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.
Overview
Buyer
Place of Performance
NAICS
PSC
Set Aside
Original Source
Timeline
Qualification Details
Fit reasons
- NAICS alignment with historical contract wins in similar service areas.
- Scope strongly matches core technical capabilities and delivery model.
Risks
- Past performance thresholds may require one additional teaming partner.
- Potential clarification needed on staffing minimums before bid/no-bid.
Next steps
Validate eligibility requirements, assign capture owner, and schedule partner outreach to confirm teaming strategy before submission planning.
Quick Summary
The U.S. Department of Housing and Urban Development (HUD), Office of Housing – FHA Commissioner, is conducting market research for a Home Equity Conversion Mortgage (HECM) Business Service Provider Solution. This solution must fully support all functional requirements, processes, timelines, and reports for FHA’s current HECM insurance program and regulatory changes. This is a Sources Sought notice, with responses due by June 13, 2026, at 4:00 PM ET.
Scope of Work
The required solution involves delivering web-based, end-to-end reverse mortgage loan business and accounting services to manage HUD’s HECM portfolio. Key services include:
- Comprehensive HECM Portfolio Management: Servicing and financial transactions for all active and terminated cases throughout the full HECM lifecycle (pre-endorsement, underwriting, endorsement, claims, assigned notes).
- Data Access & Reporting: Providing FHA management with ready access to data for financial, budgetary, and user-generated reporting, including business intelligence tools.
- Automated Reconciliation: Support for loan balances and transactions with FHA’s business partners.
- Adaptability: Ability to quickly adapt to legislative, regulatory, and administrative changes.
- Support & Training: A HECM services Help Desk and training for HUD staff, HECM servicers, lenders, and investors.
- Financial Compliance: Providing FedGAAP-compliant accounting treatments, reconciliations, posting entries, and reports, ensuring alignment with FHA and HUD’s financial statements and Treasury reporting.
- IT Security & Compliance: Adherence to federal, HUD, and FHA/Housing-specific IT security, cybersecurity, records management, and privacy policies, including NIST SP 800-53 controls.
Contract & Timeline
- Type: Sources Sought (Market Research)
- NAICS Code: 541512 Computer Systems Design Services
- PSC Code: DA10 (IT and Telecom - Business Application/Application Development Software as a Service)
- Set-Aside: None specified
- Period of Performance: One 12-month base period and four (4) 12-month option periods.
- Response Due: June 13, 2026, 4:00 PM ET
- Published: May 13, 2026
- Place of Performance: Contractor's facility (HUD's postal code is 20410, DC).
Evaluation
This is a Sources Sought notice for planning purposes. Responses will be used to identify qualified firms and inform future procurement strategies.
Additional Notes
- Personnel Requirements: Contractor personnel must possess PMP certification and experience in reverse mortgage loan origination, servicing, disposition, Federal Credit Reform Act, and Government Accounting.
- Technical Requirements: The solution must utilize a FedRAMP authorized infrastructure and adhere to NIST SP 800-53 security and privacy controls. Minimum monthly system uptime of 99% and data durability of 99.999999999% are required.
- Data Sensitivity: Facilities must be secured due to the Sensitive but Unclassified (SBU) nature of HECM financial data and PII.