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Home Equity Conversion Mortgage Business Service Provider

ID: JA_23_40 • Type: Justification

Description

The Government intends to solicit and negotiate with only one source under the authority of Federal Acquisition Regulation (FAR) 6.302-1 Only one responsible source and no other services will satisfy agency requirements and 41 U.S.C. 3304 (a)(1).

The Department of Housing and Urban Development (HUD) intends to award a sole source Firm Fixed Price contract to Reverse Mortgage Insight Inc, located at 34232 Pacific Coast Hwy, #D4, Dana Point, CA, 92629-3856 for Home Equity Conversion Mortgage Business Service Provider.

NO SOLICITATION OR REQUEST FOR PROPOSAL (RFP) IS AVAILABLE.

This announcement constitutes the only synopsis for this requirement; and is issued for notification purposes only. No known potential alternate sources exist which could satisfy this requirement. This Notice of Intent is not a Request For Quote/Proposal. Any interested party that believes it can meet this requirement described herein may identify themselves and must provide evidence of their capability to fulfill this requirement being requested by 10:00 AM EST on 9/20/2023 at 2pm EST.

Responses must be submitted in writing to Carmen Calloway at Carmen.L.Calloway@hud.gov no later than the time and date noted above. Telephone responses and requests will not be accepted. A determination by the Government not to compete this requirement based on responses to this notice is solely within discretion of the Government. Information received will be considered solely for the purposes of determining whether to conduct a competitive procurement.

The North American Industrial Classification System (NAICS) code for this effort is 522390 Other Activities Related to Credit Intermediation and the business size standard is $28.5M.

Background
The Department of Housing and Urban Development (HUD) intends to award a sole source Firm Fixed Price contract to Reverse Mortgage Insight Inc for Home Equity Conversion Mortgage Business Service Provider. The announcement constitutes the only synopsis for this requirement and is issued for notification purposes only.

Work Details
The Contractor shall provide business services for its HECM loan portfolio and insurance program, including providing a web-based, end-to-end business service to manage HUD’s HECM portfolio, help desk support services, and training on HECM business services. The estimated overall period of performance is from September 30, 2023, through September 29, 2024.

Period of Performance
The estimated overall period of performance is from September 30, 2023, through September 29, 2024.

Place of Performance
Reverse Mortgage Insight Inc will perform the contract at their location at 34232 Pacific Coast Hwy, #D4, Dana Point, CA 92629-3856.

Overview

Award Date
Sept. 29, 2023
Response Deadline
None
Posted
Sept. 13, 2023, 3:40 p.m. EDT
Set Aside
None
Place of Performance
Washington, DC 20410 United States
Source
SAM

Current SBA Size Standard
$28.5 Million
Pricing
Fixed Price
Est. Level of Competition
Sole Source
On 9/13/23 HUD Office of the Chief Procurement Officer issued Justification JA_23_40 for Home Equity Conversion Mortgage Business Service Provider.
Primary Contact
Name
Carmen Calloway   Profile
Phone
None

Documents

Posted documents for Justification JA_23_40

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Additional Details

Source Agency Hierarchy
HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF > HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF > CPO : IT AND FINANCIAL SUPPORT DIVI
FPDS Organization Code
8600-866153
Source Organization Code
500042871
Last Updated
Sept. 20, 2023
Last Updated By
carmen.l.calloway@hud.gov
Archive Date
Sept. 20, 2023