank their bosses, surveyed over 700,000 companies across North American and Europe. The average CEO approval rating was 67 percent. The survey spans from current to former employees, and asks about the work environment, company culture, rate compensation, benefits, work-life balance, and a general opinion on the performance of the CEO.

Timothy J. Mayopoulos, President and CEO of Fannie Mae, was awarded number 59 on the list with a 92 percent approval rating. Mayopoulos first took up his mantle at Fannie Mae in 2012. 

Looking forward, Mayopoulos is both confident and weary at what the future might hold for Fannie Mae. In the mortgage lender’s Q1 conference call, the CEO acknowledges the mortgage market continues to perform solidly, and he expects to remain profitable annually. But, he also recognizes that Fannie Mae does not control many factors that impact the lender’s financial results, such as the recent administration’s move to repeal Dodd-Frank, causing a significant reduction in the corporate tax rate.

“If Congress enacts such a reduction,” Mayopoulos said on the call, “it would negatively affect the value of our deferred tax assets and, we expect, result in significant net loss and net worth for the quarter in which the legislation is enacted . . . [and] would require us to draw additional funds from Treasury.”

Mayopoulos remains confident, even in uncertainty. “[O]ur business fundamentals are strong and our business strategy is delivering results for our customers . . . We look forward to taking more strides on this journey throughout the course of 2017 and beyond.”

Another notable industry leader, Spencer Rascoff, CEO of Zillow, came in at number 48, with a 93 percent approval rating.