Posts by Rob Lux
Robert (Rob) Lux is the executive vice president and chief information officer at Freddie Mac. He is a member of the company's senior operating committee and reports directly to CEO Don Layton. Lux is responsible for the company’s Information Technology (IT) assets and services. In this capacity, he oversees end-to-end technology solutions that ensure delivery of strong operational platforms and integrated services throughout Freddie Mac’s businesses. Prior to coming to Freddie Mac, Lux was a Principal at Towers Watson. Before that, he served as Chief Architect for GMAC Financial Services and Chief Technology Officer (CTO) for GMAC Residential Capital (GMAC RESCAP).
It only took Freddie Mac 17 business days to write, test, and deploy the 100+ rule changes comprising our Hurricane Sandy disaster relief policies for the systems lenders use to sell and service Freddie Mac mortgages. That is about 90 percent less time than it took to operationalize policy changes following disasters like Hurricane Katrina or the 2012 New England floods.
The upshot? Faster turnaround times at Freddie Mac equate to more quickly providing relief to borrowers whose homes were damaged by last year's super storm. This also enabled originators to maintain pricing and fund mortgages for homebuyers and refinancing borrowers whose closings were abruptly put on hold by Hurricane Sandy.