FHA total mortgage scorecard
Active Definitive Contract Awarded Last action
- Contract number
- 86614623C00001
- Awardee
-
Integrated Financial Engineering Inc. UEI C8TYE2STK6M7
- Awarding agency
-
Fort Worth Regional Office
Department of Housing and Urban Development
- Obligated
- $2,354,437
Award facts
- Opportunity
-
- FHA TOTAL Mortgage Scorecard Solicitation · 86614623Q00001 · Posted Nov 17, 2022
- Contract value 79% obligated
-
- $2,354,436.96 Current, with exercised options
- $2,972,767.96 Potential, with all options
- Completion date 76% complete
-
- Current, with exercised options
- Potential, with all options
- Funding agency
- Assistant Secretary for Policy Development and Research Department of Housing and Urban Development
- NAICS code
- 541990 All Other Professional, Scientific, and Technical Services
- Set-aside
- Total Small Business
- Competition
- Competed under SAP · 2 offers Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Rockville, MD 20850, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | -$0 | |
| Exercise an Option | $606,207 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $594,320 | |
| Exercise an Option | $582,667 | |
| Other Administrative Action | $0 | |
| Original award | $571,243 |
About this award
The Department of Housing and Urban Development awarded a $2.97 million definitive contract to Integrated Financial Engineering Inc. for ongoing performance evaluations and re-estimation of the Federal Housing Administration's TOTAL Mortgage Scorecard algorithms on January 1, 2023, under a total small business set-aside.
Integrated Financial Engineering Inc. is a minority-owned, Asian-Pacific American-owned organization. The originating solicitation, posted November 17, 2022, with responses due November 30, 2022, requires the contractor to use FHA loan data and credit histories from 1997 to present to reassess the scorecard's performance in predicting loan defaults, claims attributable to borrower credit issues, and fair lending impacts. The contractor must also provide alternative algorithm formulations and a final report. Place of performance is Rockville, MD. The period of performance runs one base year plus four option years, with an ultimate completion date of December 31, 2027. The contract is firm fixed price under NAICS 541990 (All Other Professional, Scientific, and Technical Services).
Through fiscal year 2025, the contract has invoiced $388 thousand in FY2024 (1.7 FTEs, 3,613 contractor hours at $107.40 per hour) and $583 thousand in FY2025 (1.5 FTEs). The awardee self-performed all reported work with no subcontractors.
Quick answers
Who was awarded contract 86614623C00001?
86614623C00001 was awarded to Integrated Financial Engineering Inc. by Fort Worth Regional Office (Department of Housing and Urban Development) on January 1, 2023.
How much is contract 86614623C00001 worth?
The government has obligated $2,354,437 on 86614623C00001. Its potential value, with all options, is $2,972,768.
Which agency awarded contract 86614623C00001?
Fort Worth Regional Office (Department of Housing and Urban Development) awarded 86614623C00001, with funding from Assistant Secretary for Policy Development and Research (Department of Housing and Urban Development).
Was contract 86614623C00001 competed?
The extent of competition for 86614623C00001 was competed under sap. The government received 2 offers. It was set aside: Total Small Business.
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