Commercial Loan Underwriting Services

Background
The Maryland Department of Housing and Community Development (DHCD) is seeking qualified firms to provide commercial loan underwriting services to support its BusinessWorks program. The goal of this contract is to enhance the financial assistance provided to businesses through effective loan underwriting.

Work Details
The contractor will provide commercial loan underwriting services, which include evaluating borrower profiles, assessing project feasibility, analyzing financial statements, and preparing loan narratives. Specific tasks include:
- Conducting borrower background checks and evaluating their capacity to undertake projects.
- Analyzing sources and uses of funds for proposed projects.
- Performing appraisal and collateral analysis to determine loan-to-value ratios.
- Completing operating budget analyses and pro forma evaluations for proposed projects.
- Identifying key risks associated with borrowers and proposing mitigants.
- Preparing detailed reports that justify pricing and summarize recommendations for loan approvals.

Period of Performance
The contract will be performed over a specified period as outlined in the solicitation, typically ranging from several months to a few years depending on project needs.

Place of Performance
Services will be performed primarily within the state of Maryland, focusing on areas where DHCD's BusinessWorks program operates.