Home equity conversion mortgage (HECM)
Active Definitive Contract Awarded Last action
- Contract number
- 86614925C00001
- Awardee
-
Compu-Link Corp UEI X3YNUCZD67A6
- Awarding agency
-
Philadelphia Operations Branch
Department of Housing and Urban Development
- Obligated
- $110,034,050
Award facts
- Opportunity
-
- Home Equity Conversion Mortgage (HECM) Justification Sole Source Special Notice · 86614924R00002 · Posted Oct 31, 2024
- Contract value 100% obligated
- $110,034,050.00 Current and potential, with all options
- Completion date 88% 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
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Tulsa, OK 74133, 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 | $8,025,000 | |
| Exercise an Option | $16,050,000 | |
| Supplemental Agreement for work within scope | $23,510,898 | |
| Exercise an Option | $18,056,352 | |
| Funding Only Action | $12,156,599 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $10,647,668 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $10,333,333 | |
| Original award | $11,254,200 |
About this award
The Department of Housing and Urban Development's Office of Single Family Housing awarded a $110.034 million definitive contract to Compu-Link Corp (doing business as G-Link Government Solutions) for Home Equity Conversion Mortgage (HECM) servicing on November 8, 2024, under a sole-source justification citing the exception that only one responsible source can satisfy agency requirements under FAR 6.302-1.
The originating solicitation, posted as a special notice on October 31, 2024, seeks servicing of a portfolio exceeding 100,000 HECM loans, along with FHA-insured and Secretary-held first, second, and subordinate notes and mortgages. Place of performance is Tulsa, OK. The contract carries a firm fixed-price structure with an ultimate completion date of February 11, 2027, structured as a 3-month base period and 9-month option period. The requirement falls under NAICS 522390 (Other Activities Related to Credit Intermediation). Compu-Link Corp, headquartered in Lansing, Michigan, operates through its Celink division and has concentrated its federal portfolio exclusively on HECM program administration for HUD across multiple prior firm fixed-price contracts.
Quick answers
Who was awarded contract 86614925C00001?
86614925C00001 was awarded to Compu-Link Corp by Philadelphia Operations Branch (Department of Housing and Urban Development) on November 8, 2024.
How much is contract 86614925C00001 worth?
The government has obligated $110,034,050 on 86614925C00001.
Which agency awarded contract 86614925C00001?
Philadelphia Operations Branch (Department of Housing and Urban Development) awarded 86614925C00001, with funding from Housing Office of Single Family Housing (Department of Housing and Urban Development).
Was contract 86614925C00001 competed?
The extent of competition for 86614925C00001 was not competed. The government received 1 offer.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award