Posted Date : September 01,2020
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : UNCT-18809
Government Authority located in Rhode Island; USA based organization looking for expert vendor for residential mortgage post-closing due diligence services.
[A] Budget: Looking for proposal
[B] Scope of Service:
Vendor needs to provide residential mortgage post-closing due diligence functions. Agency total mortgage production in 2019 was $383.6 million to the government authority located in Rhode Island.
- Loan Center directly originates, underwrites, and funds residential mortgages; 7% of total volume.
- Agency underwrites and funds loans originated by a network of approved Mortgage Brokers; 4% of total volume.
- Agency purchases closed mortgages from a network of approved Correspondent Lenders; 89% of total volume.
- The vendor must have the ability to receive both electronic and paper first and second (if applicable) mortgage files from agency and Correspondent Lenders. The vendor will be responsible for imaging, indexing, and archiving all loan documents.
- The vendor will provide agency with secure document custody file and data retention services and collaborate with agency to determine retention policies and proper location for paper and electronic loan files.
[C] Eligibility:
Onshore (US organization Only)
[D] Work Performance:
Not Applicable
Budget :
Deadline to Submit Proposals: October 01,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : UNCT-18809
Government Authority located in Rhode Island; USA based organization looking for expert vendor for residential mortgage post-closing due diligence services.
[A] Budget: Looking for proposal
[B] Scope of Service:
Vendor needs to provide residential mortgage post-closing due diligence functions. Agency total mortgage production in 2019 was $383.6 million to the government authority located in Rhode Island.
- Loan Center directly originates, underwrites, and funds residential mortgages; 7% of total volume.
- Agency underwrites and funds loans originated by a network of approved Mortgage Brokers; 4% of total volume.
- Agency purchases closed mortgages from a network of approved Correspondent Lenders; 89% of total volume.
- The vendor must have the ability to receive both electronic and paper first and second (if applicable) mortgage files from agency and Correspondent Lenders. The vendor will be responsible for imaging, indexing, and archiving all loan documents.
- The vendor will provide agency with secure document custody file and data retention services and collaborate with agency to determine retention policies and proper location for paper and electronic loan files.
[C] Eligibility:
Onshore (US organization Only)
[D] Work Performance:
Not Applicable
Budget :
Deadline to Submit Proposals: October 01,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$