MODIFICATION
R -- Mortgage Loan Performance Database Access
- Notice Date
- 9/12/2007
- Notice Type
- Modification
- NAICS
- 531390
— Other Activities Related to Real Estate
- Contracting Office
- Department of Housing and Urban Development, OCPO, Program Support, Office of Program Support, NP, 451 7th Street S.W., Washington, DC, 20410, UNITED STATES
- ZIP Code
- 00000
- Solicitation Number
- R-OPC-23191
- Response Due
- 9/24/2007
- Archive Date
- 8/30/2008
- Point of Contact
- Tanya Latson, Contract Specialist, Phone 202-708-1585, Fax 202-708-2032, - Brenda Thomas, Contracting Officer, Phone 202-708-1585, x2047, Fax 202-401-2032,
- E-Mail Address
-
Tanya_J._Latson@hud.gov, Brenda_Y._Thomas@hud.gov
- Description
- This is a combined synopsis/solicitation for commercial items prepared in accordance with the format in Subpart 12.6 and Subpart 13, as supplemented with additional information included in this notice. HUD intends to award a Firm Fixed Price Contract to the Offeror who provides the Best Value to the Government. This announcement constitutes the only solicitation; quotes are being requested and a written solicitation will not be issued. Responses reflecting availability of the service as described are requested in the form of a quote. The NAICS code is 531390. The due date for proposals is Monday, September 24, 2007 at 11:00 a.m. Eastern time. Quotes shall be submitted electronically to Tanya.J.Latson@hud.gov. The Department of Housing and Urban Development requires contractual services to provide an annual subscription of mortgage loan on-line information/newsletter database for the Office of Housing, Office of Evaluation. The subscription includes: (1)Residential Loan Level Database-both Prime and Subprime; (2)Mortgage Delinquency Database-both Prime and Subprime; (3) Access Software-both Prime and Subprime and five (5) years of Market History; and (4)loan performance access software. The successful Offeror will be responsible for providing this subscription database beginning September 30, 2007. The database HUD is seeking should have a minimum of 35,000,000 loans and should cover a minimum of 75% of the residential mortgage market for each requested database of the last 5 years. Basis of Award: The Government will award a firm fixed price contract whose quote will be most advantageous to the Government price. HUD will perform an evaluation based on the Contractor?s written technical capabilities (Volume 1), past performance (Volume 1) and price (Volume II) quotations to assess the best value for the Government. Submit offers in two separate volumes as follows: Volume I, Technical Proposal- This section shall be limited to 15 pages. The technical volume should be divided into the following areas, Technical Capabilities Area and Past Performance. In Volume I, no references should be made to cost/price. Past performance information should include a minimum of 3 points of reference for customers of comparable size, and whose requirements are similar in nature. The contractor shall describe and provide a brief description of the work performed and past performance experience on relevant projects similar in scope/nature. Include names, telephone numbers, and contract numbers for each past performance contract reference. The Contractor shall cite no less than three (3) and not more than five (5) relevant projects performed within the last three (3) years.) The Contractor shall provide a list of references from these projects that can be used by the Government to collect data on the Contractors history of recent and relevant past performance. For each project, Contractors shall provide the following information: 1.) Name and address of customer 2.) Contract Number/Contract Title 3.) Period of Performance 4.) Brief description of services provided and relevance to current requirement 5.) Name, address, telephone number, and current email for the customer?s technical manager. If the Contractor has no past performance, the Contractor shall submit certification to the Contract Specialist indicating that the Contractor has no past performance. The certification shall be submitted on a separate sheet of paper clearly marked with the RFQ number. In addition, several names of customers who have purchased the database in the last six months are sought by HUD. Volume II, Price Proposal (This section shall be limited to 15 pages) - Offerors must identify the labor category(s) to be utilized for this effort and the hourly rate(s) proposed, and any other proposed associated costs, for calculating the proposed cost for this effort. All responsible sources may submit a quotation that, if timely received, shall be considered by the agency. Contact person: Tanya J. Latson at 202-402-7069; email: Tanya.J.Latson@hud.gov. Please cite reference number R-OPC-23191 in the quotation. Quotations must be received by, Monday, September 24, 2007 at 11:00 a.m. Eastern time. Period of Performance: One-12 month base and two (2) 12 month option periods. 9. Place of Performance: This is a subscription: to an Internet database. 