An example of a company trying to d

An example of a company trying to develop software that will provide it with a significant competitive advantage is Fannie Mae. It is in the midst of a multiyear, multi-million-dollar systems development project. The new system will encompass the entire life cycle of a loan, from providing potential lenders with information on all the different types of home loans, to helping them apply for the loans, to granting the loans, to informing the borrowers they have been accepted or rejected for a loan, to packaging loans into mortgage-backed securities for sale to investors. This will provide Fannie Mae with unique customer service and cost advantages.