PWS - EFS- 7-12-21 - Vehicle.pdf

DRAFT – For Reference Purposes Only

OFFICE OF INSPECTOR GENERAL HOUSING AND URBAN DEVELOPMENT

OFFICE OF LEGAL COUNSEL

GINNIE MAE RELATED EXPERT FINANCIAL SUPPORT SERVICES

PERFORMANCE WORK STATEMENT - VEHICLE

The Office of the Inspector General (OIG) at the U.S. Department of Housing and Urban Development (HUD) is an independent government entity established by the Inspector General Act of 1978, to safeguard government funds provided to HUD to assist and support affordable housing and community development from fraud, waste, and abuse. Agency staffs are located in Washington, DC and in regional and field offices across the country.

1.0 PURPOSE and OBJECTIVE

The purpose of this requirement is to establish a single award vehicle for Expert Financial Support Services (EFS) to support OIG reviews of Ginnie Mae (GNMA) and any area, program, or function in which GNMA acts in, participates in, or influences, either directly or indirectly, to include secondary and tertiary participants in GNMA programs. Specifically, the contractor shall provide subject matter expertise to assist OIG in any of the above areas in pursuit of a better understanding of GNMA and the completion of audit and evaluation efforts, and to include the development or provision of training related to these areas as requested.

The contract services required under this action do not include engaging in audit, evaluation or investigation activity which shall be conducted by OIG. The services to be provided are supplementary to any Ginnie Mae audit, evaluation, or investigation, and shall not overlap with the conduction of the audit, evaluation, or investigation.

1.1 BACKGROUND

The Office of the Inspector General at U.S. Department of Housing and Urban Development (HUD OIG) is an independent government entity established to prevent waste, fraud and abuse within HUD and its programs.

While HUD OIG’s Office of Audit (OA) employs contractor(s) to support the audit itself, HUD OIG Office of Legal Counsel (OLC), OA, and Office of Evaluations (OE) require additional support and subject matter expertise in order to fully support any GNMA oversight effort.

1.2 SCOPE

The scope of this requirement is to obtain expert support services and subject matter expertise to support OIG reviews, audits, evaluations, and general oversight of Ginnie Mae (GNMA) and any area, program, or function in which GNMA acts in, participates in, or influences, either directly or indirectly, to include tangential participants in GNMA programs.

Specifically, the contractor shall provide expertise in the following areas:

Ginnie Mae MBS Programs – MBS I & II, with the following federally insured mortgage collateral -single family (forward and reverse) loan; Multifamily residential mortgages, Section 232 mortgage loans, and Section 241mortgage loans; and the platinum securities program. Federally insured mortgages shall include loans insured or guaranteed by FHA, VA and RHS.

Ginnie Mae document custodian requirements.

Ginnie Mae MBS and securitization platform and processes.

REMIC program requirements and platform.

Structured Finance and Capital markets issues impacting GNMA.

Econometrics and Risk Modeling related to MBS.

Legal support -Corporate Capital requirement relating to MBS, true sale accounting, tax law

E-mortgages – platform, security, state standards including registration, UCC; applicable federal requirements- including but not limited to bankruptcy.

Audibility Surveys for Ginnie Mae and/or related organizations.

Training development related to any effort under this action.

1.3 CONTRACTOR PERSONNEL

1.3.1 CENTRAL POINT OF CONTACT. The Contractor shall provide a Central Point of Contact (CPOC) who shall be the primary point of coordination for the vehicle, and shall be able to serve as a point of communication and coordination between the Government and the Contractor in general. The CPOC shall be reachable during normal business hours. The CPOC may be a designated as an additional role to any senior contractor staff utilized under this action.

1.3.2 PROJECT/PROGRAM MANAGER/TEAM LEAD(S). The Contractor shall provide a Project/Program Manager/Team Lead or equivalent (PME)) for each order under this action, who shall be responsible for all work under the order. The role of PME status may be assigned to any individual supporting this action.

