Request for Information
Closed Pre-Solicitation Posted
- Solicitation number
- CFP-25-RFI-0001
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- Not on record
- PSC
- Not on record
- Place of performance
- Washington, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The Consumer Financial Protection Bureau (CFPB) has issued a Request for Information (RFI) to identify potential data and service providers to power the Mortgage Interest Rate Explorer tool on the CFPB's public website. The objective of this RFI is to conduct market research and find cost-efficient vendors who can provide the required scope of data and services, which includes interest rate and discount point data across a range of input variables such as institution, state, property occupancy, loan purpose, and more. The CFPB has set minimum requirements for data coverage, including approximating 75% of the mortgage market, and technical delivery capabilities, such as providing data in .csv format or via an authenticated API with updates at least twice weekly. Vendors are requested to provide a sample of their data, details on their offering, pricing estimates, and information on their federal contracting capabilities, with responses due by 12pm ET on November 12, 2024.
This RFI is not a solicitation and does not promise an upcoming award or contract. It is a pre-solicitation notice to gather market information. There is no set-aside designation, and the CFPB has not named any potential incumbents or current contractors. The CFPB has not provided any specific award value or budget range information, and the RFI does not specify a quantity of goods or timeline for services.
Notice text
THIS IS A REQUEST FOR INFORMATION ONLY.
There is no promise of an award or an upcoming solicitation.
Background:
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Pub. L. 111-203)
established the Consumer Financial Protection Bureau (CFPB) to regulate the offering and
provision of consumer products or services under federal consumer financial laws. Consistent with the purposes of the Dodd-Frank Act, CFPB’s mission is to establish and enforce clear, consistent rules for the financial marketplace, protect American families from unfair financial practices, and develop and implement a strategy to improve the financial literacy of consumers.
The CFPB is charged with “developing and implementing initiatives intended to educate and
empower consumers to make better informed decisions” (12 U.S.C. § 5493(d)). As part of its work to fulfill this educational mandate, the CFPB has developed a set of tools and resources to help consumers navigate the uncertain financial terrain between themselves and their goals.
One of such tools is called Mortgage Interest Rate Explorer (Explorer), which helps consumers (homebuyers or homeowners) understand what interest rates they can expect to receive on their mortgage loan, based on their personal characteristics, including credit score, physical location, and loan amount. The tool helps consumers be better prepared to shop for a loan
by giving them a greater understanding of the current market. It also helps them evaluate their loan offers to see if they have gotten a good deal relative to what would be expected in the market for someone with their personal characteristics.
Purpose of RFI:
The objective of this RFI is to conduct market research to find potential data and service providers to power the Explorer tool from a cost-efficiency perspective.
The CFPB wants to identify vendors who can provide the scope of the data and service that falls into the following categories: data requirements, data coverage, data quality and technical delivery.
see attached PDF file with RFI and instructions.
Files
| File | Type | Posted |
|---|---|---|
| CFPB-RFI-25-RFI-0001-MortgageData.pdf |
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