NIGP 94664: Mortgage Banking Services

NIGP 94664 Mortgage Banking Services is an Item code covering comprehensive banking services procurement by state and local governments, including account management, payroll and accounts payable processing, depository and treasury services, corporate credit card services, and loan servicing operations. State and local issuing bodies soliciting under this code include independent school districts, counties, state housing finance commissions, housing authorities, and county community assistance divisions. Recent opportunities reflect two distinct purchasing patterns: full-service banking relationships for operational cash management (account maintenance, ACH and wire processing, online banking, depository services) and specialized loan servicing for affordable housing and mortgage portfolios (loan payment processing, borrower communication, delinquency management, compliance monitoring, and loss mitigation). Troup County School System's October 2026 RFP for banking services exemplifies the operational banking scope, requiring management of approximately $300 million in annual cash flow, 20+ locations, 30–40 corporate credit cards, and interest and investment services; Volusia County's July 2026 RFP for mortgage loan servicing on a 58-loan affordable housing portfolio and the Washington State Housing Finance Commission's July 2026 RFP for master and sub-servicer operations on GSE-backed home purchase programs represent the loan servicing segment.

Recent activity concentrates in Florida (Pinellas County and Volusia County loan servicing solicitations; Volusia County's mortgage loan services procurement for affordable housing), Georgia (Troup County School System), Washington State (Housing Finance Commission), Pennsylvania (Montgomery County homeownership counseling supporting first-time homebuyer lending), and California (Alameda Housing Authority consulting services including housing development). Pinellas County posted two separate 2026 banking RFPs—one in October for Board and Clerk comprehensive banking services requiring Qualified Public Depository status and capacity for $350 million in balances, with proposals due February 19, 2026, and one in August for as-needed loan administration services on a seven-day response cycle. The Washington State Housing Finance Commission's August 2026 RFP for master and sub-servicer operations required Ginnie Mae, Fannie Mae, and Freddie Mac approval and offered a pre-bid conference on July 28, 2026 with finalist interviews anticipated in early September and work beginning January 2027. Mandatory qualifications across recent opportunities include Federal Reserve membership or GSE approval, adequate insurance (general liability $1–$2 million, cyber liability up to $100 million in complex municipal banking), state business licensing, demonstrated public-sector experience, and cybersecurity compliance; foreign-ownership restrictions apply in Florida procurements.