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Mortgage Company Cashes in on Web Services: Page 15 of 16

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Web Services Won't Kill Mainframes

Before Freddie Mac started down the Web services path, it had hundreds of mainframe applications. Many are still running and won't be replaced even when more Web applications are brought online. That's because Web apps are just one way for Freddie Mac to do business with its customers.

"The Web is nothing more than an electronic channel and another way to enter trades into our system," says Bill DeLeo, vice president and business information officer for Freddie Mac's investment and capital markets division. "We are using the Web to deliver current products to new markets, to expand the number of dealers that we work with. We are using the Web to enhance our current system, not to replace mainframes."