Hecm loan comparison and underwriting tool (hlcut)
Active Definitive Contract Awarded Last action
- Contract number
- 86615624C00012
- Awardee
-
Reverse Market Insight, Inc. UEI KQAMWFTRLSC5
- Awarding agency
-
Federal Housing Administration Support
Department of Housing and Urban Development
- Obligated
- $1,080,141
Award facts
- Opportunity
-
- HECM Loan Comparison and Underwriting Tool (HLCUT) for Home Equity Conversion Mortgage (HECM) Solicitation · 86615624R00007 · Posted Jun 20, 2024
- Contract value 58% obligated
-
- $1,080,141.33 Current, with exercised options
- $1,859,675.84 Potential, with all options
- Completion date 41% complete
-
- Current, with exercised options
- Potential, with all options
- Funding agency
- Office of the Inspector General Department of Housing and Urban Development
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- Set-aside
- Total Small Business
- Competition
- Full and Open Competition after exclusion of sources · 5 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Alameda, CA 94501, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $364,967 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $351,699 | |
| Original award | $363,474 |
About this award
The Department of Housing and Urban Development awarded a $1,859,675.84 definitive contract to Reverse Market Insight, Inc. for development and maintenance of the HECM Loan Comparison and Underwriting Tool (HLCUT) on September 30, 2024, under a total small business set-aside. Reverse Market Insight, Inc. is a minority-owned, self-certified small disadvantaged business and SBA-certified 8(a) corporation.
The originating solicitation, posted June 20, 2024, sought a contractor to deliver a secure online HLCUT platform for Home Equity Conversion Mortgage roster counselors. The tool must provide calculations across all HECM loan products, including costs, amortization schedules, and tracking of required client questions during counseling sessions. Deliverables include system delivery within 60 days, online training, updates without service interruption, and monthly reporting.
Place of performance is Alameda, CA 94501. The contract is firm fixed price with a 12-month base period and four 12-month option periods, extending through September 29, 2029. The NAICS code is 541611 (Administrative Management and General Management Consulting Services). In FY2025, the contract invoiced $322 thousand across 1.5 FTEs with no subcontractors; the prime self-performed all work.
Quick answers
Who was awarded contract 86615624C00012?
86615624C00012 was awarded to Reverse Market Insight, Inc. by Federal Housing Administration Support (Department of Housing and Urban Development) on September 30, 2024.
How much is contract 86615624C00012 worth?
The government has obligated $1,080,141 on 86615624C00012. Its potential value, with all options, is $1,859,676.
Which agency awarded contract 86615624C00012?
Federal Housing Administration Support (Department of Housing and Urban Development) awarded 86615624C00012, with funding from Office of the Inspector General (Department of Housing and Urban Development).
Was contract 86615624C00012 competed?
The extent of competition for 86615624C00012 was full and open competition after exclusion of sources. The government received 5 offers. It was set aside: Total Small Business.
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