RFI_Ginnie Mae MBSIBA.docx

Request for Information

General Services Administration National Capital Region

Mortgage-Backed Securities Issuance & Bond Administration (MBSIBA) in support of the Government National Mortgage Association (Ginnie Mae)

I. Purpose The purpose of this Sources Sought Notice is to assist the Government in identifying potential sources that meet the following criteria:

a) Federally-chartered bank or a state-chartered bank or trust company regulated by the Federal Reserve System or the Federal Deposit Insurance Corporation;

b) Federally-chartered bank or a state-chartered bank or trust company that has a business relationship with the Federal Reserve Bank of New York;

c) Federally-chartered bank or a state-chartered bank or trust company that is approved for and capable of transferring funds and delivering single class and multiclass Mortgage-Backed Securities through the Federal Reserve Bank system and:

i) Act as a Pool Processing Agent;

ii) Act as Collection and Paying Agent;

iii) Act as Trustee for Platinum;

iv) Act as Real Estate Mortgage Investment Conduit (REMIC) Information Agent; and

d) Federally-chartered bank or a state-chartered bank or trust company that can conduct operations within the fifty (50) United States and the District of Columbia.

II. Background The Government National Mortgage Association (Ginnie Mae) Mortgage-Backed Securities (MBS) programs include Single Family, Multifamily, Manufactured Housing, Home Equity Conversion Mortgages (HECM) and Multiclass securities. These programs help to channel funds from the nation's capital markets into the housing market. The U.S. Government's full faith and credit guarantee makes MBS securities widely acceptable to capital markets investors which choose to invest in primary mortgages because of the guarantee. Issuers that receive funds through the sale of MBS securities can use the capital to make additional residential and other types of mortgage loans. Through this process, the MBS program increases the overall supply of credit available for housing and helps to ensure that credit is available at reasonable interest rates.

The Pool Processing Agent and Central Paying and Transfer Agent (PPA/CPTA) services are the primary services that support Ginnie Mae’s over $2 trillion MBS portfolio. These services support the day-to-day operations for the PPA/CPTA, the Platinum Trustee and the Multiclass Information Agent program requirements using Ginnie Mae’s proprietary Securitization Platform. These services are highly customized and automated and shall be executed through Ginnie Mae’s proprietary applications that consist of Ginnie Mae’s Securitization Platform.

Ginnie Mae’s Securitization Platform is an all-encompassing term for the numerous proprietary business applications, databases and systems necessary to support the issuance and administration of Ginnie Mae’s MBS programs. The Securitization Platform supports Issuer, Document Custodian and Investor user interfaces, including the management of the MyGinnieMae Portal. The Securitization Platform is supported by multiple Ginnie Mae business partners.

Currently, the PPA/CPTA services are performed by the Bank of New York Mellon (BNYM) to support Ginnie Mae’s MBS program. The period of performance under the current contract with BNYM is 1/1/2019 through 12/31/2019 with two, one-year options ending 12/31/2021. The current contract also contains an additional option provision for extension of services for up to six months through 6/30/2022, if exercised.

III. Overview GSA, on behalf of Ginnie Mae, intends to conduct a full and open competitive procurement for Mortgage-Backed Securities Issuance & Bond Administration (MBSIBA) services. The contract is planned to be awarded by December 2020.

The proposed MBSIBA contract will support Ginnie Mae’s securitization process, which includes the following task areas: MBS pool processing, delivery of securities, collection and payment of funds, transfer of Mortgage Servicing Rights (MSRs), Operations and Maintenance (O&M), hosting of the related Ginnie Mae pool processing and paying and transfer agent systems, applications and software, and hosting migration services as outlined below: (see the attached draft Performance Work Statement (PWS) for additional details)

1. Grant and manage access to Ginnie Mae applications via the Ginnie Mae Enterprise Portal and ensure program participants meet MBS program guidelines;

2. Process mortgage pool and loan information documents for issuing securities and for issuing Platinum pools. This includes performing all required pooling prerequisites and subsequent pooling activities to enable the delivery of securities;

3. Receive and process Issuer requests to transfer MSR to other Ginnie Mae Issuers in good standing. This includes ensuring that Issuers have submitted all information using the Pool Transfer System, duly approved and properly executed in accordance with Ginnie Mae program requirements as outlined in the Ginnie Mae MBS Guide (available on Ginnie Mae’s website at www.ginniemae.gov). Collect all required servicing transfer fees and forward to Ginnie Mae;

