Renewal and Change Order Notice: Loan Origination System

The Illinois Housing Development Authority (IHDA) is exercising the first renewal option with ICE Mortgage Technology for its Loan Origination System. This procurement is not a solicitation, but rather a renewal notice. The initial contract was awarded for a 4-year term at a total award amount of $5,850,000, with three 2-year renewal options valued at $5,850,000, $5,064,000, and $4,176,000 respectively. The contract was procured through the Invitation for Bid process, and the award was made to the lowest priced responsive and responsible bidder. The goods and services being procured include the continued use and maintenance of the Loan Origination System to support IHDA's mortgage lending activities in Cook County, Illinois.

There are no set-aside designations or restrictions on the types of organizations that can respond to this renewal notice. The incumbent vendor, ICE Mortgage Technology, Inc., is not required to meet any Business Enterprise Program (BEP) or Veteran Business Program (VBP) utilization goals. IHDA's agency contact for this contract is Amanda Carone. The renewal notice was posted on May 19, 2023, and the due date for any potential changes is June 2, 2023.