S00R3600017 - Three-In-One Credit Serv - Q&A #1.pdf

WES MOORE

Governor

ARUNA MILLER

Lt. Governor

JACOB R. DAY

Secretary

OWEN MCEVOY

Deputy Secretary

MARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT

7800 Harkins Road ● Lanham, MD 20706 ● dhcd.maryland.gov

301-429-7379 ● 1-800-756-0119 ● TTY/RELAY 711 or 1-800-735-2258

Questions and Answers # 1

Solicitation No. S00R3600017

Three-In-One Credit Services

This list of Questions and Answers is being issued to clarify certain information contained in the above named solicitation. The statements and interpretations of contract requirements, which are stated in the following questions of potential offerors, are not binding on the State, unless the State expressly amends the RFP through an addendum. Nothing in the State’s responses to these questions is to be construed as agreement to or acceptance by the State of any statement or interpretation on the part of the potential bidder asking the question as to what the contract does or does not require.

1.Question

Can you provide the volume of reporting? Is it weekly, bi-weekly or monthly reporting that is required?

1. Answer

Requests for credit reporting can vary from every day to once a week or once a month. There is no set schedule for running credit reports. It depends on the volume of creditable mortgage applications that come in to the Special Loans programs. In terms of the volume of reporting overall, as an example only, below is a breakdown of reporting requested for the past year:

2/2023 - 36 reports (24 individual reports; 12 joint reports)

1/2023 - 42 reports (34 individual reports; 8 joint reports)

12/2022 - 25 reports (21 individual reports; 4 joint reports)

11/2022 - 21 reports (13 individual reports; 8 joint reports)

10/2022 - 36 reports (1 - update; 28 individual reports; 7 joint reports)

9/2022 - 20 reports (2 - updates; 14 individual reports; 4 joint reports)

8/2022 - 42 reports (1 -update; 36 individual reports; 5 joint reports)

7/2022 - 30 reports (21 individual reports; 9 joint reports)

6/2022 - 37 reports (29 individual reports; 8 joint reports)

5/2022 - 45 reports (1 - update, 36 individual reports; 8 joint reports)

4/2022 - 39 reports (2 - updates; 32 individual reports; 5 joint reports)

3/2022 - 33 reports (26 individual reports; 7 joint reports)

2. Question

Can you tell us what the current price is per report?

2. Answer

$20 for individual report; $40 for a joint credit report.

By: ___________________________3/21/2023__

Joy Niles, Date

Procurement Officer