F

Freddie Mac

Buys home loans from lenders and sells them as bonds

Workday Financials Systems Analyst – Senior

Full-TimeUpdated on 10/16/2026
$102k - $152k/yr+ Annual incentive program
Senior
Bachelor's
McLean, VA, USA
In Person
IT OperationsEnterprise Applications

About the job

Requirements
  • At least 5 years of software analysis experience in Workday.
  • At least 5 years of experience designing, configuring, testing, deploying, and maintaining Workday, including security and reporting.
  • At least 4 years of experience working with the Workday Financials application.
  • A bachelor's degree in finance, computer science, or a related discipline, or equivalent work experience.
  • Act as a liaison between business product owners and technical staff.
  • Analyze business requirements to propose solutions, identify impacts, risks, and issues, and work with technical and product owners to implement proposed solutions.
  • Strong oral and written communication skills.
  • Ability to work independently.
Responsibilities
  • Design and deliver new applications and enhancements, and support enterprise ERP applications including Workday.
  • Partner with Freddie Mac business owners to plan and execute roadmaps.
  • Deliver technical projects aligned with enterprise architecture, project methodology, and budget.
Desired Qualifications
  • Experience with Accounting Center and Prism.
  • Workday certification.
  • Financial industry experience.

About the company

F

Freddie Mac

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Website

Freddie Mac buys home and apartment loans from banks, credit unions and other lenders so they have fresh money to keep lending to American homebuyers and renters. Congress created it to bring liquidity, stability and affordability to the U.S. housing market, and it sits with Fannie Mae at the center of the country's mortgage system. It never lends to borrowers directly; instead it purchases loans that meet its standards, pools them into mortgage-backed securities sold to investors worldwide, and guarantees the payments. It earns money from guarantee fees and interest on the loans it holds. Freddie Mac was chartered in 1970 and is based in McLean, Virginia.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Tysons, Virginia

Founded

1970

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Simplify's Take

What believers are saying

  • Profits are surging: July 2026 results showed quarterly net income up 61% from a year earlier to $3.8 billion.
  • Retirement savings get a boost: Freddie Mac matches 401(k) contributions up to 6% of pay and adds 2.5% more.
  • The balance sheet is rebuilding: net worth reached $78 billion in June 2026, a regulatory capital milestone.

What critics are saying

  • There is no clear exit: Freddie Mac remains in an open-ended federal conservatorship, analysts noted in July 2026.
  • Earnings stay locked up: a $89 billion capital shortfall in mid-2026 forces it to retain every dollar earned.
  • Leaders change with politics: FHFA brought in retired Deloitte consultant Kenny Smith as CEO in December 2025.

What makes Freddie Mac unique

  • Its software sets lending rules: Loan Product Advisor, Freddie Mac's automated underwriting system, decides which loans it will buy.
  • Its footprint is national: the mortgage portfolio it backs totaled $3.7 trillion at the end of June 2026.
  • Apartments are a core business: it financed 133,000 rental units in the second quarter of 2026.

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Benefits

  • Health Insurance
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Flexible Work Hours
  • Remote Work Options
  • Professional Development Budget
  • Conference Attendance Budget
  • 401(k) Retirement Plan

Company News

National Mortgage News
Oct 5th, 2026
Lenders using VantageScore: Watch Freddie's CRO shake-up.