10. Questions concerning the RFQ must be submitted via e-mail to the Contract Specialist at Tanya.J.Latson@hud.gov by 10:00am EST on Friday, September 14, 2007. Contractors shall cite the section, paragraph, and page number to which their question(s) pertain. Answers will be provided to all prospective Contractor?s giving due regard to the protection of proprietary information. HUD recommends that Contractors ensure that questions are written to enable a clear understanding as to the Contractor?s issues or concerns with the reference paragraph. Statements expressing opinions, sentiments or conjectures are not considered valid inquiries or comments for this purpose will not receive a response from HUD. Further, Contractors are reminded that HUD will not address hypothetical questions aimed toward receiving a potential evaluation decision. Statement of Work: MORTGAGE LOAN PERFORMANCE Office of Evaluation Office of Finance and Budget Office of Housing U.S. Department of Housing and Urban Development September 7, 2007 MORTGAGE LOAN PERFORMANCE DATABASE ACCESS I. INTRODUCTION Within the Office of Housing in the Department of Housing and Urban Development (HUD), the Office of Evaluation (OE) is responsible for the risk assessment of HUD-insured and -assisted single family and multifamily properties. Specifically, this procurement is for an annual subscription of mortgage loan performance database access. Subscription includes: 1> Residential Mortgage Loan Level Database both Prime and Subprime, 2> Mortgage Loan Delinquency Database both Prime and Subprime, 3> 5 years of Market History and Access both Prime and Subprime. Product and price proposals are sought from any company containing the following mortgage loan performance data for residential loans: HUD is seeking access to a large residential mortgage database or databases for the United States that can provide risk analysis. The database HUD is seeking should have a minimum of 35,000,000 loans and should be updated each month from loan level data provided by 9 of the top 10 loan servicers and both Government Sponsored Enterprises (GSEs). A minimum of 75% of the active mortgages in the US should be represented in each of the databases that HUD is seeking. The data sought represents residential mortgage delinquency and a residential mortgage servicing for both prime and subprime loans with a minimum of 5 years of history. Loan performance data must contain but not limited to - the following fields: Credit score Data period Delinquency status Debt-to-income ratio (DTI) Geography (to include Metropolitan Statistical Area (MSA), Region, State and zip code Interest rate Loan balance Loan-to-value ratio Origination date Prepayment penalty Loan type loan term Adjustable Rate Mortgage (ARM) indicator Property type Spread Loan age Loan payment frequency Loan purpose Loan status Risk grade Mortgage Bankers Association (MBA) delinquency index and data Office of Thrift Supervision (OTS) delinquency index and data A description of the databases for subscription access, including the field names and record layout, are required. In addition, several names of U.S. Government customers who have purchased the databases in the last several years is sought by HUD. II. BACKGROUND Apart from its involvement in single family and multifamily risk assessment and risk scoring, the Office of Evaluation (OE), located in the Office of Finance and Budget in the Office of Housing, is responsible for monitoring the performance of FHA?s single family and multifamily programs. The Office of Evaluation prepares periodic reports for the FHA Commissioner on FHA business activities and oversees the statutorily mandated annual actuarial review of FHAs largest insurance fund. OE is also responsible for assessing the financial impact on FHAs insurance funds of new or revised programs and policies, and for evaluating relationships between current economic and market conditions and FHA program goals and objectives. With the advent of credit reform, the OE has become responsible for developing, maintaining, and updating cash flow models used to estimate credit subsidy rates for FHAs budget and liability for loan guarantee for FHAs annual financial statement. These cash flow models use historical data for loans grouped into risk categories to calculate the net present value of cash flows over the life of a book of business. Cash flows are estimated for premiums, claims, and recoveries. A credit subsidy rate for each risk category is calculated by dividing the net present value of cash flows by projected endorsements. If the credit subsidy rate is positive, FHA needs appropriations of credit subsidy (as well as commitment authority) before it can endorse new loans. Under this procurement, HUD is seeking comprehensive data on conventional home loans. This database assistance will allow 1) superior single family risk assessments and 2) more program and related data available to program managers to help improve program performance, hold down costs, and increase the effectiveness with which HUD can maintain and increase the supply of affordable housing. As additional data become available, HUD also wishes to enhance the effectiveness of its portfolio risk assessment though the development of an outcome-based statistical