State of South Carolina

Request for Proposal

AMENDMENT #01

Solicitation:

Date Issued:

Procurement Officer:

Phone:

E-Mail Address:

Mailing Address:

5400028633 09/02/2025 Brittany Greenway 864-503-5381 bgreenway@mmo.sc.gov State Fiscal Accountability Authority 120 Main St. Ste 600 Columbia SC 29201

DESCRIPTION: Master Servicer SFH Mortgage-Backed Securities Program

USING GOVERNMENTAL UNIT: State Housing, Finance & Development Authority

SUBMIT YOUR OFFER ON-LINE AT THE FOLLOWING URL: http://www.procurement.sc.gov

SUBMIT OFFER BY (Opening Date/Time): 09/17/2025 11:00am (EST) (See "Deadline for Submission of Offer" provision)

QUESTIONS MUST BE RECEIVED BY: 08/28/2025 4:00pm (EST) (See "Questions from Offerors" provision)

NUMBER OF COPIES TO BE SUBMITTED: Online – ONLINE BIDDING PREFERRED; If submitting Online in SCEIS please See Online Bidding Instructions in Section II.B. If submitting Hardcopy, submit One (1) Original Hardcopy marked “Original”, and One (1) Electronic (digital) Media Copy marked “Copy” (See “Electronic Copies-Required Media & Format” provision Section II.B.) Initial here if NO redacted copy is necessary___________

CONFERENCE TYPE: Pre-Proposal Conference DATE & TIME: 08/28/2025 10:00am (EST)

(As appropriate, see "Conferences - Pre-Bid/Proposal" & "Site Visit" provisions) LOCATION: Virtual Platform

You must submit a signed copy of this form with Your Offer. By signing, you agree to be bound by the terms of the Solicitation. You agree to hold Your Offer open for a minimum of ninety (90) calendar days after the Opening Date. (See "Signing Your Offer" provision.)

NAME OF OFFEROR

(full legal name of business submitting the offer) Any award issued will be issued to, and the contract will be formed with, the entity identified as the Offeror. The entity named as the offeror must be a single and distinct legal entity. Do not use the name of a branch office or a division of a larger entity if the branch or division is not a separate legal entity, i.e., a separate corporation, partnership, sole proprietorship, etc.

AUTHORIZED SIGNATURE

(Person must be authorized to submit binding offer to contract on behalf of Offeror.)

DATE SIGNED

TITLE

(business title of person signing above)

STATE VENDOR NO.

(Register to Obtain S.C. Vendor No. at www.procurement.sc.gov)

PRINTED NAME

(printed name of person signing above)

STATE OF INCORPORATION

(If you are a corporation, identify the state of incorporation.)

OFFEROR'S TYPE OF ENTITY: (Check one) (See "Signing Your Offer" provision.)

___ Sole Proprietorship ___ Partnership ___ Other_____________________________

___ Corporate entity (not tax-exempt) ___ Corporation (tax-exempt) ___ Government entity (federal, state, or local)

COVER PAGE - ON-LINE ONLY (MAR. 2015) DO NOT MODIFY CONTENT

SAP

PAGE TWO

(Return Page Two with Your Offer) HOME OFFICE ADDRESS (Address for offeror's home office / principal place of business)

NOTICE ADDRESS (Address to which all procurement and contract related notices should be sent.) (See "Notice" clause)

_________________________________________________ Area Code - Number - Extension Facsimile

_________________________________________________ E-mail Address

PAYMENT ADDRESS (Address to which payments will be sent.) (See "Payment" clause)

____Payment Address same as Home Office Address ____Payment Address same as Notice Address (check only one) ORDER ADDRESS (Address to which purchase orders will be sent) (See "Purchase Orders and "Contract Documents" clauses)

____Order Address same as Home Office Address ____Order Address same as Notice Address (check only one)

ACKNOWLEDGMENT OF AMENDMENTS

Offerors acknowledges receipt of amendments by indicating amendment number and its date of issue. (See "Amendments to Solicitation" Provision)

DISCOUNT FOR PROMPT PAYMENT

(See "Discount for Prompt Payment" clause)

PREFERENCES - A NOTICE TO VENDORS (SEP. 2009): *** Preferences do not apply to this solicitation pursuant to SC Consolidated Procurement Code Section 11-35-1524(E)(2)*** [11-35-1524(E)(4)&(6)]

PREFERENCES - ADDRESS AND PHONE OF IN-STATE OFFICE: *** Preferences do not apply to this solicitation pursuant to SC Consolidated Procurement Code Section 11-35-1524(E)(2)

____In-State Office Address same as Home Office Address ____In-State Office Address same as Notice Address (check only one)

PAGE TWO (SEP 2009)

End of PAGE TWO

DO NOT MODIFY CONTENT

AMENDMENT #01

Solicitation #5400028633

AMENDMENTS TO SOLICITATION (JAN 2004)

The Solicitation may be amended at any time prior to opening. All actual and prospective Offerors should monitor the following web site for the issuance of Amendments: www.procurement.sc.gov (b) Offerors shall acknowledge receipt of any amendment to this solicitation (1) by signing and returning the amendment, (2) by identifying the amendment number and date in the space provided for this purpose on Page Two, (3) by letter, or (4) by submitting a bid that indicates in some way that the bidder received the amendment. (c) If this solicitation is amended, then all terms and conditions which are not modified remain unchanged. [02-2A005-1] Changes indicated in red

III. SCOPE OF WORK/SPECIFICATIONS

PROGRAM BACKGROUND

(sub-paragraph 3)

The Master Servicer purchases loans from South Carolina lenders daily and issues or causes the issuance of FNMA, FHLMC, and GNMA mortgage-backed securities on a weekly basis if the aggregate amount of qualified mortgage loans on hand is enough to satisfy delivery requirements. [Note: Based on current program activity, bi-monthly issuance has been adequate.] In addition, Master Servicer collects an Administration fee from participating lending partner on each loan purchased. The administration fee should be equitably split (50/50) between SC Housing and Master Servicer The administration fee should be equitably split between SC Housing and Master Servicer.

