Nationwide Default Management Services (NDMS)

The Department of Agriculture Rural Housing Service awarded the Nationwide Default Management Services Master IDIQ on February 27, 2023, with a $1 billion shared ceiling and ordering authority through February 26, 2033. Six years and seven months of ordering time remains active.

The vehicle contracts nationwide default management services encompassing foreclosure and legal work, appraisal, real estate owned disposition, and property preservation, primarily supporting the Rural Housing Service's single-family direct loan portfolio. Two primes split the awarded work evenly: Information Systems & Networks Corporation holds three orders valued at $209.6 million combined potential, and Dawson's Realty & Mortgages, Inc., holds three orders valued at $249 million combined potential. All six task orders are unrestricted, with no set-aside activity to date.

Combined task-order potential value stands at $458.6 million, with 100 percent of that amount already obligated across the award base. Ordering momentum has slowed materially: the vehicle generated four orders in its first year (2023) and only two orders in 2024. The two most recent awards, issued in July 2024, were administrative travel orders valued at $2,314.34 and $5,600 respectively; the substantive work orders are both large, multi-year preservation and REO services contracts awarded in June 2023 to Information Systems & Networks Corporation ($209.3 million, performance through March 31, 2026) and Dawson's Realty & Mortgages, Inc., ($248.7 million, performance through June 19, 2033). The Rural Housing Service accounts for 99.9 percent of orders by value, with a residual $253 thousand in orders issued through the Rural Housing Service National Financial and Accounting Operations Center.

The vehicle's remaining $541.4 million in ceiling capacity remains available, but the absence of new task-order activity since mid-2024 and full obligational commitment of awarded work suggest the vehicle is in mature execution phase rather than active competitive pursuit. Prospective vendors should confirm whether the government intends further competition or whether the two incumbents are positioned as the exclusive performing base for the remaining ordering period.

Nationwide Default Management Services, to include foreclosure/legal, appraisal, real estate owned disposition, and property preservation.