Pricing Document Final.xlsx
XLSX spreadsheet 17 KB Posted
- Attached to
- Loan Servicing System RFP
- Solicitation number
- 22-551HDA-INFOT-B-32880
- Issued by
- Cook County, Illinois
About this file
This document is a pricing spreadsheet associated with a Request for Proposal (RFP) issued by the Illinois Housing Development Authority (IHDA) for a Loan Servicing System. The RFP seeks proposals for a loan servicing system to manage the servicing of residential single-family mortgage loans, with an initial term of 4 years and up to 3 renewal options of 2 years each. The RFP covers mandatory pricing elements such as hosting fees, process automation fees, user account fees, project management, data conversion, testing, training, implementation assistance, and per-loan servicing fees. Vendors are also asked to provide pricing for optional customization up to 20% of the total cost. The RFP states that IHDA currently services approximately 51,000 legacy loans that would need to be converted to the new system.
The pricing spreadsheet provides a detailed cost breakdown by category and contract term. Vendors are required to submit pricing for all mandatory elements as well as optional customization. Fees are expected to cover all aspects of the loan servicing system implementation and ongoing support, including licensing, maintenance, and support. IHDA anticipates onboarding approximately 7,000 new loans per year, with a breakdown of 37% repayable, 52% forgivable, and 11% deferred second mortgages.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Forms B Section V.20.1~32.docx | DOCX document | |
| Vendor Q and A Final~6.pdf | ||
| Forms A Section V.23.2~4.docx | DOCX document | |
| Loan Servicing System - RFP FINAL.docx | DOCX document | |
| Vendor Instruction for RFPs v23.1~1.docx | DOCX document | |
| attachment-notice-of-electronic-submission-only-v-22-1~1.pdf | ||
| Appendix 1~6.docx | DOCX document |
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Text version
Sheet1
| Illinois Housing Development Authority - Request for Proposal - Loan Servicing RFP | |||||
| Vendor Name: | |||||
| Software & Services | Initial Term - 4 Years | Renewal (1) - 2 Years | Renewal (2) - 2 Years | Renewal (3) - 2 Years | Totals |
| Mandatory Pricing | |||||
| Pre-Installation | |||||
| Hosting Fees | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Process Automation Fees | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| User Account Fees | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Project Management | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Analysis and Set-up of new system | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| **Import of Legacy Data from current Servicing System(s) | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Software Development Toolkit | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Testing | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Training | |||||
| Power user or System Admin Training | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| End user Training - Remote | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Go live and Post-Installation | |||||
| Move to Production (go live implementation) assistance | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Post Production assistance | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| *Fees for loans - All 1st Mortgages per transaction | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| All 2nd Mortgages that are forgivable per transaction | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| All 2nd Mortgages that are repayable per transaction | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| All 2nd Mortgages that are deferred per transaction | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Fees for Imaging/Document Management | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Software Licensing/Subscription | |||||
| End User licensing | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Software Module licensing | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Concurrent user licensing | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Per-user licensing | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Other licensing requirements including neccesssary database licenses | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Maintenance/Support | |||||
| Monthly maintenance/support fees | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Annual maintenance/support fees | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
Sub-Total Cost $ - 0 $ - 0 $ - 0 $ - 0 $ - 0
| Optional Customization (20%) | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Total Cost | $ - 0 | $ - 0 | $ - 0 | $ - 0 | $ - 0 |
| Legend | |
| Category | Definition |
| Hosting Fees | Includes any additional costs associated with hosting all data for the Authority, including additional costs for multiple environments. |
| Process Automation Fees | Includes any additional costs associated with the setup of processes, data exports and data imports based on IHDA workflow. |
| User Account Fees | Includes any additional costs associated with maintaining external users and an unlimited number of internal users within the Authority. This will include any fees required with 3rd party software utilized by the servicing system. |
| Project Management | Includes outlining of project, project scope, organizational breakdown, and workforce management. |
| Analysis and Set-up of new system | Includes costs associated with determining the schedule, timeframe and set up of system for the Authority. |
| Testing | Includes any cost breakdown associated with testing prior to implementation into Production, including but not limited to testing import /export features. |
| Power user or System Admin Training | Includes any training for any System Administrator's for the software (in-house, remote, or online) |
| End user Training - Remote or online | Includes any training costs for end user training, remote or online. |
| Move to Production (go live implementation) assistance | Includes any additional cost for assistance needed by the Authority and/or provided by the Vendor for implementing into Production. |
| Post Production assistance | Includes any cost for assistance needed by the Authority Post Production. |
| *Fees for loans | Includes any set cost on a per loan basis for setting up / boarding into the system for servicing. |
Assume 7,000 1st mortgage loans, each with a corrosponding 2nd mortgage DPA loan, are boarded each year. 2nd Mortgage breakout can be estimated at 37% Repayable, 52% Repayable, and 11% Deferred.
| Fees for Imaging/Document Management | Total cost of Imaging/Document storage per complete loan (IHDA to define) based on above projections. |
| Monthly maintenance/support costs | Includes any fixed monthly maintenance costs for supporting all aspects of the software for IHDA. |
| Annual maintenance/support costs | Includes any fixed annual maintenance costs for supporting all aspects of the software for IHDA. |
| Sub-Total Cost | Sum of all above mentioned fields located in the "Mandatory Pricing" section. |
| Optional Customization (20%) | Additional 20% cost to include any future enhancements, process flow automations and interfaces. |
| Total Cost | Sub-Total Cost plus an additional 20% for optimal customization. |
| **Import of Legacy Data from current Servicing System(s) | Includes import of legacy data from current servicing system(s) into proposed Vendor's system. Approximate number of Legacy loans ~51,000. |
| Software Development Toolkit | Includes any Toolkit available for the Authority's use (I.E. Software Toolkit that will grant IHDA the ability to create processes and rules within the software given certain systematic restraints without going back to Vendor). If not applicable, leave blank. |
File details come from the government source that posted it. Updated .