4. Deliver issued pools to Federal Reserve for settlement;

5. Maintain a Central Registry of outstanding Ginnie Mae Single Class and Multiclass securities. Maintain the official security holder record for each MBS issuance in the Ginnie Mae provided electronic on-line system on a real time basis. Maintain and update the Ginnie Mae Central Registry of security holders when securities are transferred or exchanged;

6. Act as Ginnie Mae’s collection and paying agent. Act as Ginnie Mae’s collection agent for principal and interest (P&I) payable by Issuers for all Ginnie Mae I and Ginnie Mae II securities; guaranty fees due to Ginnie Mae for both the Ginnie Mae I and Ginnie Mae 11 programs; as well as other fees or assessments as described in the MBS Guide. Act as Ginnie Mae’s paying agent for Ginnie Mae I and Ginnie Mae 11 securities; make all emergency payments for Ginnie Mae I securities where the responsible Issuer cannot make payment; and other payments as Ginnie Mae shall require;

7. Act as the trustee for Platinum MBS. Perform the monthly administration of all Platinum securities, which includes the issuance, delivery of trust receipt and disclosure of factors on Platinum securities. On a monthly basis, perform financial analysis and maintain the Multiclass Database containing information on outstanding Platinum securities, listing of pools backing each Platinum security, and related information;

8. Act as the Ginnie Mae Real Estate Mortgage Investment Conduit (REMIC) Information Agent for all Ginnie Mae guaranteed Multiclass Securities and provide REMIC support services. Maintain Ginnie Mae’s REMIC automated system database on REMIC offering circular supplements, listing of pools backing each REMIC, and related information;

9. Provide a Data Center Facility that meets FedRAMP requirements. A FedRAMP certification or equivalent incorporating National Institute of Standards and Technology (NIST) SP 800-53 security controls must be met.

10. Provide O&M, hosting of infrastructure, ensuring and maintaining compliance, and minor software enhancement services for Ginnie Mae’s systems and applications. This will include establishing and maintaining security of all platforms supported as per Ginnie Mae and federal security requirements. Systems and applications include web-based and mainframe based technologies, software and related processes. O&M support includes patching all infrastructure, operating systems and applications, corrective action to production systems from defects (“bug” fixes) as well as changes to accommodate new requirements or minor enhancements to functionality, process improvements, or infrastructure. Provide support for data architecture, configurations, compliance, operational and technical incident reporting, data, quality assurance, and help desk activities. The Contractor shall maintain Ginnie Mae’s technical infrastructure through patch management, security vulnerability remediation, and performance of the system(s);

11. Provide corrective, adaptive and other major enhancements to existing systems as part of Ginnie Mae’s modernization initiatives. In addition, provide integrated Software Development and Next Gen support. The Contractor is required to collaborate with Ginnie Mae’s business partners on Integrated Project Teams (IPT) for new software development and Next Gen initiatives that will be undertaken by Ginnie Mae’s Software Development - Information Technology Services Multiple Award Blanket Purchase Agreement (BPA) Contractors. This could include requirements development support, technical design support, testing services, integration of the new or enhanced applications with the MBSIBA systems and applications and deployment into the MBSIBA’s application environment;

12. Provide program participant training and attend and support Ginnie Mae at conferences relating to PPA/CPTA activities;

13. Create and maintain records and archives related to PPA/CPTA activities;

14. Implement and maintain a Disaster Recovery Plan to ensure continuity;

15. Develop and maintain a Continuity of Operations Plan to ensure continuity;

16. Provide support for audits such as Statement on Standards for Attestation Engagements (SSAE) 18 Type II, Service Organization Controls Report (SOC) I and SOC II, Right to Audit, Federal Information System Controls Audit Manual (FISCAM), 0MB Circular A-123 - Management’s Responsibility for Internal Control (0MB A-123), Office of Inspector General (OIG) audits and other types of reviews and audit support; and

17. Optional Data Center Migration services. Support Ginnie Mae and its IT Infrastructure Consolidation (ITIC) Provider in developing and implementing an infrastructure migration plan to migrate the portable systems and applications from current Contractor sites to the ITIC Provider. This includes migrating the portable hosted systems and applications to the ITIC Provider and establishing, and supporting DevSecOps infrastructure for MBSIBA applications.

IV. RFI Response Submission Instructions Interested parties are requested to provide the following information:

· Table 1: Corporate Overview (table provided below)

· Table 2: Corporate Experience Examples (table provided below)

· Corporate Capabilities and Approaches (questionnaire provided below)

Responses must be provided in the format as outlined below:

V. Response Due Date Responses to this RFI must be submitted no later than 2:00 PM EST, March 31, 2020.

Responses must be submitted via email to: raymond.meraz@gsa.gov with a courtesy copy to reva.hutchinson@gsa.gov. with the subject line “[COMPANY NAME], RESPONSE TO GINNIE MAE MBSIBA RFI”.