Lenders using VantageScore: Watch Freddie's CRO shake-up. Published October 05, 2026, 1:42 p.m. EDT Updated October 05, 2026, 7:38 p.m. EDT Freddie Mac Chief Risk Officer Anil Hinduja has left the government-sponsored enterprise and his responsibilities have been handed to another executive in a move that could have implications for credit modernization. John Glessner, a longtime executive vice president who headed up Freddie's investments and capital markets division, now holds the title of CRO for no additional compensation, according to a securities filing. His previous title has been dropped from Freddie's website. Kevin Cheng, who previously was listed as senior VP of mortgage assets and risk transfer, is now titled as head of investments and capital markets. His executive position remains SVP. The changes follow an earlier wave of departures at Fannie Mae. The chief risk officer's oversight extends to the modernization of loan pricing and scoring, which the GSEs' oversight agency has been accelerating, so the handoff could affect how quickly these efforts move forward. While credit modernization has been vetted by multiple administrations and career staff like Glessner, there has been some external concern about managing the risk of pricing loans based on the same scale for both the classic FICO measure and the newer VantageScore 4.0. "It virtually guarantees the GSEs will not only be exposed to higher credit risk but will also not be collecting sufficient fees to compensate," Clifford Rossi, professor-of-the-practice emeritus at the University of Maryland's business school, in a social media post on LinkedIn. Rossi formerly served as CRO during the financial crisis for Citi, Washington Mutual and Countrywide and prior to that served as senior director of single-family risk management at Freddie. Discover how connected technology, integrated data and AI-embedded workflows can reduce silos and improve efficiency. Partner Insights from SitusAMC A spokesperson for the GSE's oversight agency had not immediately responded to an inquiry about risk management related to the unified pricing grid at the time of this writing. The unified pricing removed a previous requirement for loans with VantageScore 4.0 to be on a scale 20 points higher to get the same price as the traditional FICO measure. Removing this has encouraged lender use of the former metric and made the two scores more competitive. Around 5% of new GSE loans have been delivered with VantageScore 4.0. The GSEs primarily use external credit scores for pricing and internal credit models for underwriting. How a CRO with broader oversight of capital markets and investments will view credit modernization remains to be seen, with potential for either a faster or slower approach as the GSE oversight chief Bill Pulte reportedly also plans to move forward soon with his interest in a tri-merge alternative. The tri-merge is controlled by the three major credit bureaus who are behind VantageScore, and trade groups that represent them like the Consumer Data Industry Association have argued that reducing the number of reports could be risky given differences in their data. S&P Global Ratings analysts have considered the differences relatively minor. They also have been looking closely at VantageScore 4.0 and considering how to assess its risk as the enterprises often set trends the private residential mortgage-backed securities market follows. Those analysts said at a recent conference in New York that mapping between classic and more modern metrics like VS4 and another score the GSEs plan to add called 10T is doable, but they require adjustments at most points on the scale except around 640. The rating agency's analysts found numbers below that level for 4.0 and 10T generally align with higher FICOs, and when the modernized metrics are above 647, they needed to make deductions. "The impact on RMBS credit is manageable, but it's manageable when thoughtful mapping is applied," Vanessa Purwin, co-head of U.S. residential mortgage backed securities ratings, said at the Americas Structured Finance conference. Further adjustments may need to be made for the possibility of lender choice in scores potentially inflating values, S&P Global Ratings analysts said, noting that they would be looking for additional context in any transaction reliant exclusively on VantageScore or 10T to assess this. Generally classic FICO has been submitted alongside new scores in private RMBS deals. Purwin said it is her personal opinion, not necessarily S&P's, that this will change. "I think that we'll see in the not too distant future a transaction with loans scored 100% by one of these alternative scoring models," she said. "These new models have positives, they provide a more dynamic view." This story has been updated to clarify that Glessner is now listed on Freddie Mac's website as CRO without his former investments and capital markets title, with that division now overseen by senior vice president Kevin Cheng. October 05, 2026 6:52 PM EDT Capital Markets Editor Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her... Read full bio

Inside Mortgage Finance
Oct 5th, 2026
Short takes: another Freddie Executive leaves GSE / neighborhood intelligence stops acquisition of real estate services platform / sellers slow to adjust prices.

Short takes: another Freddie Executive leaves GSE / neighborhood intelligence stops acquisition of real estate services platform / sellers slow to adjust prices. October 5, 2026 Freddie Mac Executive Vice President and Chief Risk Officer Anil Hinduja left the company last week. Get free imfnews updates! The latest mortgage news via email. News tailored to your needs. Get focused coverage. Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.

HousingWire
Sep 17th, 2026
Former Freddie Mac CEO Michael DeVito joins Owens Corning board.

Former Freddie Mac CEO Michael DeVito joins Owens Corning board. DeVito will serve on the audit and finance and technology committees at Owens Corning Article Summary. Owens Corning has elected former Freddie Mac CEO Michael DeVito to its board of directors. DeVito, who previously led Freddie Mac and spent 24 years in senior roles at Wells Fargo Home Lending, ties the building products manufacturer more closely to the housing finance sector amid ongoing market and rate uncertainty. AI Summary Michael DeVito, former CEO of Freddie Mac, has been elected to the Owens Corning board of directors, according to a company announcement. DeVito will serve on the board's audit committee and its finance and technology committee. Owens Corning, based in Toledo, Ohio, is a building products manufacturer focused on roofing, insulation and doors for residential markets in North America and Europe. DeVito has nearly 40 years of experience in housing, consumer finance and risk management. He previously led Freddie Mac, one of the nation's largest housing finance companies, where he emphasized operating performance, risk management and the government-sponsored enterprise's mission to support liquidity, stability and access in the U.S. mortgage market. Before joining Freddie Mac, DeVito spent 24 years at Wells Fargo in senior leadership roles, including as executive vice president and head of home lending, where he oversaw more than 25,000 employees. He currently serves as an independent director at NVR Inc., a New York Stock Exchange-listed homebuilder, where he is a member of the compensation committee. He also advises technology firms in the consumer and home lending sectors. Bringing a former GSE CEO and large-bank mortgage executive onto the board links Owens Corning more directly to the housing finance side of the housing ecosystem. The appointment comes at a time when mortgage rate volatility, credit risk management and long-term demand for new construction remain central issues for lenders, builders and building products manufacturers. "As a company serving primarily residential markets in North America, we will benefit from Michael's deep understanding of the housing ecosystem, market dynamics and the factors that influence long-term demand," Brian Chambers, Owens Corning chair and CEO, said in a statement. "His proven operational leadership and board experience will provide valuable perspective as we continue executing our strategy to accelerate growth and deliver long-term value."

