This is a $48,857,078.00 firm fixed-price definitive contract awarded by the U.S. Department of Housing and Urban Development (HUD) to Compu-Link Corporation, doing business as Celink, for the Home Equity Conversion Mortgage (HECM) program. The HECM program enables seniors to convert equity in their homes into monthly income or lines of credit. Celink, a subservicer of reverse mortgages, has been awarded multiple HECM contracts by HUD ranging from $34.2 million to $34.3 million with performance periods from 2022 to 2024. This latest award has an ultimate completion date of November 11, 2025. The contract did not have any set-aside designation.
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