KPMG, Salient win $94M contract to modernize FHA business processes

KPMG and Salient Federal Solutions have won a $94 million blanket purchase agreement to modernize the Federal Housing Administration’s business processes and technology.

KPMG is prime, and Salient Federal Solutions is its subcontractor.

The BPA is part of the FHA’s Mortgage Risk and Fraud Initiative and will provide new IT solutions that transform business solutions processes and reduce risk to the agency’s insurance fund, the companies said in a release.

KPMG will provide program management, technology consulting, systems integration, systems operations and maintenance, and business transformation services.

Salient will modernize, operate and maintain the applications that the Housing and Urban Development Department uses to administer and manage single and multi-family housing.