No telephone calls will be accepted.

NOTE: GSA and Ginnie Mae are planning to host a virtual Industry Day for MBSIBA. A separate notice will be posted providing specific information.

VI. Disclaimer

This RFI is issued solely for information and planning purposes and does not constitute a Request for Proposals (RFP). The Government does not intend to award a contract based on responses to this RFI. Response to this notice is not a request to be added to a bidders list or to receive a copy of a solicitation. No reimbursement will be made for any costs associated with providing information in response to this announcement and any follow up information requests. The Government may not respond to any specific questions or comments submitted in response to this RFI or information provided as a result of this request. Any information submitted by respondents as a result of this notice is strictly voluntary. All submissions become GSA’s property and will not be returned. Not responding to this RFI does not preclude participation in any future solicitation, if issued. The attached draft PWS describes only the currently contemplated possible scope of services and may vary from the work scope in the final PWS included in any solicitation.

Table 1: Corporate Overview (page limit: no longer than one double sided page or a total of two single pages)

Name of Company

Name of Business Unit Responding to the Sources Sought Notice (if applicable)

DUNS Number

CAGE Code

Corporate Address

Website URL

One Point of Contact (POC) (Enter name, phone number, and email address) Name:

Phone #:

Email:

· NO

Identify primary NAICS code registered in the System for Award Management (SAM)

Type of Small Business, if applicable (e.g., Woman-Owned, Service Disabled Veteran Owned, 8(a), HUBZone)

GSA Schedule number and/or Governmentwide Acquisition Contract Number, if applicable

· NO

□ NO

□ NO

□ NO

□ NO

GSA Schedule number and/or Governmentwide Acquisition Contract Number

Table 2: Prior and Current Corporate Experience (page limit: Corporate Experience shall be no longer than three double sided pages or a total of six single sided pages. All Corporate Experience must be performed by the respondent as a Prime contractor.)

Per the Corporate Overview provided above, please respond to the following inquiries (Note: If your company is divided into separate business units, responses shall be based upon the Corporate Experience of the business unit responding to this Source Sought Notice):

Please complete the below template for prior Corporate Experiences performed in the last five years in which the contractor (serving as prime contractor) provided or currently provides services similar in size, complexity, and scope to the stated requirements and technical environment as reflected in Section III of this RFI and the attached draft Performance Work Statement (PWS).

Contract Vehicle/Contract/Task Order#

Contract/Project Name

Value at Award

Value at Completion/Current Value

· Firm-Fixed-Price (FFP)

· Cost-Plus-Incentive-Fee (CPIF)

· Cost-Plus-Award-Fee (CPAF)

Client Department or Agency

Project Description

Client POC, Name, E-mail, Phone

Percentage of Services Sub-contracted

Corporate Capabilities and Approaches Questionnaire (no longer than six double sided pages or a total of twelve single sided pages)

a. Provide a summary highlighting the relevance of your past experience providing the same or similar services outlined in Section III of this RFI and the attached PWS.

b. Describe your company’s experience migrating applications and infrastructure of similar complexity and scope to the services outlined in Section III of this RFI and the attached PWS. Indicate the anticipated timeframe for completing this type of migration.

c. Describe your company’s capability to meet the FedRAMP requirements identified in Section C.4.6.4(a)(4) of the attached draft PWS.

d. Indicate the estimated length of time needed to review and analyze the environment to prepare a Transition-in Plan.

e. Indicate the estimated length of time required to fully transition-in.

f. Describe your company’s capability, experience, and methodology for properly staffing a contract similar in size, scope, and complexity as referenced in Section III of this RFI and the attached draft PWS.

g. Indicate whether the MBSIBA services are of the type customarily available in the commercial marketplace that would meet the definition of a commercial item at FAR Subpart 2.1.

h. Indicate the contract type and the payment model that would work best.

i. Describe your company/business unit’s methodology for promoting small business participation in support of a requirement similar in size, scope, and complexity as referenced in Section III of this RFI and the attached draft PWS.

j. Identify, if any, risks or other factors your company foresees that may deter your company from submitting a proposal on the MBSIBA requirement?

k. Indicate what additional information, details, or items your company would need in a solicitation in order to provide a proposal.

l. Provide any additional comments/suggestions and/or insights for the government’s consideration related to the proposed acquisition and the attached draft PWS.

m. Indicate your interest in attending a virtual Industry Day.