Mortgage Rate Lock
Closed Solicitation Posted
- Solicitation number
- 9531CB24Q0058
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 522310 Mortgage and Nonmortgage Loan Brokers
- Place of performance
- Washington, District of Columbia, United States
- Points of contact
-
- Michael Villano michael.villano@cfpb.gov
Notice details come from SAM.gov. Updated .
About this opportunity
The Consumer Financial Protection Bureau (CFPB) Research, Markets, and Regulations (RMR) Division is seeking to subscribe to residential mortgage rate lock offering data with substantial national coverage, including the ability to search pricing offerings under various scenarios. The data must include historical data from 2013-2023 and ongoing updates to provide a comprehensive picture of price trends in the residential mortgage market, including loan-level details such as property information, loan characteristics, pricing, and credit attributes. The CFPB will evaluate proposals using the Lowest Priced Technically Acceptable procedure, and proposals are due by May 27, 2024. The initial contract period is for 36 months, with two 12-month option periods.
This opportunity is not set aside for any particular business category. The CFPB has determined that Optimal Blue is the sole source that can meet the technical and data coverage requirements. The estimated value of the contract has not been disclosed, but the CFPB intends to compare the proposed pricing to publicly available data and prices paid by other federal agencies to ensure the cost is fair and reasonable. The place of performance is Washington, DC.
Notice text
This is a combined synopsis/solicitation for commercial products or commercial services prepared in accordance with the format in subpart 12.6, as supplemented with additional information included in this notice. This announcement constitutes the only solicitation; proposals are being requested and a written solicitation will not be issued.
The Consumer Financial Protection Bureau (CFPB) Research, Markets, and Regulations (RMR) Division seeks to subscribe to residential mortgage rate lock offering data with substantial national coverage, including capacity to search pricing offerings available under various scenarios. The Office of Research is seeking data that is also made available to other government agencies, regulators and researchers so that the CFPB could replicate and enhance the research by others to further the Bureau’s missions. This data can provide a more comprehensive picture of the price setting affecting residential mortgages and most recent market trends than what is currently available from other sources.
The provision at 52.212-1, Instructions to Offerors-Commercial Products and Commercial Services, applies to this acquisition.
The clause at 52.212-4, Contract Terms and Conditions-Commercial Products and Commercial Services, applies to this acquisition.
The clause at 52.212-5, Contract Terms and Conditions Required To Implement Statutes or Executive Orders-Commercial Products and Commercial Services, applies to this acquisition.
Attachments
| File | Type | Posted |
|---|---|---|
| Attachment II - Pricing Table.xlsx | XLSX spreadsheet | |
| 9531CB24Q0058 -Mortgage Rate Lock.pdf | ||
| SSJ_Optimal Blue_Redacted.pdf |
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