Podcast | June 9, 2021

Today's Market Drives Tomorrow's Servicing Technology

Dave Lucchino
Senior Vice President of Single-Family Operations

Today's Market Drives Tomorrow's Servicing Technology

Dave Lucchino

COVID-19 policy flexibilities for forbearance program have successfully prevented foreclosures, but won’t continue forever, and elevated volumes are driving demand for solutions that optimize mortgage servicing operations— from quick decisions on mortgage assistance options to reimbursement for servicing defaulted properties. In this episode, we sit down with servicing client, Mr. Cooper, to discuss PAID (Payments Automated Intelligent and Dynamic), a new tool that improves the servicer workflow for expense reimbursements.

Dave Lucchino

Senior Vice President of Single-Family Operations

Dave Lucchino is Senior Vice President of Operations and Operational Risk for the Freddie Mac Single-Family Portfolio and Servicing Division. He oversees Servicing Products, Offerings and Operations, Securities Operations, Accounts Receivable and Operational Risk and Compliance. These departments focus on loss mitigation, investor reporting, accounts receivable, operational risk and compliance, back-office support for all mortgage-backed securities and a variety of other critical processes that support Freddie Mac as well as its origination, servicing and investor partners.

Prior to this role, Mr. Lucchino consulted with the Single-Family business, focusing on operations. He leveraged his industry experience to identify and implement numerous opportunities to improve efficiency, reduce credit loss, and improve the experience for Freddie Mac clients.

Throughout his career, Mr. Lucchino has guided global organizations through significant transitions to accelerate the delivery of both corporate and customer goals. He has held senior operational roles in mortgage loan origination and servicing for JPMorgan Chase, CitiMortgage and other industry leaders.

He holds a Bachelor of Science in business and economics from Wilson College.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog.

Today's Market Drives Tomorrow's Servicing Technology

Today's Market Drives Tomorrow's Servicing Technology

Subscription Center