Pricing Tool V3.xlsx

XLSX spreadsheet 17 KB Posted Apr 11, 2023

Attached to: Homeownership Mortgage Loan Quality Control Review RFP
Solicitation number: 23-551HDA-HMOWN-B-35807
Issued by: Cook County, Illinois

About this file

Written by GovTribe AI · Jul 31, 2024

This document is a pricing tool for a Request for Proposal (RFP) issued by the Illinois Housing Development Authority (IHDA) for Homeownership Mortgage Loan Quality Control Review. The RFP seeks qualified vendors to provide a variety of mandatory pricing services, including post-funding reviews, pre-funding reviews, fraud/misrepresentation reviews, MERS reviews, and servicing-related reviews, for an initial 4-year term with up to three 2-year renewal options. The pricing tool outlines the anticipated monthly volumes and corresponding unit prices for each service, as well as any applicable rush fees, professional fees, and third-party re-verification fees.

The pricing tool also provides definitions for the various service categories, such as post-funding reviews, pre-funding reviews, and servicing-related reviews. Vendors are required to submit pricing for 99 units per month across all services. This RFP is part of a state and local contract opportunity in Illinois, and electronic submissions are required in accordance with the state's electronic submission policy.

View the file

Other files

File	Type	Posted
Vendor Disclosure.docx	DOCX document	Apr 11, 2023
B35807 NOA_Adfitech~1.pdf	PDF	Apr 11, 2023
QandA 5.1.2023 FINAL.docx	DOCX document	Apr 11, 2023
Appendix 1~7.docx	DOCX document	Apr 11, 2023
Vendor Instructions~2.docx	DOCX document	Apr 11, 2023
Attachment - Notice of Electronic Submission Only~1.pdf	PDF	Apr 11, 2023
RFP Document - Homeownership Mortgage Loan Quality Control Review V7~2.docx	DOCX document	Apr 11, 2023
IPG Active Registered Vendor Disclosure.docx	DOCX document	Apr 11, 2023

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IHDA Pricing - RFP

Illinois Housing Development Authority - Request for Proposal - Homeownership Mortgage Loan Quality Control Review						Bidbuy Bid #23-551HDA-HMOWN-B-35807
Vendor Name: ____________________________________________________________________________________________
Quality Control Services	Quantity	Initial Term - 4 Years	Renewal (1) - 2 Years	Renewal (2) - 2 Years	Renewal (3) - 2 Years	Totals
Mandatory Pricing
Services:
Post-Funding Reviews (per file)	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Pre-Funding Reviews (per file)	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Rush Fee(s), if applicable	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Fraud/Misrepresentation Reviews (per file)	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
MERS Review	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Rejected/Denied/Withdrawn Reviews	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Due Diligence (Targeted) Reviews	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Early Payment Default Reviews	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Servicing: Error Resolution & Information Requests	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Servicing: Promp Crediting and Payoffs	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Servicing: Successor in Interest	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Servicing: Continuity of Contact and Early Intervention	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Servicing: Loss Mitigation	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Servicing: Bankruptcy	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Other (Please Specify)	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Professional Fees/ Consulting	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Monthly Reporting	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Third-Party Re-Verification Fees (Pass Through)
Credit Report - (Individual applicant)	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Credit Report - (Joint applicants)	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Social Security Number (SSA-89 processing)	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Verification of Assets	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Verification of Employment - Active - The Work #	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Verification of Employment - Inactive - The Work #	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Verification of Employment - Manual or other 3rd party	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
4506-C - 1 year personal tax transcript	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
4506-C - 2 year personal tax transcript	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
4506-C - 3 year personal tax transcript	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
W-2 - 1 year	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
W-2 - 2 year	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
W-2 - 3 year	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
1099 - 1 year	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
1099 - 2 year	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
1099 - 3 year	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Business Tax Return Transcripts - 1 year	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Business Tax Return Transcripts - 2 years	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Business Tax Return Transcripts - 3 years	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Third Party Access (Technology Fee)	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Federal or State High Cost Testing	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Property Data Collection Evaluation	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Field Review Appraisal	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Internal Desk Review Appraisal	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
External Desk Review Appraisal	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Retroactive Field Review Appraisal	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Occupancy Inspection	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Re-Verification Fees (When applicable, manual pass through from entity)	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0
Other Pass Through Fees (please specify)	99 units per month	$ - 0	$ - 0	$ - 0	$ - 0	$ - 0

