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September 29, 2014

InformationWeek Lauds Freddie CIO For Driving Change


Fredie Mac CIO Robert Lux
Wall Street & Technology names Freddie Mac CIO Robert Lux to its "Elite Eight".

"A CIO is only as good as his or her team," Freddie Mac CIO Rob Lux told Wall Street & Technology, which reports that Freddie has one of the best.

The October issue of WS&T names Lux to the publication’s prestigious Elite Eight.  WST's Elite Eight are technology executives who transcend their traditional roles as technology gurus. WS&T, published by InformationWeek, profiles Lux and Freddie's IT division's achievements because of their "laser focus" on modernizing Freddie Mac and delivering important upgrades to the mortgage industry.

Wall Street & Technology also singled out changes at Freddie's IT department enabling its 1300 professionals to efficiency undertake numerous initiatives quickly and efficiently. Top initiatives cited in the magazine include en­suring technology portfolio sustainability, benchmarking against industry standards, supporting a mobile workforce, and slashing project cycle times for delivering business value.

"We feel a sense of urgency to get new technologies out to the industry," explained Lux. One example InformationWeek singles out is Loan Quality Advisor, which helps Freddie Mac customers identify outstanding issues before they submit a loan to Freddie with greater speed, more accuracy and lower cost.

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