Commercial Real Estate Direct
Sep 15th, 2026
PNC lends $92Mln for Washington, D.C., apartments.

PNC lends $92Mln for Washington, D.C., apartments. Commercial Observer PNC Bank has provided $92 million of construction financing for a 299-unit apartment project in Washington, D.C. United Bank also participated in the five-year loan, which September 15, 2026 The venture that bought the 351-room Hyatt Regency Jersey City hotel four years ago is in talks with its CMBS lenders over a potential modification of the property's $100 million... September 15, 2026 Commercial Observer JE Richards has leased all 935,000 square feet at the recently constructed 211 Centreport Parkway industrial property in Stafford, Va The Lanham, Md, commercial electrical contractor and manufacturer will make data-center... September 15, 2026 Property investor Stockdale Capital Partners has launched a credit platform and plans to lend as much as $300 million in the coming year The Los Angeles investment manager, best known for its opportunistic and value-add investments, has hired Alec... September 15, 2026 Dwight Investment Management has provided $130 million of bridge financing against the 389-unit Saiya apartment property in downtown Phoenix The 23-story building, at 802 North 1st Ave, is in the city's Roosevelt Row area, also known as the Ro... September 15, 2026 Commercial Real Estate Direct Staff Report Regions Bank has provided $9955 million of financing to help fund Fairbourne Properties' $122 million, or $17429/sf, purchase of the 724,400-square-foot Village Crossing retail property in the Chicago... September 15, 2026 Bucks County Courier Times The demolition of most of the Neshaminy Mall in the Philadelphia suburb of Bensalem, Pa, is scheduled to get underway in December The 105 million-square-foot retail property was purchased two years ago by a venture of... September 14, 2026 Commercial Real Estate Direct Staff Report ORIX Real Estate Capital has provided $55 million of mortgage financing against the 200-unit Swell apartments in Seattle The loan, arranged by Newmark, allowed the property's owner, a venture of Mack... September 14, 2026 Philadelphia Business Journal EPR Properties has paid $60 million, or $500/sf, for the 120,000-square-foot retail building occupied by Netflix House in King of Prussia, Pa The Kansas City, Mo, REIT acquired the property from HBC, the former... September 14, 2026 Multi-Housing News JPL Development has secured $483 million of Freddie Mac financing against the Edison at Maple Grove, a 248-unit apartment property in the Minneapolis suburb of Maple Grove, Minn Gantry arranged the 10-year loan, which requires... Recent. September 15, 2026 * Transactions * CMBS * Exec Changes September 15, 2026

HousingWire
Sep 10th, 2026
New credit score pricing grids point to higher borrower costs, report shows.

New credit score pricing grids point to higher borrower costs, report shows. Analyses indicate the newly released pricing grids could make loans more expensive with VS 4.0 Article Summary. Fannie Mae and Freddie Mac released official LLPA grids for Classic FICO and VantageScore 4.0 as FHFA opened VantageScore delivery to all lenders. The GSEs apply VantageScore pricing at a bucket that's 20 points higher than FICO, and third-party analyses find borrower costs are higher in many scenarios, especially cash-out refis. AI Summary Fannie Mae and Freddie Mac have published official pricing grids for single-family mortgages using the traditional Classic FICO and new VantageScore 4.0 models. Early analyses suggest the new credit score model could result in higher borrower costs in many scenarios. The updates, released Wednesday as the Federal Housing Finance Agency (FHFA) opened delivery of VantageScore 4.0 loans to all lenders, formalize a temporary workaround used in a limited rollout: Price adjustments designed for FICO are applied to VantageScore 4.0 at 20 points higher. The top purchase tier for FICO remains 780 and above, which now aligns with an 800-plus VantageScore bucket. According to sources at the government-sponsored enterprises (GSEs), they expect competition between VantageScore and FICO to reduce credit report and borrowing costs over time while making mortgages available for "credit invisible" borrowers by considering rent payments and trended data in new models. Membership Full access Billed annually Membership includes: * | Unlimited access to HousingWire reporting and analysis * | Access to HousingWire Intelligence * | Member-only newsletter * | Event perks Free account Limited access * | Read 2 subscriber-only articles each month