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Freddie Will Use Technology Vendors.(Brief article)
San Diego -- Gone are the days that Freddie Mac will look to build all of its technology in-house. The GSE said at the MBA tech show here that it will look to the market to buy technology and integrate it within its enterprise.
In the past, both GSEs have been accused of building proprietary technology to force the industry to do things according to their methodology. This gradual encroaching on the technology space is not acceptable and will not happen at Freddie Mac, said its executives at the MBA event.
"We have come to a point where the industry has matured," said Ed Albrigo, VP of change management at Freddie. "Also, technology standards have matured. There are also new investors that have come to the market aside from just Fannie and Freddie that vendors have created scalable solutions for, which means they have matured to a point where they can deal with our scale and ...
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