E. Reporting The awarded Contractor may be required to submit a semi-annual self-attestation certifying compliance with all applicable laws related to performing the contracted services and shall, at the request of SC Housing, provide other such documentation as may be reasonably required to establish contractor’s ongoing compliance with the standard requirements of United States Government Agencies and Government Sponsored Enterprises, including FHA, USDA-RD, VA, Fannie Mae and Freddie Mac, that purchase or issue mortgage-backed securities.

V. QUALIFICATIONS

QUALIFICATIONS - SPECIAL STANDARDS OF RESPONSIBILITY (MOD)

This section establishes special standards of responsibility. All parties should consider the requirements outlined herein this solicitation. Offeror must provide in detail and provide answers to all requests for explanation of qualifications, with their offer.

1. Provide three (3) references with names current email and current phone number that you have provided Master Servicer Services you provided within the past five (5) years.

2. Provide your company’s qualifications and experience in underwriting, closing, shipping, purchase, securitization and servicing of residential mortgage loans.

3. Provide your current portfolio status and/or insurer score cards, or any combination thereof, with the following agencies: FHA, VA, RDS/USDA, GNMA, FNMA, and FHLMC.

**SC Housing may reference all potential Servicers with FNMA, FHLMC, and GNMA prior to approving the bidder as the Servicer for the Program**

Questions from Offerors - amendment (Jun 2017) The solicitation is amended as provided herein. Information or changes resulting from questions will be shown in a question-and-answer format. All questions received have been reprinted below. The “state’s response” should be read without reference to the questions. The questions are included solely to provide a cross-reference to the potential Offeror that submitted the question. Questions do not form a part of the contract; the “state’s response” does. Any restatement of part or all of an existing provision of the solicitation in an answer does not modify the original provision except as follows: underlined text is added to the original provision. Stricken text is deleted. [02-2a097-1]

Questions and Answers

1.It appears that this program has been in operation for many years based on the revision history in the document? Can you please share the name of the company currently functioning as the Master Servicer? If I found the correct agreement on your website, it looks like Lakeview Loan Servicing is in this role today?

State’s Response: Current contract information is available at the following link. https://apps.sceis.sc.gov/SCContractWeb/contractDetail.do?contractNumber=4400025125&hideReturnButton=false

2.The agreement mentions an administrative fee that would be split between the Master Servicer and SC State Housing. However, it doesn’t mention the amount of the administrative fee. Can you share that information?

State’s Response: Currently, the administration fee is $400.00. SC Housing is announcing an increase in this administration fee on October 1, 2025 to $500.00. Currently, all proceeds of the administrative fee that are collected cover the cost from the master servicer. SC Housing does not charge any additional administrative fee, at the time of closing, on behalf of the master servicer. If willing, SC Housing is looking for the Master Servicer to provide SC Housing with an equitable split.

3.The proposal mentions that the Master Servicer will purchase the servicing rights from the originating lender, it also mentions that the Master Servicer will sell or deliver these loans to FannieMae, FreddieMac, and/or GinnieMae. Does the SC State Housing Authority retain ownership of the other loan types such as the downpayment assistance loans?

State’s Response: SC Housing will retain ownership of the downpayment assistance loans.

4. Under V. Qualifications, number 3: Provide your current portfolio status with the following agencies: FHA, VA, RDS/USDA, GNMA, FNMA, and FHLMC. What specifically is being requested? Will servicer ratings with FNMA and FHLMC, but not FHA, VA, RDS/USDA suffice?

State’s Response: See updated Qualifications, number 3

5. Can you provide additional clarification regarding an administration fee that the Master Servicer is to collect from participating lender partners? This is referenced in two places under Section III, Scope of Work. Is this a new fee that SC Housing plans to begin charging to lenders, or are you referencing the funding fee that the current Master Servicer charges per loan?

State’s Response: See response to question #2.

6. How should we calculate the subtotal in the price proposal section? The requirement is to provide an SRP in basis points, but that is calculated vs the loan amount and not the number of units.

State’s Response:

Assume an average of $225,000.00 when completing the schedule below.

Example: $225,000.00 * (SRP Value as a percentage) * 300 units $225,000 * .00145 * 300 = $978,750.00

ALL OTHER TERMS, CONDITIONS, BIDDING INSTRUCTIONS, AND SPECIFICATIONS REMAIN UNCHANGED. IF THERE ARE ANY QUESTIONS OR IF ANY CONFUSION OR UNCERTAINTY ARISES AS A RESULT OF THIS AMENDMENT, IT IS THE SOLE RESPONSIBILITY OF THE OFFEROR TO CONTACT THE PROCUREMENT OFFICER FOR CLARIFICATION. CONTACT INFORMATION CAN BE FOUND IN THE TOP RIGHT HAND CORNER OF THE COVER PAGE OF THIS AMENDMENT. REFERENCE THE “DUTY TO INQUIRE” CLAUSE IN THE ORIGINAL INVITATION FOR BID image1.png