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HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF has floated a tender for Home Equity Conversion Mortgage (HECM) insurance program. The project location is USA and the tender is closing on 06 Dec 2024. The tender notice number is NOF-FY25-01, while the TOT Ref Number is 110873673. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : USA
Summary : Home Equity Conversion Mortgage (HECM) insurance program
Deadline : 06 Dec 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 110873673
Document Ref. No. : NOF-FY25-01
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
Description
FHA-s current Home Equity Conversion Mortgage (HECM) insurance program utilizes the Home Equity Reverse Mortgage Information Technology (HERMIT) system, provided by Reverse Market Insight, Inc. FHA is considering dividing this large contract into two separate contracts.
Single Family HECM Services (NOF-25-01): FHA Single Family requires Software as a Service (SaaS) for management of its HECM endorsed and assigned portfolio servicing activities, along with the functions for loan setup and assignment claim (claim type 22) processing. These services will include enhanced features for lenders and HUD staff, including a borrower portal and self-service reports.
Accounting Services (NOF-25-002): FHA requires Software as a Service (SaaS) for its traditional HECM accounting activities, including MIP calculation and collection, notes disbursement, plus the processing of claim types 21, 23, and 24, and claims calculation and disbursement functions.
FHA is looking for technical application services that meet Federal Risk and Authorization Management Program (FedRAMP) requirements at the Moderate impact level and other Federal Government cybersecurity and privacy requirements.
HUD received an unanticipated number of questions in response to its sources sought notice and finds it inappropriate to respond at this time. As market research progresses, HUD expects to provide additional information. Respondents are invited to submit capability statements and responses to HUD-s questionnaire via email to david.y.kim@hud.gov, with a cc to dwayne.e.gist@hud.gov, no later than Friday, December 6, 2024, 2:00 PM Eastern Standard Time for consideration.
Active Contract Opportunity
Notice ID : NOF-FY25-01
Related Notice
Department/Ind. Agency : HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF
Sub-tier : HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF
Office: CPO : RESEARCH AND COMMUNITY SUPPOR
General Information
Contract Opportunity Type: Sources Sought (Updated)
Updated Published Date: Nov 27, 2024 07:58 am EST
Original Published Date: Oct 31, 2024 08:35 am EDT
Updated Response Date: Dec 06, 2024 02:00 pm EST
Original Response Date: Nov 29, 2024 02:00 pm EST
Inactive Policy: 15 days after response date
Updated Inactive Date: Dec 21, 2024
Original Inactive Date: Dec 14, 2024
Initiative: None
Classification
Original Set Aside:
Product Service Code: DA10 - IT AND TELECOM - BUSINESS APPLICATION/APPLICATION DEVELOPMENT SOFTWARE AS A SERVICE
NAICS Code: 518210 - Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
Place of Performance: Washington, DC 20410 USA
Documents
Sources-Sought-Notice-HECM.pdf
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