The Department of Housing and Urban Development (HUD) awarded an Indefinite Delivery Contract to Information Systems & Networks Corporation (ISN), a small Subchapter S Corporation, to provide Mortgagee Compliance Manager (MCM) 3.0 software and services. The contract has a potential value of $39,120,420 and a period of performance through May 31, 2025.
Under this IDC, HUD has issued multiple delivery orders to ISN totaling over $27 million to date. The delivery orders require ISN to provide MCM 3.0 services to support HUD's Assistant Secretary for Housing Federal Housing Commissioner, including pre- and post-conveyance activities associated with claims, acquisition, and disposition of FHA single family assets, as well as ongoing development and operation of the MCM 3.0 web-based compliance monitoring system. The work is being performed at ISN's facility in Westlake, Maryland. This IDC contract vehicle allows HUD to continue obtaining these critical mortgage compliance management services from ISN on a recurring basis.
Generated 5/4/24, 9:04 AM