Ginnie Mae has tapped IT consulting firm CGI Federal to modernize its suite of software applications.
CGI received a multi-award Blanket Purchase Agreement (BPA) from Ginnie Mae to provide it with comprehensive software development services to create a digital platform for both its new and existing applications.
Ginnie Mae said that modernizing its platform, processes, and related policies would not only allow it to work more efficiently with stakeholders, but also better manage risk and deliver capital to housing markets nationwide.
Additionally, the software development services contract will also help improve Ginnie Mae's user experience, increasing transparency and service delivery.
"This win draws upon our deep experience in the banking industry and extends our footprint into the government's hallmark housing program," CGI Federal President Tim Hurlebaus said. "We fully expect that our comprehensive approach and global presence and experience in the banking and securitization markets—coupled with our strong record of on-time, on-budget delivery and high customer satisfaction scores—will help Ginnie Mae successfully bring its mortgage securitization application offerings into the future."