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36C10X19C0033 FBO Award Announcement_AMS-ORS Services.pdf

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Requirement:

Appraisal Management Services/Other Related Services for the US Department of Veterans Affairs, Veterans Benefits Administration, Loan Guaranty Program

Solicitation #: 36C10X19R0001 Contract #: 36C10X19C0033

Awardee:

Veros Real Estate Services, LLC 233 North Broadway, Suite 350 Santa Ana, CA 92706

Date of Award: July 18, 2019

Total Dollar Amount (with all Options): $18,509,863

This procurement is for Appraisal Management Services (AMS)/Other Related Services (ORS) for the Veterans Benefits Administration and the Loan Guaranty Program. VBA’s Loan Guaranty program guarantees mortgage loans for Veterans to provide them with favorable loan terms and conditions, including lower down payments and lower interest rates, providing highly beneficial and unique services to America’s Veteran population.

The Appraisal Management System will provide standardization, risk management, timeliness and performance for appraisals conducted for VA-guaranteed mortgages. VBA continually works to streamline this process to ensure a more efficient and cost-effective way to serve all stakeholders in the VA-guaranteed mortgage process, including Veterans, the banks who hold the loans, and the independent appraisers.

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