"I am pleased to welcome him back to the company," says president
Freddie Mac has tapped seasoned mortgage executive Ravi Shankar to lead the company’s single-family portfolio and servicing unit.
As head of the division, Shankar will be in charge of the portfolio management, servicing, operations, and technology of Freddie Mac’s single-family business while supporting the firm’s Mac’s mission of providing affordable and equitable housing. Shankar brings over 30 years of experience and is also a member of the company’s senior operating committee.
“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 Freddie Mac president Mike Hutchins. “I look forward to working with this talented executive as we continue to fulfill Freddie Mac’s important mission of making home possible.”
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Shankar joined Freddie Mac in 2013, serving as senior vice president for single-family portfolio management until 2016. He was then promoted to deputy head of investment and capital markets, a role in which he led several key company initiatives. In 2019, Shankar departed Freddie Mac and held senior advisor positions at Boston Consulting Group and United Wholesale Mortgage.
Before Freddie Mac, Shankar spent seven years at JP Morgan Chase in a number of C-suite roles, including chief financial officer, head of capital markets, and portfolio manager at Chase Home Finance. Prior to that, Shankar worked in various senior positions at Citigroup for 16 years.
