Underwriting reviews for SC housing mort

The South Carolina State Housing Finance and Development Authority (SC Housing) has issued a solicitation for Underwriting Reviews of mortgage loans under several housing programs, including Mortgage Revenue Bond (MRB), To Be Announced (TBA), and Mortgage Credit Certificate (MCC) loans. The contractor will be responsible for analyzing loans for bond compliance per the SC Housing Homebuyer Manual, providing initial determinations within 24 hours of receipt, conditioning files with additional documentation requests, and reviewing conditions from lenders within 24 hours. Key qualifications include maintaining a Federal Identification Number or LLC, possessing a minimum of three years of mortgage lending experience in processing, closing, and underwriting, and complying with federal and state regulations. The solicitation establishes fixed pricing with three line items: 550 units of MRB or MCC Review at $125.00 each, 230 units of TBA Review at $70.00 each, and 50 units of TBA with MCC Review at $125.00 each. The estimated contract period runs from March 1, 2021, to February 28, 2028, with an original estimated award date of February 24, 2021. Questions were required to be received by January 20, 2021, and offers were to be submitted online by February 18, 2021, through www.procurement.sc.gov.

This is a statewide term contract available on a competitive basis with no specific set-asides identified for disadvantaged enterprises. The contract will be administered by Michele Mahon, the procurement officer for SC Housing, located at 300-C Outlet Pointe Blvd., Columbia, SC 29210. While no incumbent vendor information was explicitly provided, the solicitation indicates that multiple contractors may be awarded contracts to provide services upon request. Contractors will be responsible for maintaining determination documentation for 180 days or until closing and purchase completion, and must immediately notify SC Housing's Underwriting Manager of any delays exceeding two business days. The contract includes standard provisions for termination, default remedies, and dispute resolution, with all disputes to be resolved in Richland County. Price adjustments are prohibited during the initial contract year and require SC Housing approval thereafter. Although specific total contract value was not detailed, the fixed-price structure and multiple line items suggest a potentially substantial procurement opportunity for qualified mortgage lending professionals.