Loan Servicing Project: MultiFamily Loan Guarantee Programfor Homeless VeteransDepartment of Veterans Affairs

The Department of Veterans Affairs (VA) seeks complete mortgage loan servicing for the Multi Family Transitional Housing Facilities for Homeless Veterans Loan Program. The NAICS code is 522310. The duration of the contract period is to be one year.The primary objectives to be accomplished under this procurement are to provide the VA with complete mortgage loan servicing for the Multi Family Loan Program referenced above.

The Servicer will be expected to perform the loan servicing responsibilities that are customary in the mortgage industry. This will entail communicating directly with the borrower, and to represent the interests of the VA and the Federal Financing Bank. Key task will include, but are not limited to: fund collection and disbursement; general escrow administration and analysis; repair/replacement escrow administration; physical inspections of property; ownership transfers; UCC renewals; prepayment of morgage; initial assessment of delinquency; detailed assessment of delinquency; loan reporting and accounting and maintaining accurate accounting and borrower payment records.

The procedure to be used to award the contract are the evaluation of written proposals submitted in response to a Request for Proposals.

The anticipated award date will be by October 1, 2008.