1.3.2.1 The PME shall be a single point of contact for the Contracting Officer and the COR for each order, and is designated as KEY. The PME shall be responsible for all deliverables, staffing, and actions under this requirement. The name of the PME, and the name(s) of any alternate(s) who shall act for the Contractor in the absence of the PME, shall be provided to the Government.

During any absence of the PME, only one alternate shall have full authority to act for the Contractor on all matters relating to work performed under the contract. The PME and all designated alternates shall be able to read, write, speak and understand English.

1.3.2.2 The PME shall be available to the COR via telephone during normal business hours.

1.3.3 QUALIFIED PERSONNEL. The Contractor shall provide qualified personnel to perform all requirements specified in this PWS and any subsequent order.

1.3.4 PERSONNEL QUALIFICATIONS AND CREDENTIALS

The Contractor staff must use qualified personnel to perform all actions under this vehicle and any subsequent order.

1.3.5 EMPLOYEE CONDUCT. Contractor employees shall comply with all applicable Government regulations, policies and procedures (e.g., fire, safety, sanitation, environmental protection, security, “off limits” areas, wearing of parts of military uniforms, and possession of weapons) when visiting or working at Government facilities. The Contractor shall ensure contractor employees present a professional appearance at all times and that their conduct shall not reflect discredit on the United States and the Housing and Urban Development Office of Inspector General.

1.3.6 REMOVING EMPLOYEES FOR MISCONDUCT OR SECURITY REASONS. The Government may, at its sole discretion, direct the Contractor to remove any Contractor employee from HUD OIG facilities for misconduct or security reasons. Removal does not relieve the Contractor of the responsibility to continue providing the services required under this agreement.

The Contracting Officer will provide the Contractor with a written explanation to support any request to remove an employee.

1.4 KICK OFF MEETING

The contractor shall be available for a Contract Kick Off meeting within 10 Business Days of the date of award. This may be in person at HUD OIG HQ or via teleconference.

1.5 PERIOD OF PERFORMANCE

The primary place of work is shall be the contractor’s facilities, unless otherwise specified at the order level.

1.6 TRAVEL

Travel may be required on an order by order basis. Any travel shall be approved in advance by the COR or Contracting Officer. Travel is subject to the Federal Travel Regulations.

1.7 SPECIAL SECURITY AND INFORMATION CONTROL REQUIREMENTS

In addition to any security requirements contained in the Terms and Conditions, the contractor shall adhere to the following:

1.7.1 CONFIDENTIALITY AGREEMENTS

The Contractor and its employee performing the work under this order must be required to submit a non-disclosure/confidentiality agreement.

2.0 GOVERNMENT TERMS AND DEFINITIONS

ARO After Receipt of Order CAPD Contracts and Procurement Division CD Communications Division CO Contracting Officer COR Contracting Officer Representative CPOC Central Point of Contact

CS Contract Specialist DOA Date of Award GFE Government Furnished Equipment HUD Housing and Urban Development MFD Multi-Function Device OEM Original Equipment Manufacturer OIG Office of the Inspector General PO Program Office SAR Semi Annual Report to Congress

3.0 GOVERNMENT FURNISHED RESOURCES

The government shall furnish necessary access to employees, facilities, and information systems as necessary for the contractor to complete the required work on an order by order basis. For access to certain information the Contractor will be required to sign a Non-Disclosure Agreement or similar documentation.

4.0 CONTRACTOR FURNISHED RESOURCES

The contractor shall furnish all resources necessary to complete the requirements on an order by order basis.

5.0 REQUIREMENTS

The contractor shall provide subject matter expertise related to HUD OIG’s GNMA audit work.

Specific expertise, as well as the timeframe in which the expertise shall be required, is not fixed.

While certain work may be able to be anticipated in advance, significant portions of HUD OIG’s eventual need are anticipated as reactionary, based on the development of ongoing audits. The contractor shall also furnish the necessary Program Management skills to oversee and coordinate their work.

