FAIRFAX, VA, Sept. 17, 2020 - CGI (NYSE: GIB) (TSX: GIB.A) has been selected by the Government National Mortgage Association (Ginnie Mae) within the U.S. Department of Housing and Urban Development (HUD) to enable the agency's Digital Asset Management Solution (DAMS) through a blanket purchase agreement encompassing one base year and four option years. CGI will help Ginnie Mae establish an enterprise-wide strategy for document, record and content management to support the digital transformation of its operations and enhance the user experience of its stakeholders.
DAMS is a key component of Ginnie Mae's overall systems modernization strategy. CGI will work with the agency to build a strategic roadmap that helps drive the technical direction and integration of the organization's document, records and content management capabilities. Core to this initiative is the digitization of Ginnie Mae's assets and mission-critical information, which will enable data to be more easily searchable, discoverable, and accessible across enterprise systems. This contract follows CGI's award from Ginnie Mae to help modernize its securitization platform technology, processes and related policies.
The roadmap also will support Ginnie Mae's ongoing use and evolution of cloud services and data ingestion automation. In addition, it will enhance the agency's ability to control document and data access in accordance with security and data privacy requirements, such as the National Archives and Records Administration (NARA) guidelines.
"DAMS will enable Ginnie Mae to digitally transform its document and records management operations and prepare for future technology platforms," said CGI Federal Senior Vice-President Stefan Becker. "CGI is proud to help Ginnie Mae modernize its digital asset management operations. This work will help its stakeholders better manage risk and deliver capital to housing markets servicing first time homebuyers, veterans and those in rural America."
Established in 1968 as a wholly-owned government corporation within HUD, Ginnie Mae's mission is to bring global capital into the housing finance system while minimizing risk to the taxpayer. With more than $2 trillion of assets under management, the organization has provided liquidity and stability, serving as the principal financing arm for government mortgage loans and ensuring that mortgage lenders have the necessary funds to provide loans to customers.
About CGI Federal
CGI Federal Inc. is a wholly-owned U.S. operating subsidiary of CGI Inc., dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 77,500 consultants and other professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With Fiscal 2019 reported revenue of C$12.1 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.
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SOURCE CGI Inc.
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