Pricing Document Final~1.xlsx
XLSX spreadsheet 17 KB Posted
- Attached to
- Loan Servicing System RFP
- Solicitation number
- 24-551HDA-LEGAL-B-38123
- Issued by
- Cook County, Illinois
About this file
This document is a pricing sheet related to a Request for Proposal (RFP) issued by the Illinois Housing Development Authority (IHDA) for a loan servicing system. The RFP is seeking proposals for a loan servicing system to service residential single-family mortgage loans, with an initial term of 4 years and three 2-year renewal options. The pricing sheet includes mandatory pricing categories such as hosting fees, process automation fees, user account fees, project management, data migration, testing, training, go-live and post-implementation support, and per-loan servicing fees. The pricing sheet also includes optional categories for customization, estimated at 20% of the total cost. The approximate number of legacy loans to be migrated into the new system is 51,000.
The pricing structure includes both fixed and variable costs, with the variable costs being based on the projected volume of 7,000 first mortgage loans and associated second mortgage Down Payment Assistance (DPA) loans per year. The second mortgage loans are broken down into 37% repayable, 52% forgivable, and 11% deferred. The pricing sheet also includes monthly and annual maintenance and support fees. Vendors responding to the RFP are required to provide pricing details across these various categories to allow IHDA to evaluate the total cost of ownership for the loan servicing system.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Loan Servicing RFP Reissue Final~1.docx | DOCX document | |
| Vendor Q and A FINAL~1.pdf | ||
| ipg-active-registered-vendor-disclosure-formerly-forms-b-v.23.1~2.docx | DOCX document | |
| Appendix 1~6.docx | DOCX document | |
| Pre-Bid Conference TEAMS Information~14.docx | DOCX document | |
| B38123 NOA.pdf | ||
| vendor-disclosure-formerly-forms-a-v.23.3~2.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 .