IMV Sources Sought Notice 21 July 26.pdf

THIS IS A REQUEST FOR INFORMATION FOR MARKET RESEARCH ONLY – NO

AWARD WILL BE MADE FROM THIS NOTICE

Independent Model Validation (IMV)

The U.S. Department of Housing and Urban Development (HUD), Federal Housing

Administration (FHA), Office of Risk Management and Regulatory Affairs (ORMRA), is conducting market research to identify qualified sources capable of providing Independent

Model Validation (IMV) and related analytical support. The results of this market research may be used to inform HUD’s acquisition strategy.

The proposed applicable North American Industry Classification System code assigned to this procurement is:

Proposed NAICS Code: 523940—Portfolio Management and Investment Advice Applicable Size Standard: $47M

This notice is published to determine the interest and capabilities of potential offerors.

This notice is for information and planning purposes only and does not constitute a solicitation for bids, quotes or proposals. This notice does not obligate the Government to solicit for this requirement or award a contract and does not oblige the Government to reimburse interested parties for any costs incurred to prepare or provide a response to this request for information. While questions are welcome, the Government is not obligated to provide a response to any questions received in response to this RFI.

Background:

FHA uses financial, actuarial, and risk analytics models to support financial reporting, subsidy estimation, budget formulation, portfolio risk assessment, capital analysis, and model-risk management. Because these models support significant financial and policy decisions, FHA requires independent analytical review of their methodology, implementation, controls, performance, documentation, and fitness for intended use.

The anticipated requirement includes:

Task A—Independent validation of Single Family Forward and HECM models.

Task B—Independent validation of Commercial models supporting Multifamily, Section

232, and Section 242 portfolios.

Task C—Development and execution of an independent challenger analytical framework for validation, benchmarking, sensitivity analysis, and comparative assessment.

HUD anticipates requiring a multidisciplinary team with experience in quantitative modeling, mortgage finance, actuarial and econometric analysis, credit risk, cash-flow modeling, programming, data engineering, and model risk management.

Additional task requirements are described in Section 5 of the attached draft PWS.

Deliverables are described in Section 6. Performance is expected to occur primarily at the contractor’s facility.

RESPONSES TO THIS NOTICE: Firms who can fulfill this requirement and who would be interested in submitting a proposal, if a solicitation is issued, are requested to provide the following information limited to no more than 7 pages in response to this request:

Table 1 Corporate Overview

1 Name of Company

2 Address of Company

3 Name, Phone Number and email address of company representative

4 Company NAICS and size standard and/or socio-economic standing; i.e., Large Business (LB), Small Business (SB), Certified 8(a) Small Business, Veteran-Owned Small Business (VOSB), Service-Disabled Veteran-Owned Small Business (SDVOSB), Historically Underutilized Business Zone (HUBZone) Small Business, Small Disadvantaged Business (SDB), Women-Owned Small Business (WOSB), or Economically Disadvantaged Women-Owned Small Business (EDWOSB).

5 Indication that the support services are or are not available on Government Wide Acquisition Contract (GWAC) held by your company.

6 A list of any current or past projects similar in nature to this requirement that you have executed

7 A list of any questions you would be likely to ask if the requirements attached were included, as is, as part of the final solicitation. See attached draft Performance Work Statement (PWS).

Table 2 Corporate Capabilities and Approaches

1 Describe up to two recent projects involving independent validation of financial, actuarial, mortgage, credit-risk, or similar models.

2 Briefly describe your ability to perform:

Task A—Single Family Forward and HECM model validation.

Task B—Commercial model validation.

Task C—Development of an independent challenger framework for benchmarking and comparative validation.

3 Can your company meet the PWS performance timeframes, including overlapping assignments? If not, identify the timeframe that should be revised and explain why.

4 Describe the proposed staffing approach and the types of qualifications needed to perform the work successfully.

5 Are PMP, SAS, or cloud certifications necessary for this work, or would equivalent education and experience be sufficient?

6 Identify the information, software, system access, and other Government-furnished resources needed to begin and complete the work.

7 Please Identify:

Any potential organizational conflict of interest.

Whether subcontractors or teaming partners would be needed.

Your recommended contract or pricing structure.

Any PWS provision that is unclear or may unnecessarily affect competition, schedule, or price.

Submission Instructions: Interested parties who consider themselves qualified to perform the above-listed services are invited to submit a response to this Notice by Friday, 31 July 2026, at 5pm EST via email. Telephone responses will not be accepted.

Please address your response to:

Contract Names: Tracy Scott and Marie Niestrath

Email Addresses: Tracy.R.Scott@hud.gov and marie.a.niestrath@hud.gov mailto:Tracy.R.Scott@hud.gov mailto:marie.a.niestrath@hud.gov