National servicing center loan servicing
Ended Definitive Contract Awarded Last action
- Contract number
- 86548B18C00004
- Awardee
-
Novad Management Consulting LLC UEI DDZBCZ4K2DN3
- Awarding agency
-
Real Estate Assessment Center
Department of Housing and Urban Development
- Obligated
- $23,039,215
Award facts
- Opportunity
-
- 86548B18R00005 Solicitation number
- Contract value 100% obligated
- $23,039,215.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Funding agency
- Housing Office of Single Family Housing Department of Housing and Urban Development
- NAICS code
- 522390 Other Activities Related to Credit Intermediation
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Hyattsville, MD, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Exercise an Option | $6,000,000 | |
| Exercise an Option | $6,000,000 | |
| Original award | $11,039,215 |
About this award
This is a firm fixed price definitive contract awarded by the U.S. Department of Housing and Urban Development (HUD) to Novad Management Consulting LLC, a minority-owned and Disadvantaged Business Enterprise (DBE) limited liability company. The $23,039,215.00 contract is for National Servicing Center Loan Servicing, providing specialized loan servicing support for various HUD programs including Home Equity Conversion Mortgages (HECMs), Partial Claim mortgages, Title II Assignment mortgages, and mortgages associated with the Emergency Home Loan Program. Novad Management Consulting was the incumbent contractor for these loan servicing functions. The contract does not have a set-aside designation.
Quick answers
Who was awarded contract 86548B18C00004?
86548B18C00004 was awarded to Novad Management Consulting LLC by Real Estate Assessment Center (Department of Housing and Urban Development) on September 26, 2018.
How much is contract 86548B18C00004 worth?
The government has obligated $23,039,215 on 86548B18C00004.
Which agency awarded contract 86548B18C00004?
Real Estate Assessment Center (Department of Housing and Urban Development) awarded 86548B18C00004, with funding from Housing Office of Single Family Housing (Department of Housing and Urban Development).
Was contract 86548B18C00004 competed?
The extent of competition for 86548B18C00004 was not competed. The government received 1 offer.
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