FY27 Anti-Predatory Lending Database SS

The Illinois Department of Financial and Professional Regulation, Division of Banking, awarded a sole source contract to Catalis Regulatory & Compliance, LLC for the development, management, administration, and maintenance of the Anti-Predatory Lending Database (APLD). This statutorily mandated system, required under Public Act 94-280, tracks residential mortgage loan transactions initiated by licensed loan originators and mortgage brokers in Cook, Kane, Peoria, and Will counties. The contract, valued at $2.09 million, is effective September 2, 2026 through September 1, 2027, with no renewal options included and funding provided through state appropriated funds.

Catalis will provide comprehensive technology infrastructure, business processes, program management, customer service, technical support, regulatory compliance support, and data entry services to enable brokers, originators, credit counselors, title insurance companies, and closing agents to enter borrower application and closing information online. The vendor will also deliver quarterly and semi-annual reporting to the Illinois General Assembly and program review functions. The 40 percent price increase from the prior year contract ($1,486,918) reflects enhanced functionalities, expanded data intake requirements, increased hosting and data storage needs, and annual information technology cost increases consistent with industry standards. The sole source justification is based on the proprietary nature of Catalis's software system and exclusive operational support model, with the Department concurrently executing a competitive solicitation for a long-term replacement solution.