Notice ID: 86615624R00007
The Department of Housing and Urban Development (HUD), Office of Housing Counseling (OHC) is seeking Contractor support to develop and maintain a HECM Loan Comparison and Underwriting Tool (HLCUT) for Home Equity Conversion Mortgage (HECM) roster counselors with secure online access. The HLCUT shall provide calculations on all types of HECM loan products including cost of origination, servicing, mortgage insurance premium, amortization schedules, total annual loan cost and track responses to required client questions during counseling sessions.
The Department of Housing and Urban Development, Office of Housing Counseling requires Contractor support to provide and maintain a subscription or Software as a Service (SaaS) HECM Loan Comparison and Underwriting Tool (HLCUT) for Home Equity Conversion Mortgage (HECM) roster counselors with secure online access. The HLCUT shall be 508-compliant. The HLCUT shall provide calculations on all types of HECM loan products including cost of origination, servicing, mortgage insurance premium, amortization schedules, total annual loan cost and track responses to required client questions during counseling sessions. The HLCUT shall also provide a financial assessment component consistent with HECM program requirements. It shall link to other HECM counselor HUD designated required online tools as identified in HUD Handbook 7610.1 Revision 6. Current online tools are noted in task 5.2 of the PWS. This tool shall provide easy to read and interpret printouts of the described information.
The contractor shall provide services for the following Tasks:
- Project Manage Plan
- Provide and implement the HECM Loan Comparison and Underwriting Tool (HLCUT)
- HLCUT Support, Updates, and Reporting
- Transition Services
The Period of Performance shall be for one twelve (12) Month Base Period with four 12-month Option Periods.
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