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By SVP and Chief Information Officer Rob Lux It only took Freddie Mac 17 business days to write, test, and deploy the 100+ rule changes comprising our Hurricane Sandy disaster relief policies for the systems lenders use to sell and service Freddie Mac mortgages. That is about 90 percent less time than it took to operationalize policy changes following disasters like Hurricane Katrina or the 2012 New England floods. The upshot?  Faster turnaround times at Freddie Mac equate to more quickly providing relief to borrowers whose homes were damaged by last year's super storm.  This also enabled originators to maintain pricing and fund mortgages for homebuyers and refinancing borrowers whose closings were abruptly put on hold by Hurricane Sandy. Read More

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