Salient CRGT Awarded $47M Prime Contract to Provide O&M and DME to Housing and Urban Development
FAIRFAX, Va., March 1, 2018 /PRNewswire/ -- The Department of Housing and Urban Development (HUD) is working to strengthen the housing market to bolster the economy and protect consumers. HUD's Computerized Home Underwriting Management System (CHUMS) provides the insurance underwriting for all Single Family HUD-insured loans, and enables lenders to place their risk on the Federal Government.
As a prime contractor, Salient CRGT was awarded the CHUMS, FHA Connection and Housing Counseling O&M and DME support contract under its Alliant contract vehicle. This contract is valued at approximately $47 million.
Under this contract, Salient CRGT will provide extensive knowledge of HUD business processes and its software engineering experience to continue to modernize, operate, and maintain the applications that HUD uses. HUD expects to transform the way data is collected from the industry by moving to collection of electronic documents utilizing industry standards and protocols. At the same time HUD must move away from its aging mainframe technology.
"Salient CRG is honored to assist HUD in these and other efforts and ensure operations continue to run smoothly and services are delivered to the U.S. Housing industry," said Tom Ferrando, President of Salient CRGT.
"Salient CRGT and HUD have a long and proven partnership. This contract represents the level of trust that we have built with HUD," said Brad Antle, CEO of Salient CRGT. "We look forward to maintaining HUD's critical Housing Management systems and helping HUD utilize housing as a platform for improving quality of life and transform the way HUD does business."
About Salient CRGT
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SOURCE Salient CRGT, Inc.