Fannie Mae announced that it  is using Amazon Web Services, Inc., an, Inc. company (AWS) to help solve challenges in housing

Amazon said in a release that Fannie Mae uses the breadth and depth of AWS capabilities, including machine learning, analytics, and high performance and serverless computing to automate processes, enhance IT security, and other services that facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America.

“Our ability to innovate directly improves our ability to meet our housing mission by making it more equitable and affordable to buy or rent a home,” said Kimberly H. Johnson, executive vice-president and chief operating officer for Fannie Mae. “AWS enables Fannie Mae’s ongoing digital transformation, and we rely on their innovative technology and cloud services to drive positive change in our industry.”

Fannie Mae is migrating IT workloads from on-premises data centers to AWS to increase IT agility and resiliency, and accelerate the introduction of new services for lenders and homeowners, the tech firm said. 

By moving internal systems and customer-facing workloads to the cloud, AWS said Fannie Mae will have the flexibility to quickly respond to external challenges like the COVID-19 pandemic and roll out new programs to help keep millions of borrowers and renters in their homes. 

As an example, AWS pointed to the fact that Fannie Mae was able to deploy its forbearance program faster using AWS, initiating 1.4 million single-family forbearance plans since March 2020. 

With Amazon Kinesis (AWS’s real-time, fully managed, and scalable platform for streaming data) and Amazon Aurora (AWS’s relational database built for the cloud) Fannie Mae can ingest, process, and analyze a greater volume of data faster to accelerate the introduction of new services and scale to meet the unprecedented increase in borrower demand, the company said.

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