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.
The U.S. Department of Housing and Urban Development requires a comprehensive web-based HECM loan servicing and accounting solution to manage its reverse mortgage portfolio. The contractor must deliver end-to-end business services, including pre-endorsement, underwriting, claims, and assigned notes, while supporting all regulatory changes during the period of performance. The solution must provide automated reconciliation, business intelligence tools, and FedGAAP-compliant accounting for financial reporting to FHA’s General Ledger system. Services also include a help desk, training for HUD staff and partners, and compliance with federal IT security and privacy standards. No specific budget, performance location, or non-bid timelines are mentioned in the description.