HUD Awards Accenture Federal $127M BPA to Modernize Ginnie Mae’s Securitization Platform; Elaine Beeman Quoted

3 mins read

Accenture Federal Services (AFS) has received a $127 million blanket purchase agreement (BPA) from the U.S. Department of Housing and Urban Development (HUD) to provide information technology (IT) software development services for Government National Mortgage Association (Ginnie Mae), the company announced on Wednesday

“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,” said Elaine Beeman, leader of AFS’ civilian portfolio.

The company will supply Ginnie Mae with Agile software development services and will modernize the proprietary applications, databases and systems to improve the security of the association’s technology. AFS will also deliver increased transparency, improve service delivery to issuers and investors, and adapt to evolving mortgage industry standards.

AFS will work to engage Accenture Federal Digital Studio, Accenture Interactive’s design consultancy that utilizes service design principles of Fjord, to help clients across all sectors of the federal government to create citizen and user-centric solutions.

In order to expedite Ginnie Mae’s modernization priorities, AFS has partnered with Guidehouse to deliver the full scope of work and bring the latter’s experience within the commercial and federal financial services sectors to accelerate the BPA. Guidehouse has also served as Ginnie Mae’s securitized transactions financial advisor. 

“We’re honored to help Ginnie Mae advance the IT transformation initiatives that are critical to supporting the modernization of the securitization platform,” Beeman concluded.

HUD has also awarded KPMG a potential $127 million BPA to help Ginnie Mae update IT platforms used to process mortgage loans, the company announced in Jan. 2020

KPMG will develop software applications for Ginnie Mae to manage system updates, customer experience and regulatory compliance. 

Chris Marston, advisory industry leader for KPMG's federal government practice, said the company has provided IT modernization and software development support to HUD over the past decade.

"Being selected for this BPA is particularly gratifying because it gives us the opportunity to continue serving the IT needs of HUD and Ginnie Mae so they can deliver on their missions," Marston added.

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 serves 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.

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