HW 2019 Insider: Aravind Jagannathan

Vice President of Single-Family Chief Data Officer, Freddie Mac

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.

F2For 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.”

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[PULSE] The shift from LIBOR to SOFR is on the horizon – Are you ready?

Effective January 3, 2022, the mortgage industry will cease using the long-standing LIBOR and, instead, adopt the new Secured Overnight Funding Rate (SOFR). With billions of dollars in ARM assets tied to the LIBOR index, this will have huge implications for the mortgage industry – and the consumers it serves.

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3d rendering of a row of luxury townhouses along a street

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