# Home Equity Conversion Mortgage (HECM) Accounting Business System

Canonical: https://abierto.us/opportunities/noffy25002

- Solicitation number: NOF-FY25-002
- Notice type: Sources sought
- Status: Closed. Deadline was December 6, 2024 at 2:00 PM EST
- Department: Department of Housing and Urban Development
- Contracting office: Cpo : Research and Community Suppor (866157)
- NAICS: 541219 Other Accounting Services
- Product or service code: DA01 Support services for activities involved with application development and support to include analysis, design, development, coding, testing, and release packaging, as well as support of off-the-shelf Business Applications.
- Place of performance: Washington, District of Columbia
- County: District of Columbia (FIPS 11001). https://abierto.us/counties/district-of-columbia-dc-11001
- City: Washington. https://abierto.us/cities/washington-dc-1150000
- First posted: October 31, 2024
- Last posted: November 27, 2024
- SAM.gov: https://sam.gov/workspace/contract/opp/44a268906d084402a73b4eaa718180d0/view

## Description

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.

## Publications

- October 31, 2024: Sources sought, due November 29, 2024 at 2:00 PM EST. Notice 1efba9cf55eb45c48c1c5a822b53e27d. https://sam.gov/workspace/contract/opp/1efba9cf55eb45c48c1c5a822b53e27d/view
- November 27, 2024: Sources sought, due December 6, 2024 at 2:00 PM EST. Notice 44a268906d084402a73b4eaa718180d0. https://sam.gov/workspace/contract/opp/44a268906d084402a73b4eaa718180d0/view

## Points of contact

- Dwayne E. Gist, dwayne.e.gist@hud.gov, 2024025617
- Timothy Danowski, timothy.a.danowski@hud.gov, (202) 402-8920

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Source: SAM.gov Contract Opportunities bulk extract. Confirm deadlines on SAM.gov before responding. Cite https://abierto.us/opportunities/noffy25002.