86543G19R00001_A0005_Questions_and_Answers_Attachment_A.pdf
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- Attached to
- Loan Underwritting Services
- Solicitation number
- 86543G19R00001
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This document contains questions and answers regarding Solicitation 86543GR00001 for Loan Underwriting Services. The solicitation seeks proposals for loan underwriting and closing documentation review services for HUD multifamily and healthcare loan programs. Historical volume data is not disclosed due to the lack of actual performance under prior commitments. Compensation details stipulate that contractors may receive partial payment for work performed if a loan does not close or is suspended through no fault of the contractor, with amounts determined on a case-by-case basis. Offerors must register in SAM and address any communications to specific HUD employees in writing according to the solicitation's instructions.
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Solicitation 86543GR00001, A0005 Loan Underwriting Services
Questions and Answers Attachment A
Q1 What has been the historical volume (Average per month) over the past 12, 24 months o How many loans are reviewed for underwriting approval – per HUD FTE/ per month?
How many loan are approved?
How many loans are denied?
How many are placed in a suspense status?
How many loans are suspended then actually close vs. those withdrawn/abandoned?
o How many loans are reviewed for closing documentation approval - per
HUD FTE / per month?
How many loans are approved for closing?
How many are placed in a suspense status?
How many loans are suspended then actually close?
What is the total number of FTE’s currently allocated against this function?
o What is the composition of the team by role/duties – Underwriting, Closing, Monitoring, and Reporting o What is the average active case load per FTE for each activity-
What are the activity milestones that allow the contractor to bill HUD for services provided-o For instance, if a loan is fully underwritten by the contractor yet placed in a suspense status pending additional data/documents AND the lender fails to provide the requested information. Will the contractor be paid for its work?
o Will the contractor be able to be compensated by HUD for a loan that is fully underwritten and closing documents have been reviewed and approved YET does not actually close?
A1 What has been the historical volume (Average per month) over the past 12, 24 months?
Multifamily Production Volume FY2017 FY 2018
Program Type
221(d)(4) New Constr/Substantial Rehabilitation 82 96
223f Refinance or Purchase of an existing loan 179 160
223a7 Refinance existing loans 36 14
Office of Healthcare Programs Production Volume FY2017 FY 2018
Program Type
221(d)(4) New Constr/Substantial Rehabilitation Unknown Unknown
223f Refinance or Purchase of an existing loan 285 266
223a7 Refinance existing loans Unknown Unknown
*NOTE: Except for the Office of Healthcare, the data above is not actual. It’s was a committed amount for services. However, services were not performed.
Solicitation 86543GR00001, A0005 Loan Underwriting Services
Questions and Answers Attachment A o How many loans are reviewed for closing documentation approval – per HUD FTE / per month? This will not be disclosed. The Contractor shall determine its own Level of Effort for it to successfully perform the requirement in the PWS.
How many loans are approved for closing? This will not be disclosed.
How many are placed in a suspense status? This will not be disclosed.
How many loans are suspended then actually close? This will not be disclosed.
What is the total number of FTE’s currently allocated against this function?
This will not be disclosed. The Contractor shall determine its own Level of Effort for it to successfully perform the requirement in the PWS.
o What is the composition of the team by role/duties – Underwriting, Closing, Monitoring, and Reporting. The Contractor shall determine its own Labor mix and hours to for it to successfully perform the requirement in the PWS.
o What is the average active case load per FTE for each activity?
This will not be disclosed. The Contractor shall determine its own Level of Effort for it to successfully perform the requirement in the PWS.
What are the activity milestones that allow the contractor to bill HUD for services provided?
o For instance, if a loan is fully underwritten by the contractor yet placed in a suspense status pending additional data/documents AND the lender fails to provide the requested information. Will the contractor be paid for its work?
If it’s not no fault of the Contractor, partial payment will be made. The partial payment is determine on a case be case basis.
o Will the contractor be able to be compensated by HUD for a loan that is fully underwritten and closing documents have been reviewed and approved YET does not actually close? If it’s not no fault of the Contractor, partial payment will be made. The partial payment is determine on a case be case basis.
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