Accenture Federal Services Awarded HUD BPA to Advance the Modernization of Ginnie Mae’s Securitization Platform
January 08 2020 - 6:59AM
Business Wire
Accenture (NYSE: ACN) has been awarded a position on a blanket
purchase agreement (BPA) to provide the Government National
Mortgage Association (Ginnie Mae) with information technology
software development services and to modernize the proprietary
applications, databases and systems that comprise Ginnie Mae’s
securitization platform technologies.
The $127 million BPA — awarded by the U.S. Department of Housing
and Urban Development (HUD) under which Ginnie Mae operates — is
for a multi-award contract over five years. Accenture Federal
Services (AFS) was one of four contracting firms receiving the
award.
The modernization of Ginnie Mae’s securitization platform
involves applying innovative practices, including Agile software
development, and integrating new technologies, such as robotic
process automation, to upgrade Ginnie Mae’s critical business
operations. The transformation will help Ginnie Mae deliver
increased transparency, improve service delivery to issuers and
investors, and adapt to evolving mortgage industry standards.
“We’re honored to help Ginnie Mae advance the IT transformation
initiatives that are critical to supporting the modernization of
the securitization platform,” said Elaine Beeman, who leads AFS’
civilian portfolio. “We’re bringing together proven commercial
capabilities, significant experience in financial services, and
expertise in federal IT modernization and application development
to help Ginnie Mae scale its capabilities quickly and deliver more
value to their partners and customers.”
To help accelerate Ginnie Mae’s modernization priorities, AFS
will engage the newly expanded Accenture Federal Digital Studio, a
collaborative environment where AFS professionals use the
ground-breaking service design principles of Fjord, Accenture
Interactive’s award-winning design consultancy, to help clients
across all sectors of the federal government create citizen-and
user-centric solutions.
To deliver the full scope of work necessary to modernize Ginnie
Mae’s securitization platform, AFS has teamed with Guidehouse,
which has significant experience within the commercial and federal
financial services industry and also serves as Ginnie Mae’s
securitized transactions financial advisor. In addition,
subcontractor Clarifire will provide its robust workflow automation
platform to provide additional capabilities to Ginnie Mae.
About Accenture Federal Services
Accenture Federal Services, a wholly owned subsidiary of
Accenture LLP, is a U.S. company with offices in Arlington,
Virginia. Accenture’s federal business has served every
cabinet-level department and 30 of the largest federal
organizations. Accenture Federal Services transforms bold ideas
into breakthrough outcomes for clients at defense, intelligence,
public safety, civilian and military health organizations. Learn
more at www.accenturefederal.com.
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions — underpinned by the world’s largest
delivery network — Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With 505,000 people
serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200108005049/en/
Jane Norris Accenture Federal Services +1 571 414 4475
maryjane.o.norris@accenturefederal.com
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