FRP - VA Mortgage Loan Services

Added: Jun 28, 2011 1:10 pm Modified: Jun 29, 2011 10:41 amTrack Changes The Department of Veterans Affairs (VA) will be issuing a solicitation in support of Veterans Benefits Administration Department of Veterans Affairs Central Office's (VBAVACO) Loan Guaranty Service (LGY).



LGY administers a home loan program that promotes home ownership among our nation's Veterans and active duty personnel. The program provides Federal home loan guarantees on residential property purchased by veterans and service members. As a byproduct of the guarantee program, VA may become the holder of Real Estate Owned (REO) and loans. LGY currently has two (2) contract vehicles to service loans (approximately 20,000 loans) and to manage Real-Estate Owned (REO) property (approximately 15,000 properties) within the United States (U.S.). The U.S. is defined as the 50 States, Territories and possessions, the District of Columbia (D.C.), the Commonwealth of Puerto Rico and the Commonwealth of the Northern Mariana Islands. VA has decided to merge the contracts into the Real Estate Owned and Portfolio Servicing Contract (RPSC) to reduce costs. The VA is seeking a contractor to manage REO and loans under the RPSC Contract.



The requirement will be competed under full and open completion; therefore all responsible parties are encouraged to respond. Offerors shall meet all requirements as outlined in the solicitation. The solicitation, all related documents and amendments, if any, will only be released and available electronically through the FedBizOpps posting system at http://www.Fedbizopps.gov on or about July 13, 2011. Since this solicitation will only be available electronically, it is solely the responsibility of interested parties to monitor the FedBizOpps website for any solicitation amendments.