Loudcloud, Qwest to Host Freddie Mac Mortgage Financier Site
📅 - Qwest Cyber Solutions (qwest.com 👉 Total Reviews: 1
🙌 Average Rating: 1 / 10
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👎 Bad Reviews: 1
👈 Official Responses: 0) and Loudcloud Inc. (loudcloud.com), announced on Monday that they have signed a multi-year agreement to provide Web hosting and managed Internet services for Freddie Mac (http://www.freddiemac.com), a leading mortgage financier.
Freddie Mac, a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing, has selected Qwest and Loudcloud to manage and monitor Internet operations for its Home Value Suite (HVSuite) of Web-based products designed to accelerate the process of getting people into homes they can afford and keep.
Freddie Mac, say the companies, will outsource the Web site operations management of HVSuite to Loudcloud and its systems will be run out of Qwest's CyberCenter. The HVSuite includes the company's flagship product, Home Value Explorer, an automated valuation model that provides instant estimates of current residential property values in all 50 states, as well as the District of Columbia.
Lending institutions can use the site's services to create home value estimates for business applications such as processing second mortgages, home equity loans and home equity lines of credit, as well as quality control and loss mitigation.
"Our goal is to bring innovative mortgage products to the market that use technology to simplify the mortgage process," says Bud Sottili, director strategic information services at Freddie Mac. "Loudcloud's automated managed services help us do that and also give us a technically superior architecture that supports our open standards applications. Qwest provides a solid, reliable network to grow the application."
The entire HVSuite, and Home Value Explorer, will be managed and monitored by Loudcloud round the clock, using its Opsware technology to automate a number of manual tasks. Qwest's Cyber Solutions will provide a broadband access solution, including direct access to Qwest's global network and CyberCenter facilities.
The collaborative project is based on a relationship established in August 2001 between Qwest and Loudcloud, forged to help the companies jointly deliver end-to-end managed application hosting by using the CyberCenters of Qwest in North America and KPNQwest in Europe and Loudcloud's managed services offering.
🙌 Average Rating: 1 / 10
👍 Good Reviews: 0
👎 Bad Reviews: 1
👈 Official Responses: 0) and Loudcloud Inc. (loudcloud.com), announced on Monday that they have signed a multi-year agreement to provide Web hosting and managed Internet services for Freddie Mac (http://www.freddiemac.com), a leading mortgage financier.
Freddie Mac, a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing, has selected Qwest and Loudcloud to manage and monitor Internet operations for its Home Value Suite (HVSuite) of Web-based products designed to accelerate the process of getting people into homes they can afford and keep.
Freddie Mac, say the companies, will outsource the Web site operations management of HVSuite to Loudcloud and its systems will be run out of Qwest's CyberCenter. The HVSuite includes the company's flagship product, Home Value Explorer, an automated valuation model that provides instant estimates of current residential property values in all 50 states, as well as the District of Columbia.
Lending institutions can use the site's services to create home value estimates for business applications such as processing second mortgages, home equity loans and home equity lines of credit, as well as quality control and loss mitigation.
"Our goal is to bring innovative mortgage products to the market that use technology to simplify the mortgage process," says Bud Sottili, director strategic information services at Freddie Mac. "Loudcloud's automated managed services help us do that and also give us a technically superior architecture that supports our open standards applications. Qwest provides a solid, reliable network to grow the application."
The entire HVSuite, and Home Value Explorer, will be managed and monitored by Loudcloud round the clock, using its Opsware technology to automate a number of manual tasks. Qwest's Cyber Solutions will provide a broadband access solution, including direct access to Qwest's global network and CyberCenter facilities.
The collaborative project is based on a relationship established in August 2001 between Qwest and Loudcloud, forged to help the companies jointly deliver end-to-end managed application hosting by using the CyberCenters of Qwest in North America and KPNQwest in Europe and Loudcloud's managed services offering.
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