This is a firm-fixed-price contract awarded by the U.S. Department of Housing and Urban Development (HUD) to It Data Consulting LLC (ITDC), an SBA-certified 8(a) small disadvantaged business, to provide actuarial review services for HUD's Single-Family Forward Mortgage and Home Equity Conversion Mortgage (HECM) portfolios. The contract has a ceiling value of $8,561,972.35 and a performance period through February 7, 2028.
The contract requires ITDC to develop four modules for each portfolio to estimate the economic value of the Federal Housing Administration Mutual Mortgage Insurance Fund (MMIF). This requirement was initially issued as a pre-solicitation notice in March 2022, seeking proposals for the actuarial review services on a competitive 8(a) set-aside basis. ITDC, as an 8(a) certified small disadvantaged business, was awarded this prime contract to deliver the requested services.
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