Mike Hutchins

Fannie And Freddie Leaders Talk About Artificial Intelligence

Posted on by TMN Editor
By KIMBERLEY HAAS Leaders at Fannie Mae and Freddie Mac say they are using artificial intelligence to improve operational efficiencies. Fannie Mae CEO Priscilla Almodovar and Freddie Mac President Mike Hutchins talked about the benefits of using AI during an on-stage conversation last week at the Mortgage Bankers Association’s annual convention and expo in Philadelphia. Moderator Mark Jones, president of Union Home Mortgage and 2024 MBA Chairman, asked how the government-sponsored enterprises are thinking about using AI and what opportunities could arise as a result. Hutchins said they have embraced the use of AI for quite a while. “It’s an important part of our operations and we’re probably at the forefront of embedding AI into our models and into our…

Ravi Shankar Returns To Freddie Mac As SVP

Posted on by TMN Editor
Ravi Shankar has joined Freddie Mac as senior VP and head of Single-Family Portfolio and Servicing, the GSE announced in a press release. Shankar is returning to Freddie Mac, having served as an executive for the GSE from 2013 to 2019. In that period, he served as SVP for Single-Family Portfolio Management and deputy head of Investments and Capital Markets, respectively. He is a member of the company’s senior operating committee and reports to its president, Mike Hutchins. “Ravi Shankar brings substantial experience to the company as a respected financial services leader, portfolio manager, and Freddie Mac alum. I am pleased to welcome him back to the company,” said Mike Hutchins, President of Freddie Mac. “I look forward to working…