National loan servicing support services
Ended Definitive Contract Awarded Last action
- Contract number
- DU208WR14C01
- Awardee
-
Novad Management Consulting LLC UEI DDZBCZ4K2DN3
- Awarding agency
-
Real Estate Assessment Center
Department of Housing and Urban Development
- Obligated
- $39,431,023
Award facts
- Opportunity
-
- DU208WR13R0005 Solicitation number
- Loan servicing support services Award Notice · Posted Jun 4, 2013
- Loan Servicing Award Notice · Posted Feb 20, 2013
- Contract value 65% obligated
-
- $39,431,022.78 Current, with exercised options
- $60,251,640.94 Potential, with all options
- Completion date 100% complete
-
- Current, with exercised options
- 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
- R799 Support- Management: Other
- Set-aside
- Competitive 8(a)
- Competition
- Full and Open Competition after exclusion of sources · 9 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Hyattsville, MD, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Exercise an Option | $6,500,000 | |
| Change Order | $500,000 | |
| Change Order | $500,000 | |
| Change Order | $807,441 | |
| Change Order | $0 | |
| Exercise an Option | $10,134,683 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $10,048,423 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $1,140,475 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $9,800,000 |
Show all 17
About this award
This contract was awarded by the U.S. Department of Housing and Urban Development (HUD) to Novad Management Consulting LLC, a minority-owned, for-profit limited liability company certified as a Disadvantaged Business Enterprise (DBE). The $60,251,640.94 definitive contract is for National Loan Servicing Support Services, which involves providing loan servicing support for various HUD programs including Home Equity Conversion Mortgage (HECM) loans, Partial Claim mortgages, Title II Assignment mortgages, and mortgages associated with the Emergency Home Loan Program. The contract was competitively awarded under the 8(a) set-aside program and has a period of performance through April 17, 2019. Novad Management Consulting LLC has provided similar loan servicing support to HUD's Office of Single Family Housing through multiple previous contract awards.
Quick answers
Who was awarded contract DU208WR14C01?
DU208WR14C01 was awarded to Novad Management Consulting LLC by Real Estate Assessment Center (Department of Housing and Urban Development) on April 18, 2014.
How much is contract DU208WR14C01 worth?
The government has obligated $39,431,023 on DU208WR14C01. Its potential value, with all options, is $60,251,641.
Which agency awarded contract DU208WR14C01?
Real Estate Assessment Center (Department of Housing and Urban Development) awarded DU208WR14C01, with funding from Housing Office of Single Family Housing (Department of Housing and Urban Development).
Was contract DU208WR14C01 competed?
The extent of competition for DU208WR14C01 was full and open competition after exclusion of sources. The government received 9 offers. It was set aside: Competitive 8(a).
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