J&A Home Equity Conversion Mortgage (HECM) Bridge
Awarded Limited / Sole Source Justification Posted
- Solicitation number
- HUD2244
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 86614922C00005 Federal contract award
- NAICS code
- 522390 Other Activities Related to Credit Intermediation
- PSC
- R710 Support- Management: Financial
- Place of performance
- Tulsa, Oklahoma, United States
Notice details come from SAM.gov. Updated .
About this opportunity
The Department of Housing and Urban Development published a Limited/Sole Source Justification Notice on September 1, 2022 to award a bridge contract to Compu-Link Corporation doing business as Celink. The bridge contract is to provide Home Equity Conversion Mortgage loan servicing support for over 156,172 loans valued at $18,311,567, to ensure continuous payments to more than 4,000 elderly borrowers, as the agency takes corrective action on the long-term competitive procurement award. Due to Celink's expertise and capacity as the largest reverse mortgage subservicer, it can ensure mission critical servicing continues uninterrupted from September 1 to November 30, 2022, pending resolution of the competitive award procurement, to prevent any disruption in payments or services to borrowers.
Notice text
2 versions
Update #2 · Latest ·
This is a special notice to inform that Department of Housing Development issued a contract to Compu-Link dba Celink on September 1, 2022 for $18,001,624.00 under FAR Part 6.302-2 Unusual and Compelling Urgency under contract number 86614922C00005.. This synopsis is not considered a Request for Quotation or Proposal. No solicitation document is available and telephone requests will not be honored. No contract will be awarded on the basis of offers received in response to this notice. A Justification for Unusual and Compelling Urgency is attached. For any further questions regarding this special notice, please contact the Contract Specialist, Christopher S. Stuart, at email address, Christopher S.Stuart@HUD.gov.
September 6, 2022: Exhibt 1, with corrected section 3.c. uploaded.
Awarded contract 86614922C00005 to unknown vendor for unknown amount on 2022-09-01.
Update #1 ·
This is a special notice to inform that Department of Housing Development issued a contract to Compu-Link dba Celink on September 1, 2022 for $18,001,624.00 under FAR Part 6.302-2 Unusual and Compelling Urgency under contract number 86614922C00005.. This synopsis is not considered a Request for Quotation or Proposal. No solicitation document is available and telephone requests will not be honored. No contract will be awarded on the basis of offers received in response to this notice. A Justification for Unusual and Compelling Urgency is attached. For any further questions regarding this special notice, please contact the Contract Specialist, Christopher S. Stuart, at email address, Christopher S.Stuart@HUD.gov.
Awarded contract 86614922C00005 to unknown vendor for unknown amount on 2022-09-01.
Attachments
| File | Type | Posted |
|---|---|---|
| Exhibit 1 - JA Celink Bridge Correction.pdf | ||
| Exhibit 1 - JA Celink Bridge.pdf | ||
| HUD-24012 JOFOC Celink Bridge.pdf |
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