Renewal 2 of 3 and Amendment Notice: Loan Origination System

The Illinois Housing Development Authority (IHDA) is executing its second renewal option with ICE Mortgage Technology for a Loan Origination System contract. This procurement involves a technology service renewal spanning from July 1, 2025, to June 30, 2027, with a total renewal amount of $4,864,000. The contract, identified by renewal bid number 25-551HDA-INFOT-B-46963, represents a continuation of an existing technology solution for managing mortgage loan processing and related administrative functions. The renewal was approved and signed by Heather Crain on June 6, 2025, following the standard procurement protocols of the State of Illinois Chief Procurement Office for General Services. The contract appears to be a direct renewal without a new competitive solicitation, suggesting satisfaction with the current vendor's performance and the system's capabilities.

The contract renewal does not indicate any specific set-aside designations or restrictions on organizational participation. No Business Enterprise Program (BEP) or Veterans Business Program (VBP) subcontractors were identified in the documentation. The incumbent vendor, ICE Mortgage Technology, is continuing to provide the Loan Origination System, which implies a stable technology infrastructure that will be maintained through this renewal period. The total contract value of $4,864,000 represents the financial commitment for the two-year renewal term, though specific line-item breakdowns were not provided in the available documentation. The renewal appears to be a straightforward extension of an existing technology service agreement, with no indication of major modifications to the original contract terms or scope of services.