Notice of Award_Master Servicer.pdf
PDF 149 KB Posted
- Attached to
- Master Servicer Request for Proposals
- Solicitation number
- 19-551HDA-LEGAL-B-2319
- Issued by
- Cook County, Illinois
About this file
This document is a Notice of Award for a Master Servicer contract issued by the Illinois Housing Development Authority (IHDA). IHDA sought a Master Servicer to service release mortgage loans from participating lenders, pool loans into Ginnie Mae, Fannie Mae and/or Freddie Mac mortgage backed securities, and facilitate the purchase and certification of mortgage loans from IHDA's network of lenders. The contract was awarded to U.S. Bank N.A. for an initial term of 4 years with 3 optional 2-year renewal terms.
The contract has an award amount of $10,500,000. The procurement was conducted through an Invitation for Bid process, and the contract was awarded to the lowest priced responsive and responsible bidder. There were 2 responding bidders, 1 of which was unsuccessful.
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Other files
| File | Type | Posted |
|---|---|---|
| Price Appendix Final.xlsx | XLSX spreadsheet | |
| Q and A Addendum~1.pdf | ||
| Forms A Section V.18.1~3.docx | DOCX document | |
| Forms B Section V.18.1~3.docx | DOCX document | |
| Master Servicer RFP Final (Revised).docx | DOCX document |
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Text version
Notice of Award Form Agency and Awarded Vendor Information *Description
*Bid Number *Agency
*Vendor Selected for Award *Line Item Description
*Award Amount *Length of Initial Term *Number of Renewals
Farm Leases and Concessions Value to the State
Estimated Financial Return to the State for the Life of the Contract
Value to the Vendor
Estimated Gross Revenue to the Vendor for the Life of the Contract
Business Enterprise Program/Veteran Business Program % of BEP Per Utilization Plan % of VBP Per Utilization Plan
Other
V.18.1
Unsuccessful Bidder(s) *Number of Responding Bidder(s) Number of Unsuccessful Bidder(s) Number Award
Bidder(s)/Offeror(s) Not Selected Bid Amount
Agency Contact Contact Name Telephone Number Email Address Fax Number
Street Address City State Zip Code
SPO Written Determination for Contract Award Decision General - Applies to Emergencies, Split Awards, Award to Other than Lowest Responsible and Responsive Bidder. The Rationale described by the purchasing agency in the recommendation to award seems reasonable, and serves as the basis for the contract decision.
Invitation for Bid The contract was procured through the Invitation for Bid process, and the contract has been awarded to the lowest priced responsive and responsible bidder.
Request for Proposal Based on factors set forth in the Request for Proposal, the contract has been awarded to the offeror whose proposal is most advantageous to the State.
Change Order The contract is a change order where the circumstances that necessitate the change in performance were not reasonably foreseeable at the time the contract was signed, or the change is germane to the original contract and reasonable in size and scope, or the change is in the best interest of the State. The change order is based on the purchasing agency's justification.
Renewal The contract is a renewal in accordance with the terms of the existing contract. The award decision is based on justification presented by the purchasing agency's justification.
Comments
Other
Explanation of Other Items
State Purchasing Officer Date
V.18.1
| Agency and Awarded Vendor Information |
| Farm Leases and Concessions |
| Business Enterprise Program/Veteran Business Program |
| Unsuccessful Bidder(s) |
| Agency Contact |
| SPO Written Determination for Contract Award Decision |
| Text1: Master Servicer Request for Proposal |
| Text2: 19-551HDA-LEGAL-B-2319 |
| Text3: Illinois Housing Development Authority |
| Text4: U.S. Bank N.A |
| Text5: Master Servicer services further described in the Request for Proposals. |
| Text6: 10,500,000.00 |
| Text7: 4 years |
| Text8: 3, 2 year renewal terms |
| Text9: Not Applicable |
| Text10: Not Applicable |
| Text11: 0 |
| Text12: 0 |
| Text13: Not Applicable |
| Text14: Not Applicable |
| Text15: 2 |
| Text16: 1 |
| Text17: 1 |
| Text18: Lakeview Loan Servicing LLC |
| Text19: Amanda Carone |
| Text20: 312.836.5214 |
| Text21: acarone@ihda.org |
| Text22: Not Applicable |
| Text23: 111 E. Wacker Drive, Suite 1000 |
| Text24: Chicago |
| Text25: Illinois |
| Text26: 60601 |
| Check Box27: Off |
| Check Box28: Off |
| Check Box29: Yes |
| Check Box30: Off |
| Check Box31: Off |
| Text32: |
| Text33: |
| Text34: |
| Text36: |
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