Home Equity Conversion Mortgage Business Service Provider (HECM-BSP)
Awarded Limited / Sole Source Justification Posted
- Solicitation number
- 86615720R00020
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 86615720R00020 Federal contract award
- Awardee
- Reverse Market Insight, Inc.
- NAICS code
- 52239 Other Activities Related to Credit Intermediation
- PSC
- R710 Support- Management: Financial
- Place of performance
- Washington DC 20410 USA
Notice details come from SAM.gov. Updated .
About this opportunity
The Department of Housing and Urban Development published a Limited/Sole Source Justification Notice to award a bridge contract to Reverse Mortgage Insight Inc. to provide Home Equity Conversion Mortgage Business Services. The services include managing HUD's HECM loan portfolio and insurance program through a web-based system, providing access to loan-level data and reporting tools, reconciling loan balances with transactions, and adapting to program changes. A break in services would severely impact the HECM program and HUD's ability to support borrowers and partners, as Reverse Mortgage Insight has the existing system, data, trained staff and technical expertise to provide the required services without disruption. The value of the bridge contract is $9,315,183.23 to cover the period of September 30, 2020 through March 31, 2021, with an option to extend through September 29, 2021, while HUD conducts a new competition for these services.
Notice text
Awarded contract 86615720R00020 to unknown vendor for unknown amount on 2020-09-30.
Files
| File | Type | Posted |
|---|---|---|
| P42 Cover page 24012.pdf | ||
| P42 JOFOC 9-16-20.docx | DOCX document |
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