Clear Sight - Reengineering Your Data Management Program: A Case Study with Freddie Mac

Freddie Mac, one of the nation’s largest investors in residential mortgages, is continuously improving its IT systems to increase its efficiency, protect the taxpayers’ investment in the company, and support the nation’s multi-trillion dollar mortgage market. Freddie Mac’s Single Family business division has relied upon numerous applications and data layers. Single Family technologies range from mainframes (the data warehouse layer) to cutting-edge Big Data platforms. Although Single Family has developed and implemented many exemplary data management processes, the division’s strategic objectives require a cohesive organization-wide data management program. Freddie Mac selected the DMM Assessment to help determine current capabilities, benchmark performance, and prioritize IT planning. Together with a stakeholder-intensive collaboration, the DMM Assessment yielded several benefits:

Stakeholder education
A common language for data management
Current state baseline measurement
Priorities for addressing gaps and leveraging strengths
Key recommendations for the division’s data management strategy.

Peter Presland-Byrne joined Freddie Mac in 2012 to lead the Enterprise Architecture team, reporting to the CIO, and overseeing architecture and information management. Peter has focused on strengthening enterprise technology planning, simplifying and enhancing the existing IT architecture, and standardizing and optimizing technologies and data. He is an executive champion of culture change and innovation initiatives at Freddie Mac. Previously, Peter held senior leadership roles within the financial and mortgage industries, including Bank of America and Countrywide Financial. He has delivered agile technology solutions to enhance business growth and profitability for 20 years, in enterprise architecture, software management, technology strategy, and systems modernization. Peter received industry recognition as a Computerworld Premier 100 IT Leader and has spoken in both industry and academic venues. He is a member of the Mortgage Banker Association’s Residential Technology Forum, and reviews and advises on MBA students’ business proposals for the Tuck School, Dartmouth College.

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Ms. Mecca, CMMI Institute’s Director of Data Management Products and Services, led development of the Data Management Maturity (DMM) SM Model. Her team created a fast-paced, interactive method for assessing an organization’s capabilities with the DMM, and she has led seven Assessments for organizations in the financial, Federal, and technology industries. She managed the industry peer review of the DMM, harmonizing the contributions of 70+ SMEs, and directed creation of the DMM Introduction, Advanced Concepts, and Enterprise Data Management Expert (EDME) courses leading to DMM certification. In 30+ years solving enterprise data challenges, Ms. Mecca has architected and implemented data management programs, data strategies and architectures, and enterprise data services. She teaches DMM courses, presents webinars and case studies thru DataVersity and Data Driven Business, and recently presented at conferences including EDW, DGIQ, WDG, CDO Forum, and Risk Data Governance and Aggregation. She is a strong advocate for data management excellence with a passion for assisting organizations to realize business value via the DMM.