Aravind Jagannathan, Freddie Mac vice president and single-family chief data officer, played a seminal role in the company’s successful creation, integration and June 2019 launch of the world’s newest and second-largest bond market, the $4 trillion “To Be Announced” market for uniform mortgage-backed securities.
For the last seven years, Jagannathan led a team of 170 experts in technology to plan, test and implement Freddie Mac’s participation in a revolutionary joint venture—Common Securitization Solutions, which administers the UMBS. UMBS will bring more liquidity to the housing market, lower costs for borrowers and make Freddie Mac a more agile and competitive company. Over the course of the project, Jagannathan maintained the morale of his team and fostered a winning attitude that accomplished its goals. Jagannathan’s leadership in this role has enabled the company to advance products that make mortgage lending quicker and more affordable.
“The key to success is to formulate a winning attitude across your team and drive forward. Empower colleagues for their development, and you will see the benefits across the team.”