![]() Provide catalogs as the source of truth, robustĭecrease hard costs, increase speed to market, share and repurpose data for Users the quality data they need, when they need it, and the independence to Systems.’ Each little thing we do, we publicize,” she said. Selected tools.’ ‘We’re helping rationalize data marts.’ ‘We’re retiring legacy Needs of the business and by publicizing successes along the way. Business Value Through BrandingĬredibility to the program early on with executives and business partners wasīy creating a brand that communicated the data program’s value based on the Our peers, and with thought leaders in the industry. The DCAM allowed them to create a roadmap they could use to take them from where they were to the ultimate goal: a robust data organization.īecause the plan was not developed in a vacuum “but with our stakeholders, with We can’t just assume that we know what the business needs.”Īs a result of the listening tour, they decided to work with the Enterprise Data Management Council (EDMCouncil) using their Data Management Capability Assessment Model (DCAM) to create a model from stakeholder input. ![]() “Talk to your business stakeholders when you’re starting a program or making a change. She sees this as one of the key components to the program’s ultimate success. They consulted stakeholders, co-workers, the internal audit department, compliance, and the privacy office, to determine what challenges they were having and what business problems they needed help with. “We went on what we call ‘the listening tour,’” said Schultz. The CPA, not being a ‘data person,’ decided to consult with key people across the organization to assess the need for a solution. The head of the single-family business charged the CPA with finding a way to leverage their data and enhance the business value so they could better compete. They concluded that, “We’ve got to simplify our architecture and have a north star: where we want to get to.” Program Development – Identifying Pain Points “We need to be able to compete with them and respond to new programs and products that they put in the marketplace.” Freddie Mac’s mainframe-based infrastructure is complex, making it difficult to respond nimbly to business challenges. “We’re in Virginia, and they’re in D.C., so we call them our friends across the river,” Schultz said. That’s allįreddie Mac and similar organization Fannie Mae are both government-sponsored programs that provide support to banks for mortgage lending. “The short story is that we deal with a lot of data. Servicing, theirĬapital markets business, and their multifamily business are not included in Single-family sourcing line of business alone, said Schultz. Information for a 114 million borrowers and 94 million properties” in the “Every time we fundĪ loan, we collect 75 data elements on each of those loans. Since 1970, Freddie Mac has funded 62 million loans. What Freddie Mac Doesĭivision provides funding for banks to finance mortgages for single family ![]() Operationalization process from conception through execution, this introductionįrom conception through planning. Presentation was organized in three phases: (1) Ready, laying the groundwork and establishing the program (2) Set, identifying and working with Line of business along with Stephanie Grimes, Manager of Data Governance. Both serve as directors of Data Governance for the single-family At length about how they operationalized a new Data Stewardship Model atįreddie Mac. ![]()
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