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Freddie Mac Interview Exam Latest Update
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Freddie Mac Interview Exam Latest UpdateTell Me About Yourself. -Answer I am currently completing my Master's in Information
Systems with an IT focus. This program has given me a great deal of experience using
the Systems Development lifecycle, from doing functional requirements to coding, and
finally implementation. My final project was a task management program that my group
and I created as we went through the entire systems development lifecycle. I have a
rather versatile background, both technically and business-related, with experience in the
IT field through working in a group to upgrade computer systems for an organization,
through technical support where I was faced with many problems on a consistent basis;
this will mean a lot because it taught me about technology and problem-solving. This
above background should, I hope, make me an invaluable member of the Freddie Mac
team as a Technology Analyst.
Why do you want to work for freddie mac? - Answer I chose this position originally
because, coming out of Master's program, it meets all of my expectations of what I'm
looking for in a company. Working at Freddie Mac will put into practice everything I
learned at a graduate level. I have done so much research on the company, and I know
it's an organization in which I can work creatively and passionately as a team member,
which is what I specifically look for in a career. I firmly believe that Freddie Mac provides
the best avenue for a career start within Information Technology.
Questions for the Interviewer: - I read an article on your website; it actually talked about
how Freddie Mac is changing technology for the 2nd market. The article specified that
within only the last two years, the company has realized a 56 percent leap in computing
power and a 50 percent leap in storage capacity. That is great, and I would certainly like
to understand more of the different ways Freddie Mac is developing the use of
technology throughout the organization.
Tell me something about Freddie Mac: - Answer Freddie Mac is a government-sponsored
organization dedicated to keeping money flowing to mortgage lenders in an effort to
further facilitate home ownership and rental housing.
-The company ensures that the financial institutions have money for mortgages to lend
-They make it easier for the consumer to afford a decent house or apartment
, -They stabilize residential mortgage markets in times of financial crisis
Their mission is: to provide liquidity, stability and affordability to the U.S housing market
Risk of change in your project?-Answer For risks that would have a severe impact on
achieving the project objective, I would identify the likelihood and magnitude of the
impact the risks would pose on the project objective. Next, I will go on to prioritize the
risks based on the likelihood and degree of impact.
I would create a risk assessment matrix where I could place the risks in order from high
to low priority and denote a plan for responding to those particular risks.
Once prioritized, I would develop a risk response plan for each of them to have a set of
actions that seek to prevent or reduce the likelihood and degree of impact and develop a
plan if the risk event occurs.
I would also avoid the risk, according to the risk assessment matrix, or the
likelihood/degree of the event, mitigate it, or just accept it.
-Identify risks with their potentials for impacts at the beginning of the project
-involve the project team or experts in assessing those risks
-assign high priority to risks that are most likely to occur and with a high potential to
impact the project outcome.
-develop plans to respond to high-priority risks
What is a Test Plan? - Answer A document describing a systematic process of testing of
a system such as software program. It includes in-depth knowledge of workflow.
It basically describes the scope, approach, resources, and schedule for intended testing
activities. This process explains test items, features to be tested, testing tasks entailed,
who shall perform each task, and risks needing contingency planning.
How the testing will proceed, by whom the testing will be done, what shall be tested, in
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