model. Whereas the current model measures generic current financial health of individual properties, the outcome-based model will measure the likelihood of a well-defined outcome (such as default, delinquency, loan loss, etc.) and be more predictive of losses to HUD. This new model will serve as the base for an early warning system (for financial distress of the multifamily properties) that can be used by Headquarters and field staff to prioritize their assessment management activities. Combined with other data, it will serve as a basis for performance indicators and for policy analysis aimed to improve multifamily underwriting, focus asset management, and reduce insurance losses while promoting affordable rental housing. III. REQUIREMENTS This procurement is for a subscription to specified high quality mortgage loan residential databases not work or services from a contractor. DATABASE SUBSCRIPTIONS The Office of Evaluation in HUD requires access to the following databases (listed below): 1. Prime 5 Year Market History Residential Mortgage Loan Level database 2. Prime Delinquency Residential Mortgage Loan Level database 3. Sub prime 5-Year Market History Residential Mortgage Loan Level database 4. Sub prime Delinquency Residential Mortgage Loan Level database. All 4 databases will include access to 5-year historical data. The vendor will provide the software to access the loan performance databases listed above. Licensing use for 12 HUD users is required. Twelve passwords for twelve (12) work locations are to be included. The vendor will provide mortgage loan performance prime and subprime loan overview to include a description of the loan performance data functionality and an overview of the company and databases. The quality of the data HUD is seeking to subscribe shall be considered highly reliable as deemed by other users. CRITERIA The following factors will be used to evaluate the quotes (1) technical capability of the items offered to meet the governments requirement; (2) past performance with U.S. Government customers; and price. A. Technical capabilites will be evaluated in terms of : (i) quality and depth of the databases being sought; (ii) ease of HUD?s access to the data; and (iii) HUD?s ability to export data from the database. i. Quality and depth of the database subscription sought: HUD is seeking access to a large residential mortgage database or databases for the United States that can provide risk analysis. The database HUD is seeking should have a minimum of 35,000,000 loans and should be updated each month from loan level data provided by 9 of the top 10 loan servicers and both Government Sponsored Enterprises (GSEs). A minimum of 75% of the active mortgages in the US should be represented in each of the databases that HUD is seeking. The data sought represents residential mortgage delinquency and a residential mortgage servicing for both prime and subprime loans with a minimum of 5 years of history. Loan performance data must contain the following fields: Credit score Data period Delinquency status Debt-to-income ratio (DTI) Geography (to include Metropolitan Statistical Area (MSA), Region, State and zip code Interest rate Loan balance Loan-to-value ratio Origination date Prepayment penalty Loan type loan term Adjustable Rate Mortgage (ARM) indicator Property type Spread Loan age Loan payment frequency Loan purpose Loan status Risk grade Mortgage Bankers Association (MBA) delinquency index and data Office of Thrift Supervision (OTS) delinquency index and data Quality of data will be determined by 1) current users and customers and/or 2) by comparing report results of proposed databases with HUDs current subscription. ii. Ease of HUDs access to the databases. The proposal will be measured by HUDs ability to access the internet site through its standard interest browser Microsofts Internet Explorer. In other words, authorized users are required to work securely with mortgage data from any web-available computer. iii. HUDs ability to export data/reports from the databases. The proposal will be evaluated on the basis of the subscribed data/ reports being downloaded by the user in the following formats: export reports as graphics, PDFs, Excel spreadsheets, or text files. B. Past Performance A minimum of 3 existing U.S. Government customers of comparable size, and whose requirements are similar in nature, will be referenced. The evaluation criteria will be the length of subscription by the U.S. Government customers. U.S. Government Customers with more than one year of sustained subscription will be viewed as de facto evidence of satisfaction and product endorsement. IV. CONTRACTOR DELIVERABLES A. DATE OF DELIVERY OF DATABASES TO HUD Access begins September 30, 2007. B. Format & Content of Contract Deliverables All deliverables shall be delivered in accordance with HUD?s environment for accessing the internet. C. Inspection of Deliverables The procedure for inspection and acceptance of initial deliverables is as follows: The GTR- will provide written acceptance, comments, and/or change requests, if any, within ten (10) working days from receipt by the Government, of each required Contract