Ginnie Mae awards contract to upgrade cloud platform

Ginnie Mae has announced that, in coordination with the General Services Administration, a 10-year, $140 million cloud services contract was awarded to Deloitte (Prime), in partnership with AWS, JHC Technology, and Bank NY Mellon.

In a statement, Ginnie Mae said that the contract will provide for a “more modernized and centrally managed infrastructure platform” that will enable the government corporation to consolidate legacy platforms, improve availability, and provide more reliable and efficient services using cloud native solutions.

“This modernized cloud platform provides the infrastructure and application development environment to support the deployment of Ginnie Mae’s next generation of technology that is designed to maintain a strong mortgage-backed securities program for the government mortgage market,” said Barbara Cooper-Jones, senior vice president at the Office of Enterprise Data and Technology Solutions.

The Department of Housing and Urban Development (HUD) announced a massive update in Ginnie Mae’s securitization platform. HUD awarded Accenture Federal Services (AFS) a five-year contract to provide Ginnie Mae with the information technology software and development services it needs to upgrade its securitization platform technologies.