Loan Underwriting and Administration Services

The Vendor is required to provide loan underwriting and administration services for include:
- Contract administration and reporting
•    Provide agency at a minimum quarterly reports with each payment request that contain total dollar amount of loan activity, number of acquisition projects completed, acres acquired, and a summary of activities related to the tasks in for that quarter. 
•    This reporting will be done through the payment requests and progress reports process in agency administration of grants and loans (EAGL).
•    Submit invoices for reimbursement from agency through the payment requests and progress reports process in agency administration of grants and loans (EAGL) no more than once per month.
- RLP product delivery system development
•    Develop a product delivery system that includes the following: program website, internal loan policy and lending procedures, loan application, communications materials, financial systems, OSS contractor payment mechanism, on-site sewage systems (OSS) inspection reminder system, and any other infrastructure necessary to ensure program access to households located anywhere in the state.
- Financial assistance to property owners
•    Officially administer the loan fund, approve and deny OSS loan applications, and establish and document the repayment criteria of the OSS loans (loans) in accordance with the guidelines for regional on-site sewage system loan program.
•    Loans will cover the full cost of design, permitting, and installation, and OSS abandonment and connection to sewer where applicable. 
•    These loans may cover cultural resources review costs, such as a monitor, when necessary.
•    Process and underwrite loan applications; create loan documents; review project bids; facilitate closings; disburse funds to designers, permitting agencies, and contractors when project milestones are completed and with written approval from the borrowers; and obtain documentation of project completion from the local health jurisdiction.