The federal arm of Accenture (NYSE: ACN) has received a potential four-year, $328M contract to help the Department of Veterans Affairs modernize its home loan application management system.
Accenture Federal Services will consolidate the VA Loan Guaranty Service's applications and continue modification and maintenance work on the VA Loan Electronic Reporting Interface-Redesign platform, the company said Wednesday.
AFS will also provide DevSecOps support to LGY as part of the contract, which has a one-year base period and three one-year options.
VALERI-R works as a large-scale data analytics platform that processes and monitors VA home loan applications to track potential foreclosures and defaults.
The company noted that it plans to implement human-centric design principles, datasets and industry standards to automate the delivery of services to veterans while improving customer experience
“By providing LGY with actionable visibility of the entire mortgage lifecycle, we are helping VA transform its veteran home loan experience,” said Shawn Roman, VA client account lead at AFS.
The VA has been working with AFS to update VALERI-R since 2017, according to the company.