Home Equity Conversion Mortgage (HECM) Accounting Business System

Agency: HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF
State: District of Columbia
Type of Government: Federal
FSC Category:
  • D - Automatic Data Processing and Telecommunication Services
NAICS Category:
  • 541219 - Other Accounting Services
Posted Date: Nov 27, 2024
Due Date: Dec 6, 2024
Solicitation No: NOF-FY25-002
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Description

Follow
Home Equity Conversion Mortgage (HECM) Accounting Business System
Active
Contract Opportunity
Notice ID
NOF-FY25-002
Related Notice
Department/Ind. Agency
HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF
Sub-tier
HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF
Office
CPO : RESEARCH AND COMMUNITY SUPPOR
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General Information View Changes
  • Contract Opportunity Type: Sources Sought (Updated)
  • Updated Published Date: Nov 27, 2024 07:55 am EST
  • Original Published Date: Oct 31, 2024 09:31 am EDT
  • Updated Response Date: Dec 06, 2024 02:00 pm EST
  • Original Response Date: Nov 29, 2024 02:00 pm EST
  • Inactive Policy: 15 days after response date
  • Updated Inactive Date: Dec 21, 2024
  • Original Inactive Date: Dec 14, 2024
  • Initiative:
    • None
Classification
  • Original Set Aside:
  • Product Service Code: DA01 - IT AND TELECOM - BUSINESS APPLICATION/APPLICATION DEVELOPMENT SUPPORT SERVICES (LABOR)
  • NAICS Code:
    • 541219 - Other Accounting Services
  • Place of Performance:
    Washington , DC 20410
    USA
Description View Changes

FHA’s current Home Equity Conversion Mortgage (HECM) insurance program uses the Home Equity Reverse Mortgage Information Technology (HERMIT) system, provided by Reverse Market Insight, Inc. FHA is considering dividing this large contract into two separate contracts.



Single Family HECM Services (NOF-25-01): FHA Single Family requires Software as a Service (SaaS) for management of its HECM endorsed and assigned portfolio servicing activities, along with the functions for loan setup and assignment claim (claim type 22) processing. These services will include enhanced features for lenders and HUD staff, including a borrower portal and self-service reports.



Accounting Services (NOF-25-002): FHA requires Software as a Service (SaaS) for its traditional HECM accounting activities, including MIP calculation and collection, notes disbursement, plus the processing of claim types 21, 23, and 24, and claims calculation and disbursement functions.



FHA is looking for technical application services that meet Federal Risk and Authorization Management Program (FedRAMP) requirements at the Moderate impact level and other Federal Government cybersecurity and privacy requirements.



HUD received an unanticipated number of questions in response to its sources sought notice and finds it inappropriate to respond at this time. As market research progresses, HUD expects to provide additional information. Respondents are invited to submit capability statements via email to timothy.a.danowski@hud.gov, with a cc to dwayne.e.gist@hud.gov, no later than Friday, December 6, 2024, 2:00 PM Eastern Standard Time for consideration.


Attachments/Links
Contact Information
Contracting Office Address
  • 451 7TH STREET, SW
  • WASHINGTON , DC 20410
  • USA
Primary Point of Contact
Secondary Point of Contact
History

Related Document

Oct 31, 2024[Sources Sought (Original)] Home Equity Conversion Mortgage (HECM) Accounting Business System
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