HUD awards Fairfax firm $42M contract
Pyramid Systems to migrate loan processing system to cloud
The U.S. Department of Housing and Urban Development awarded Fairfax-based tech contractor Pyramid Systems a two-year, $42 million contract to migrate loan processing system applications to cloud computing infrastructure designed for government use, the company announced Wednesday.
Pyramid Systems will use Salesforce to restructure existing software code for the Federal Housing Administration’s (FHA) legacy information systems to help the agency migrate to Amazon Web Services’ GovCloud platform.
“Pyramid has supported HUD’s mission for 25 years and has extensive knowledge of its technology, people and processes,” Pyramid Systems President and co-founder Sherry Hwang said in a statement. “We are thrilled to partner with HUD and help move the agency beyond mainframes into the cloud while digitizing manual processes.”
The company last summer helped the agency to transform the FHA’s legacy system.
“Pyramid has recently supported HUD with the modernization of Salesforce technology via supplemental claims MVP, which allows mortgage lenders to submit supplemental claims online in 17 minutes and receive payment in days versus the previous 17-month paper process,” Hwang said in a statement. “HUD is swiftly advancing toward a next-generation agency, and we are so excited to be a partner with them on this journey.”
Founded in 1995, Pyramid Systems provides cloud, analytics and advanced technology services.