deliverable; and Upon receipt of the Government comments, the Contractor shall have ten (10) working days to make the changes and re-submit the Contract deliverable. D. Re-Submitted Deliverables The Government will review and verify that the original problem has been resolved with the Contract deliverable(s) as re-submitted. GTR will use the following factor to determination of resolution: HUD has access to all databases under contract. If this is a re-submission of a final deliverable, the GTR will provide the Contractor written notice of acceptance/rejection or request for extension within ten (10) working days after receipt of each re-submitted final deliverable. E. Acceptance of Deliverables All products shall be delivered under the cover transmittal to the GTR. All work products, analyses, computer models, documentation, work flows, data models, interface modules, design documents and risk analysis results developed by the Contractor shall be the property of the Government and are to be provided to HUD no later than at the conclusion of this effort. F. Performance Evaluation Meetings (Status Meetings) The GTR may require one initial performance evaluation meeting with the Contractor?s Program or Project Manager, and the GTM. If such a meeting is necessary it will occur within the first two weeks of contract award. An initial training session up to two days is also required if training is determined to be necessary by the GTM. The Contractor may request a meeting with the GTR whenever the Contractors technical or administrative personnel believe such a meeting is necessary. This meeting will take place at HUD Headquarters unless the GTR determines a teleconference call will suffice. HUD will ensure that all pertinent HUD staff is made available to the Contractor in completion of this work. The Contractor shall prepare and provide written minutes of any such meetings via electronic mail to the GTR for signature by HUD Program Management and the Contracting Officer or contract administrator. If the GTR does not concur with any portion of the minutes, notice of such non-concurrence will be provided to Contractors Program or Project Manager and contracts representative within five calendar days following receipt of the minutes. The Contractor shall acknowledge or resolve all disputes and resubmit the minutes to the GTR within five business days of receipt of the HUD non-concurrence. G . Period of Performance The contractor must be ready, willing and able to commence performance under the terms of the contract on the award date. This effort should start September 30, 2007 (contract award) and shall be effective for one year from date of contract award. HUD anticipates exercising two (2) 12 month option period as provided in the contract award. H. Place of Performance This is a subscription to an Internet database. The place of performance is that the HUD staff must be able to access the contractors database(s) from their HUD HQ offices located at 451 7th St., SW, Washington, DC 20410. I. Schedule of Deliverables The Contractor shall be responsible for, and its performance shall in part be measured by, the timeliness and quality of the deliverables listed below. The deliverable dates listed below may vary as deadlines pertaining to the financial statement audit are finalized. The Contracting Officer must provide prior written approval of any revisions to this schedule. Award Commencement 09/30/2007 Provide Databases Monthly Provide Databases daily renewed monthly Every 30 days from contract award date. D. Performance Acceptance Performance will be accepted upon access to databases. Use of Software and access to the databases for 12 months under the terms of the subscription/licensing agreement (if applicable). Acceptance acknowledges that the performance conforms to the requirements and that the Government will take title and ownership of the outputs. The contract is the ultimate determinant of performance requirements. E. Performance Monitoring Forms An annual report will be the main monitoring method. This report will be maintained by the GTM. V. PRICING SCHEDULE CONTRACT DEFINITION: This is a firm fixed price contract as defined FAR subpart 16.202. (CLIN) 0001 Base Period Description: LOAN PERFORMANCE DATABASE SUBSCRIPTION ? The Contractor shall perform the services in accordance with the Statement of Work (SOW). Quantity One (1) Unit of Issue Lot Not to Exceed Amount $ CLIN 0101 OPTION PERIOD I Description:LOAN PERFORMANCE DATABASE SUBSCRIPTION - The Contractor shall perform services in accordance with the Statement of Work (SOW). Quanity One (1) Unit of Issue: Lot Not to Exceed Amount $ CLIN 0201 OPTION PERIOD 2 Description: LOAN PERFORMANCE DATABASE SUBSCRIPTION ?The Contractor shall perform services in accordance with the Statement of Work (SOW). Quantity: One (1) Unit of Issue: Lot Not to Exceed Amount $
- Place of Performance
- Address: 451 Seventh Street, SW, Washington, DC 20410
- Zip Code: 20410
- Country: UNITED STATES
- Zip Code: 20410
- Record
- SN01403846-W 20070914/070913072152 (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
| FSG Index | This Issue's Index | Today's FBO Daily Index Page |