HECM Loan Comparison and Underwriting Tool (HLCUT) for Home Equity Conversion Mortgage (HECM)

Closed Solicitation Posted

Solicitation number
86615624R00007
Agency
Responses due
Set-aside
Total Small Business

Opportunity facts

Place of performance
Washington, District of Columbia, United States

Notice details come from SAM.gov. Updated .

About this opportunity

The Department of Housing and Urban Development (HUD), Office of Housing Counseling (OHC) is seeking a contractor to develop and maintain a HECM Loan Comparison and Underwriting Tool (HLCUT) for Home Equity Conversion Mortgage (HECM) roster counselors. The HLCUT must provide secure online access and calculations on all HECM loan products, including costs, amortization schedules, and tracking of required client questions during counseling sessions. Key contract requirements include delivering the HLCUT within 60 days, providing online training, applying updates without disrupting access, and submitting monthly reports. Proposals are due by July 22, 2024 at 2:00 PM ET, and any questions from offerors are due by July 2, 2024.

This is a total small business set-aside with a NAICS code of 541611 for Administrative Management and General Management Consulting Services. The incumbent contractor is Ibis Software Corporation, and the contract is anticipated to be a firm-fixed price with a 12-month base period and four 12-month option periods. The place of performance is Washington, DC, and the total estimated contract value for the base year and four option years is provided.

Notice text

The Department of Housing and Urban Development (HUD), Office of Housing Counseling (OHC) is seeking Contractor support to develop and maintain a HECM Loan Comparison and Underwriting Tool (HLCUT) for Home Equity Conversion Mortgage (HECM) roster counselors with secure online access. The HLCUT shall provide calculations on all types of HECM loan products including cost of origination, servicing, mortgage insurance premium, amortization schedules, total annual loan cost and track responses to required client questions during counseling sessions.

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