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Aerial View of a Houses

Managing a Successful Transition away from COFI

Potomac Point Group (PPG) was engaged by a top public GSE and their Multifamily Technology team to coordinate and support the transition of all deals based on COFI-based products to a new replacement rate.

Project Management - COFI Transition

   Project Background    

Per the cessation of the Federal Cost of Funds Index (COFI), Potomac Point Group (PPG) was engaged by a top public government sponsored enterprise (GSE) and their Multifamily Technology team to coordinate and support the transition of all deals based on COFI-based products to a new replacement rate.

 

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To ensure that Multifamily Technology was prepared for COFI cessation, PPG partnered with the program sponsor to work to ensure that all business processes and functional capabilities would operate seamlessly following COFI cessation.

   Project Outcomes   

Due to this industry-wide shift, our program team was engaged to support the adoption of the new institutional rate, “Enterprise 11th District COFI Institutional Replacement Index,” updating the underlying technology systems and their data consumption appropriately. Our team also supported integrated End-to-End testing, coordinating efforts across the Enterprise, as well as operational readiness support at the time of transition.

   PPG Engagement  
Planned and executed end-to-end integration testing in coordination with Single Family across 30 impacted applications, distributing status updates each day 
Communicated monthly updates to senior management stakeholders, creating dashboards reporting on overall status, risks / issues, and decisions
Facilitated program increment planning meetings across 14 impacted applications. Managed project plan, schedule, and requirements for the applications’ development
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