Home Equity Conversion Mortgage (HECM) Business Service Provider Solution that fully supports all functional requirements, processes, steps, timelines, and reports associated with FHA�s current HECM insurance program and regulatory changes.
HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF
About this opportunity
The Office of Housing � FHA Commissioner, U.S. Department of Housing and Urban Development (HUD), requires a comprehensive HECM loan servicing and accounting business solution that fully supports all functional requirements, processes, steps, timelines, and reports associated with FHA�s current HECM insurance program and regulatory changes during the period of performance. The Contractor�s HECM Solution shall provide all HECM portfolio servicing and financial transactions for all active and terminated cases throughout the full lifecycle of a HECM, including associated processing for pre-endorsement and underwriting, endorsement, claims, and assigned notes. The applicable North American Industry Classification System (NAICS) code assigned to this procurement is 541512 Computer Systems Desig...