Residential Mortgage Credit Reports Services

The Maryland Department of Housing and Community Development (DHCD) is seeking bids for Residential Mortgage Credit Report (RMCR) Services through Solicitation Number BPM046019, specifically targeting tri-merge credit reports for single-family homeownership loan applicants. The procurement involves providing comprehensive credit reports that include data from all three major credit reporting agencies: Equifax, Experian, and TransUnion. Bidders must have a minimum of three years of experience providing RMCRs and must submit an Experience Affidavit demonstrating their qualifications. The contract will be awarded on a per credit report flat fee basis, with an estimated annual volume of 352 single individual reports and 48 joint individual reports. The solicitation includes a two-year base contract period, with the state intending to make a single award based on the most favorable bid price. A pre-bid conference is scheduled for 05/21/2025 at 1:00 pm, with questions due by 05/28/2025 and final bids due by 06/04/2025, both at 4:00 pm. Bids will be submitted through the electronic procurement system eMMA, and the state requires precise pricing submission without amendments or alterations.

There are no specific Minority Business Enterprise (MBE) or Veteran-Owned Small Business Enterprise (VSBE) subcontracting goals for this procurement. The contract requires the successful bidder to maintain commercial general liability insurance of $1 million per occurrence and $3 million annual aggregate, along with errors and omissions/professional liability insurance with similar coverage limits. The procurement is not federally funded, and there are no guaranteed minimum or maximum volumes of reports. The contractor will be required to provide credit reports through a secure portal, with the contract being awarded to the most financially advantageous bidder. While the exact contract value is not explicitly stated, the estimated yearly volume suggests a moderate-sized contract opportunity. Bidders must provide comprehensive company details, including their Federal Employer Identification Number (FEIN) and eMMA number, and submit an authorized representative's signature with their proposal. The procurement is specific to Prince George's County, Maryland, and is designed to support the county's residential mortgage credit reporting needs.