“Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), has been awarded a contract to support operations, security, and modernization of the technology applications of the U.S. Department of Veterans Affairs (VA) Loan Guaranty Service (LGY) and to transform the VA home loan program for veterans by building more tailored solutions to enable better outcomes. The contract is valued at up to $328 million and runs for one base year, with three one-year options.”
“Awarded by VA’s Office of Information and Technology (OIT) and LGY, the development, security, operations (DevSecOps) contract consolidates VA applications that manage the end-to-end LGY lifecycle. Maintaining operations, security and modernization of all LGY systems into an integrated LGY Product Line will provide greater visibility across the program and throughout the value chain. This transformation is designed to enable the VA to be more responsive to veterans, system users, and lenders, while capitalizing on mortgage industry shifts in data collection…”
“The work under the new contract will provide transparency and data insights to help veterans make informed, low-risk decisions regarding their home loans. AFS will incorporate human-centered design, leverage Mortgage Industry Standards Maintenance Organization datasets and bring enhanced partner integrations to the LGY product line of applications that automate the delivery of benefits to veterans. The end goal is to improve the customer and end-user experience…” Read the full press release here.
Source: Accenture Federal Services Wins $328 Million Contract to Help VA Modernize and Improve the Veteran Home Loan Experience – July 29, 2020. Accenture Federal Services.
Accenture was recently named to the updated list of NXT UP firms poised to make big waves in the Federal sector in 2020 and for years to come.