5.1 AREAS of EXPERTISE

The contractor shall provide expertise on a variety of audit related areas – specific expertise shall be requested by the COR to the CTR CPOC or PM. Areas of expertise are to include:

• Residential Mortgage Backed Securities (MBS), to include Single Family and Multi Family

• Hosp/Section 232 MBS, to include Structure, Forms, Process, Life Cycle Collateral, and Key Indicators

• Structure Finance/REMICS

• Risk Assessment/Risk Modeling

• Loan Servicing

• Regulation of Banks – Capital

• NonBank Issuer – Liquidity, Financing (Ack Agreement)

• Ginnie Mae – Issuer Contract

• Federal Credit Reform

• Examiner Requirement (example: FDIC, FHFA)

• Market Issues, to include Rate Setting, Libor, SOFR

• Expertise on Ginnie Mae statutes as well as statues impacting GNMA, such as the CFO

Act, Government Corporations and, and Federal Credit Reform

• VA Insured Loans

• RHS Loans

• Role of GNMA in the economy

• HUD Governance of GNMA

• IT Security Requirements as related to GNMA

• The ‘Ginnie Mae Model’ of reliance on contractors and expansion of staff

• True Sale Accounting

• Ginnie Mae Databases (GMEP, GinnieNet)

• Multiclass Securitization/Capital Markets

• Issuer and Portfolio Management

• Securities Operations (Platform and Process)

• Complex Financing (to include nonbank liquidity)

• GAAP and GAGAS Principals

• Modeling and Econometrics

• Management Operations

• Loan Servicing and Document Custodians

• Complex Finance and Market Issues

• Legal expertise related to complex finances, MBS issues, tax laws, and e-mortgages

• Bank Examiner or equivalent (FHFA)

5.2 AUDIBILITY SURVEYS

The contractor shall provide subject matter experts to support Audibility Surveys of GNMA and/or GNMA related entities, to include:

• Assessment of Governance and Internal Controls

• Risk Assessments

• Entity specific programs (ex. FHLBC Securitization)

• Compliance with Federal, State, Local Rules and Regulations

• GNMA’s role in HUD’s Strategic Plan

• Role of GNMA in Economy and Market Issues

5.3 TRAINING

The contractor shall develop and/or provide training related to any of the subjects related to the topics specific in requirement 5.1, to include research into the given area. The COR shall request a contractor begin a Training Action via a written request. The request and initial meeting following will work to establish HUD OIG’s specific needs and requirements, to include but not be limited to: certifications, preferences for CPE/CLCs, level of expertise and scope of the training, Virtual or In-Person, and other special considerations. In response to the request, the contractor shall provide a draft Training Action Plan (TAP) for review and approval 30-45 days following the COR request unless otherwise specified.

The TAP shall include at a minimum identifying milestones for deployment, course characteristics and information, and as applicable a price breakdown for the delivery of the course utilizing contract labor rates. Following written approval of the TAP, the contractor shall provide training in accordance with the approved plan.

The training is expected to fall under one of the following categories or combination thereof:

• Delivery of an off the shelf training course

• Customization and/or Development of a training course specific to HUD OIG’s needs

• Train the trainer course

All training produced under this action that is not part of already existing commercial off the shelf solutions shall become property of HUD OIG, and HUD OIG reserves the right to record all training for later HUD OIG internal use.

5.4 REPORTING and REGULAR MEETING

The Contractor shall provide a monthly written report summarizing active orders, ceiling expenditures and any overarching issues pertaining to the operation of the vehicle to the COR.

A regular meeting will be held quarterly, to include the COR and the contractor CPOC or their designate, on a date jointly agreed to by both parties. Meetings may be held more frequently by request of the COR if needed to address emergent issues or waived if not required.

6.0 REFERENCE DOCUMENTS AND LINKS

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7.0 DELIVERABLES AND SUCCESS CRITERIA

ITEM SOW DELIVERABLE DUE BY

1 1.4 Kick Off Meeting With 10 Business Days of Award

2 5.1 Subject Matter Expertise Finalized at Order Level

3 5.2 Audibility Surveys Finalized at Order Level

4 5.3 Training (TAP) Finalized at Order Level

5 5.3 Training (Delivered) Finalized at Order Level

6 5.4 Reporting Monthly, Meetings Quarterly