Home Equity Conversion Mortgage (HECM) Justification Sole Source

LEASE READ THIS NOTICE CAREFULLY AS IT CONSTITUTES THE ONLY NOTICE THAT WILL BE PUBLISHED.

The Department of Housing and Urban Development (HUD)intends to negotiate a sole source fixed priced contract for one three (3) month base and one Nine (9) month option periods with the following company.

Compu-Link Corporation

14002 East 21st Street, Suite 300; Tulsa, OK 74134

HUD has prepared a sole source justification on the basis of other than full and open competition for this effort. HUD intends to negotiate with only one source under the authority of 6.301-1 Only One Responsible Source and No Other Supplies or Services Will Satisfy Agency Requirements. HUD has a requirement for servicing a portfolio of over 100,000 Home Equity Conversion Mortgage (HECM) loans with specialized experience in HECM, FHA insured and Secretary-Held  first, second, subordinate notes and mortgages.

The North American Classification System Code (NAICS) for this requirement 522390 Other Activities Related to Credit Intermediation with a NAICS size stand of $20.5 Million. This notice will be distributed solely through the beta.sam.gov website. Interested parties are responsible for monitoring the sam.gov website to ensure they have the most up to date information regarding this acquisition. This notice satisfies the requirement of FAR 5.102(a)(1) and 5.103(a)(1). This Notice of Intent to Sole Source is not a request for quotes. Information received in response to this notice will be considered solely for the purpose of determining whether a competitive procurement is in the best interest of the Government. If no written responses by the date listed below, which reflect 3 business days from the posting of this notice, the solicitation will be issued to Compu-Link Corporation.

Interested parties may identify their interests and capabilities to the attention of Christopher Stuart, email address Christopher.S.Stuart@hud.gov. Emailed responses will only be considered and must identify their capabilities in writing no later than 4:00 PM Easter Time, November 5, 2024.