Home equity conversion mortgage (hecm)
Active Definitive Contract Awarded Last action
- Contract number
- 86615324C00012
- Awardee
-
Reverse Market Insight, Inc. UEI KQAMWFTRLSC5
- Awarding agency
-
Information Technology Support
Department of Housing and Urban Development
- Obligated
- $30,945,858
Award facts
- Opportunity
-
- 86615324Q00025 Solicitation number
- Contract value 89% obligated
- $34,584,068.92 Current and potential, with all options
- Completion date 83% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Assistant Secretary for Housing Federal Housing Commissioner Department of Housing and Urban Development
- NAICS code
- 541512 Computer Systems Design Services
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- MONARCH BAY, CA 92629, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $7,251,566 | |
| Funding Only Action | $3,565,392 | |
| Funding Only Action | $3,565,392 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $3,565,392 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $6,710,027 | |
| Original award | $6,288,091 |
About this award
The Department of Housing and Urban Development awarded a $34.6 million definitive contract to Reverse Market Insight, Inc. for Home Equity Conversion Mortgage (HECM) business service provider operations on September 30, 2024, with ultimate completion on March 29, 2027, under firm fixed-price terms and no set-aside.
Reverse Market Insight, Inc. is a minority-owned, SBA-certified 8(a) small disadvantaged business based in Dana Point, California. Place of performance is Monarch Bay, CA.
The contract delivers HECM business service provider administration and oversight support. In FY2025, the contract invoiced $13 million across 21.0 FTEs and 43,680 contractor hours, reflecting a blended government-paid rate of $297.49 per hour. Two subcontractors performed 48 percent of contractor hours, indicating moderate subcontractor engagement.
Quick answers
Who was awarded contract 86615324C00012?
86615324C00012 was awarded to Reverse Market Insight, Inc. by Information Technology Support (Department of Housing and Urban Development) on September 30, 2024.
How much is contract 86615324C00012 worth?
The government has obligated $30,945,858 on 86615324C00012. Its current value, with exercised options, is $34,584,069.
Which agency awarded contract 86615324C00012?
Information Technology Support (Department of Housing and Urban Development) awarded 86615324C00012, with funding from Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
Was contract 86615324C00012 competed?
The extent of competition for 86615324C00012 was not competed. The government received 1 offer.
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