Tysons tech company lands $65M Ginnie Mae task order

MicroTech to provide IT, software consolidation services

Published September 25, 2020 by Sydney Lake

The Government National Mortgage Association (Ginnie Mae) awarded Tysons-based tech company MicroTech a $65 million task order to provide information technology and software consolidation services and support, the company announced Thursday.

Under the task order, MicroTech will perform services to support Ginnie Mae’s mortgage-backed securities platform, including reviewing requirements for new functionality, interfaces and data gathering to support the association’s data center migration, modernization and enhancement efforts.

“MicroTech is excited about supporting the critical work performed by Ginnie Mae, which plays such an important role in our nation’s economy,” MicroTech President and CEO Tony Jimenez said in a statement. “This contract award continues to demonstrate our commitment to quality and excellence and builds upon our already successful performance history of bringing innovation, industry best practices and outstanding quality management processes to our government customers.”

Ginnie Mae serves as the main financing arm for government mortgage loans and ensures mortgage lenders have funds to provide loans to customers. MicroTech’s support will allow Ginnie Mae to keep pace with the growing mortgage-backed securities market, according to a company statement.

Founded in 2004, MicroTech provides IT, cybersecurity, cloud computing and telecommunications services to government agencies as well as public and commercial clients.