Total Cost $ - 0 $ - 0 $ - 0 $ - 0 $ - 0

Legend
Category	Definition
Post-Funding Reviews	Random (10%) and Discretionary (5%) QC review of loans funded by the Authority, as defined by Fannie Mae, Freddie Mac, FHA, VA and USDA, which also adheres to the Authority's policy and procedure.
Pre-Funding Reviews	Random (10%) QC review of loans not yet funded by the Authority, as defined by Fannie Mae, Freddie Mac, FHA, VA and USDA, which also adheres to the Authority's policy and procedure.
Rush Fees	Fee for services requested in such a timeline that would constitute a rush by your company standards.
Fraud/Misrepresenation Reviews	QC review of a single or of multiple files for the purpose of determining if fraud or misrepresentation is present in the transaction.
MERS Reviews	Annual review of MERS transactions, in accordance with Mortgage Electronic Registration Systems requirements.
Rejected/Denied/Withdrawn Reviews	QC review of mortgages with rejected, denied or withdrawn status.
Due Diligence (Targeted) Reviews	Special request QC reviews.
Professional Fees/Consulting	Fees for consulting or professional training services provided to the Authority.
Early Payment Default Reviews	QC review of mortgage loans that have become delinquent within the first 120 days of servicing.
Servicing: Error Resolution & Information Requests	Servicing QC review of the Error Resolution and Information Request process as defined by the CFPB.
Servicing: Promp Crediting and Payoffs	Servicing QC review of prompt payment crediting and payoff processes as defined by the CFPB.
Servicing: Successor in Interest	Servicing QC review of Successor in Interest processes as defined by the CFPB.
Servicing: Continuity of Contact and Early Intervention	Servicing QC review of Continuity of Contact and Early Intervention processes as defined by the CFPB.
Servicing: Loss Mitigation	Servicing QC review of Loss Mitigation processes as defined by the CFPB.
Servicing: Bankruptcy	Servicing QC review of mortgage loans in Bankruptcy processes as defined by the CFPB.
Monthly Reporting	Fees for providing monthly reporting of services rendered to the Authority.
Credit Report - (Individual applicant)	Cost of credit report re-verification for an individual.
Credit Report - (Joint applicants)	Cost of credit report re-verification for joint applicants.
Social Security Number (SSA-89 processing)	Cost for processing SSA-89 to verify an individual social security number.
Verification of Assets	Cost for providing re-verification of assets.
Verification of Employment - Active - The Work #	Cost for providing active VOE from the Work Number.
Verification of Employment - Inactive - The Work #	Cost for providing an inactive (prior employment) VOE from the Work Number.
Verification of Employment - Manual or other 3rd party	Cost for providing a VOE manually or from another third party (other than the Work Number).
4506-C - 1 year personal tax transcript	Cost for processing a 4506-C to obtain a transcript for ONE year of tax filing.
4506-C - 2 year personal tax transcript	Cost for processing a 4506-C to obtain a transcript for 2 years of tax filing.
4506-C - 3 year personal tax transcript	Cost for processing a 4506-C to obtain a transcript for 3 years of tax filing.
W-2 - 1 year	Cost for processing a 4506-C to obtain 1 year of W-2's.
W-2 - 2 year	Cost for processing a 4506-C to obtain 2 years of W-2's.
W-2 - 3 year	Cost for processing a 4506-C to obtain 3 years of W-2's.
1099 - 1 year	Cost for processing a 4506-C to obtain 1 year of 1099's.
1099 - 2 year	Cost for processing a 4506-C to obtain 2 years of 1099's.
1099 - 3 year	Cost for processing a 4506-C to obtain 3 years of 1099's.
Business Tax Return Transcripts - 1 year	Cost for processing a 4506-C to obtain a business tax return transcript for ONE year of tax filing.
Business Tax Return Transcripts - 2 years	Cost for processing a 4506-C to obtain a business tax return transcript for 2 years of tax filing.
Business Tax Return Transcripts - 3 years	Cost for processing a 4506-C to obtain a business tax return transcript for 3 years of tax filing.
Third Party Access (Technology Fee)	Pass through fees from third parties for technology services rendered.
Federal or State High Cost Testing	Cost for providing federal or state high cost testing (HOEPA).
Property Data Collection Evaluation	Cost for providing property data collection data to confirm property eligibility, as defined by Fannie Mae.
Field Review Appraisal	The cost for providing a Single Family Field Review Appraisal, whereby another appraiser (other than the originating appraiser or originating appraiser company) visits the property and the surrounding area for a second analysis.
Internal Desk Review Appraisal	The cost for providing a Single Family Desk Review Appraisal analysis, whereby a reviewer performs a Fannie Mae 1033 or similar desk review of the origination appraisal.
External Desk Review Appraisal	The cost for providing a Single Family Desk Review Appraisal analysis, whereby a third party (external) reviewer performs a Fannie Mae 1033 or similar desk review of the origination appraisal.
Retroactive Field Review Appraisal	The cost for providing a Single Family Field Review Appraisal, whereby another appraiser (other than the originating appraiser or originating appraiser company) visits the property and the surrounding area for a second analysis of the appraisal based upon the retroactive market conditions.
Occupancy Inspection	The cost for providing a visual inspection to validate occupancy of the residence.
Re-Verification Fees (When applicable, manual pass through from entity)	The pass-through costs for third-party re-verification fees incurred during a manual re-verification process.

File details come from the government source that posted it. Updated Jul 31, 2024.