UNSPSC 64101907: Mortgage loan

A debt instrument, secured by the collateral of specified real estate, that the borrower is obligated to pay back with a predetermined set of payments. Mortgages are used by individuals and businesses to make large real estate purchases without paying the entire value of the purchase up front.

UNSPSC 64101907 Mortgage loan is a Commodity code that captures state and local government procurement of loan servicing, underwriting, refinancing, and related mortgage administration services. Recent opportunities span loan and underwriting services for housing programs, EPA brownfields revolving loan funds, property refinancing, loan administration for mortgage portfolios, and financial services supporting employee ownership transitions. The work involves evaluating borrower creditworthiness, performing underwriting analysis to determine debt-to-income ratios, preparing loan packets, conducting credit analysis and risk assessment, and managing loan portfolios on an as-needed or ongoing basis. State and local issuers include city housing and revitalization departments, county government, special-purpose housing authorities, and state departments of revenue or environment; cities of Detroit, Salt Lake City, New London, and Scottsdale appear multiple times in recent postings, suggesting active housing and community development procurement under this code. Geographic activity concentrates in Michigan, California, Connecticut, Utah, Arizona, Florida, and Oregon, with additional activity in New Jersey and Georgia.

Representative recent opportunities include Salt Lake City Corporation's RFP for loan and underwriting services for its Housing Stability Division (SLCI267011, due July 29, 2026, $75,000 not-to-exceed contract), Pinellas County's solicitation for loan administration services for its mortgage loan portfolio (260643ITQ, due June 30, 2026), the City of New London's RFP for loan underwriting services supporting the EPA Brownfields Revolving Loan Fund Program (202618CONL, due July 16, 2026, with $1 million in EPA funding and anticipated three to four loan closings), and the Housing Authority of the City of Alameda's RFP for mortgage refinancing services for affordable housing properties (2026RFPPOPVEVDEBT, due April 7, 2026, with approximately $30 million in refinance volume across two properties). Contractors pursuing this code should expect municipal and county RFPs emphasizing underwriting expertise, compliance with state and federal lending regulations, secure data handling for borrower financial information, professional liability and cyber insurance, and fixed or hourly fee structures.