Housing Finance Services

The vendor is required to provide housing finance services for include:
- Financial loan servicing and underwriting services
1. Loan servicer
•    Loan administration: oversee all aspects of loan servicing, including loan setup, payment processing, and collections.
•    Customer service: provide high-quality customer service to borrowers, addressing inquiries and resolving issues related to their loans.
•    Reporting: prepare monthly, quarterly, and annual reports on loan performance, including delinquency and default rates.
•    Compliance: ensure compliance with relevant regulations, loan agreements, funding source requirements, and internal policies.
•    Communication: maintain regular communication with borrowers regarding their loan status, payment schedules, and available resources.
2. Underwriting services
•    Evaluation: conduct thorough evaluations of applications, analyzing financial statements, credit reports, and property appraisals to evaluate risk.
•    Risk assessment: assess the risk associated with each application and provide recommendations for approval or denial based on underwriting guidelines.
•    Reporting: prepare detailed underwriting reports that outline findings, rationale for decisions, and recommended terms for approval.
•    Regulatory compliance: ensure compliance with all regulations and guidelines, including those related to fair lending practices.
•    Collaboration: work closely with the loan servicer to monitor performance and address any issues that arise post-approval.
- Accounting and banking services
•    Accounting services: deliver accounting services, including bookkeeping, and financial reporting.
•    Financial reporting: prepare and present accurate financial statements in accordance with generally accepted accounting principles (GAAP).
•    Audit services: conduct annual audits and prepare audit reports, ensuring compliance with applicable regulations and standards.
•    Budgeting: assist in the preparation of annual budgets and financial forecasts to support strategic planning.
•    Tax compliance: prepare and file all required federal, state, and local tax documents and ensure.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: September 22, 2025