Home equity conversion mortgage (hecm)/business service provider (BSP)
Ended Definitive Contract Awarded Last action
- Contract number
- 86615323C00024
- Awardee
-
Reverse Market Insight, Inc. UEI KQAMWFTRLSC5
- Awarding agency
-
Information Technology Support
Department of Housing and Urban Development
- Obligated
- $11,868,908
Award facts
- Opportunity
-
- 86615323R00008 Solicitation number
- Contract value 95% obligated
-
- $11,868,908.00 Current, with exercised options
- $12,477,869.00 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Funding agency
- 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
- Washington, DC 20410, USA
- Legislative mandates
-
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $5,934,454 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Original award | $5,934,454 |
About this award
The Department of Housing and Urban Development (HUD) has awarded a $12,477,869.00 firm fixed price contract for HOME EQUITY CONVERSION MORTGAGE (HECM)/BUSINESS SERVICE PROVIDER (BSP) administration and oversight support services to Reverse Market Insight, Inc. (doing business as Reverse Market Insight In), a small disadvantaged business certified under the SBA 8(a) program. This contract, which does not have a set-aside designation, will provide services to support HUD's HECM reverse mortgage program over a performance period ending on September 29, 2024. Reverse Market Insight has previously provided HECM/BSP, HUD Ginnie Mae issuer stress testing, portfolio advisory, and mortgage-backed securities operations and analytics services to HUD, either directly or as a subcontractor to Deloitte & Touche LLP.
Quick answers
Who was awarded contract 86615323C00024?
86615323C00024 was awarded to Reverse Market Insight, Inc. by Information Technology Support (Department of Housing and Urban Development) on September 30, 2023.
How much is contract 86615323C00024 worth?
The government has obligated $11,868,908 on 86615323C00024. Its potential value, with all options, is $12,477,869.
Which agency awarded contract 86615323C00024?
Information Technology Support (Department of Housing and Urban Development) awarded 86615323C00024, with funding from Department of Housing and Urban Development.
Was contract 86615323C00024 competed?
The extent of competition for 86615323C00024 was not competed. The government received 1 offer.
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