Renewal Notice: Mortgage Loan Quality Control Review (Renewal Option 4 of 4)

This is a renewal notice for a contract between the Illinois Housing Development Authority (IHDA) and Adfitech, Inc. for Mortgage Loan Quality Control Review services. The contract is for a 24-month term from December 17, 2021 to December 16, 2023, with a total award amount of $491,137.50. This represents the fourth renewal option under the original contract, which was procured through the Invitation for Bid process and awarded to the lowest priced responsive and responsible bidder. The contract requires the vendor to adhere to certain COVID-19 protections, such as the use of face coverings, vaccination, or testing requirements, as mandated by the Executive Orders issued by the Governor of Illinois. The renewal remains subject to the review and formal approval of IHDA's Board, and if the Board does not approve the renewal, IHDA will cancel the renewal.

The contract does not have any set-aside goals for Business Enterprise Program (BEP) or Veteran Business Program (VBP) participation. The estimated financial return to the State and the estimated gross revenue to the vendor for the life of the contract, including renewals, is listed as N/A. The purchasing agency's written determination indicates the rationale for the award decision is reasonable and serves as the basis for the contract decision.