The national servicing center loan servicing
Ended Definitive Contract Awarded Last action
- Contract number
- 86614919C00003
- Awardee
-
Novad Management Consulting LLC UEI DDZBCZ4K2DN3
- Awarding agency
-
Real Estate Assessment Center
Department of Housing and Urban Development
- Obligated
- $31,946,374
Award facts
- Opportunity
-
- 86614919R00006 Solicitation number
- Contract value 100% obligated
- $31,946,374.01 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
- Oklahoma City, OK 73102, 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 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $13,691,304 | |
| Funding Only Action | $551,292 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $9,127,535 | |
| Original award | $8,576,243 |
About this award
This is a $31,946,374.01 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, for-profit limited liability company certified as a Disadvantaged Business Enterprise (DBE). The contract is for loan servicing support for HUD's Secretary-Held mortgages under the National Servicing Center Loan Servicing program. This is not a set-aside contract. Novad Management Consulting LLC has previously been awarded other HUD loan servicing contracts, including a $44.2 million contract for servicing Partial Claim, Title II Assignment, and Emergency Home Loan Program mortgages, as well as a $22 million contract for servicing Home Equity Conversion Mortgages. The contract has an ultimate completion date of October 17, 2020.
Quick answers
Who was awarded contract 86614919C00003?
86614919C00003 was awarded to Novad Management Consulting LLC by Real Estate Assessment Center (Department of Housing and Urban Development) on August 14, 2019.
How much is contract 86614919C00003 worth?
The government has obligated $31,946,374 on 86614919C00003.
Which agency awarded contract 86614919C00003?
Real Estate Assessment Center (Department of Housing and Urban Development) awarded 86614919C00003, with funding from Housing Office of Single Family Housing (Department of Housing and Urban Development).
Was contract 86614919C00003 competed?
The extent of competition for 86614919C00003 was not competed. The government received 1 offer.
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