Lender Recertification Agent Services

MassHousing is issuing a Request for Proposals (RFP) for Lender Recertification Agent Services, seeking a qualified consultant to provide comprehensive compliance and due diligence services for their mortgage lending operations. The contract will be a three-year initial term with the option of five additional one-year extensions, potentially totaling eight years. The selected vendor will be responsible for managing MassHousing's approximately $4.0 billion loan portfolio, which comprises over 25,000 first and second residential mortgage loans. Key services include vendor management, third-party data compilation, periodic review of commitment pull-through rates and delinquency data, coordination of financial statements, banking quality control, and utilization of the Comergence platform. The RFP requires detailed pricing structures and competitive pricing for governmental and non-profit agencies. Proposal submissions are due by 5:00 PM EST on January 6, 2025, with subsequent evaluation occurring on January 10, 2025, reference checks on January 14, 2025, and final vendor selection on January 17, 2025. Respondents must demonstrate operational expertise in mortgage lending compliance and provide comprehensive documentation of their capabilities.

The RFP strongly emphasizes diversity, equity, and inclusion, requiring respondents to provide documentation of diverse business certifications and supplier diversity programs. While no specific set-aside designations are explicitly mentioned, MassHousing appears to encourage participation from diverse and minority-owned businesses. All proposal-related costs will be the responsibility of the respondent, and no formal bidder's conference is scheduled. The procurement is specifically targeting Suffolk County within Massachusetts and seeks a vendor capable of performing detailed operational due diligence across MassHousing's extensive loan portfolio. Though the exact budget range is not specified, the scale of the $4.0 billion loan portfolio suggests a significant contract value. Prospective vendors must be prepared to integrate with existing technological infrastructure, particularly the Comergence platform, and demonstrate a comprehensive understanding of mortgage lending compliance requirements. The contract's potential eight-year duration indicates MassHousing's intent to establish a long-term partnership with a highly qualified lender recertification agent.