David Lowman joins Freddie Mac as executive vice president for the single-family business, the company said Wednesday.

In his new role, Lowman will manage the company's relationships with sellers and servicers, while overseeing the performance of Freddie Mac's guarantee book of business and all sourcing, servicing and business operations. 

Previously, Lowman served as CEO of Chase Home Lending, overseeing $150 billion in annual production.

"Dave has spent more than three decades in the mortgage business, has broad experience in virtually all aspects of mortgage finance," said Donald Layton, CEO of Freddie Mac.