The U.S. Department of Agriculture (USDA) announced this week that it has awarded technology services firm Phoenixteam a $49 million contract to modernize its mortgage underwriting platform, the Guaranteed Underwriting System (GUS).

The Arlington, V.A.-based company will overhaul GUS, which supports USDA’s guaranteed loan program for rural and farming communities. Phoenixteam said the updates will expand lender participation and improve access to affordable housing in underserved areas.

“This award is about more than technology — it’s about access to homeownership,” said Phoenixteam CEO Tanya Brennan. “By modernizing USDA’s Guaranteed Underwriting System, we make it easier for lenders to deliver this product, details ⇒

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