Home Equity Conversion Mortgages (HECM) Accounting Business System to provide a HECM accounting business system that fully supports all functional requirements, processes, steps, and timelines.

The contract focuses on the development and provision of an accounting business system specifically designed for Home Equity Conversion Mortgages (HECM). This system is required to fully support the entire scope of functional requirements, including all processes, procedural steps, and timelines necessary for efficient and compliant management of HECM-related accounting functions. The contract is identified under number 86615324C00012 and is designated as a Total Small Business Set-Aside under the Small Business Administration guidelines, ensuring opportunities for small businesses to compete for this work. The contract is managed by the Office of Housing within the Department of Housing and Urban Development (HUD). Although specific location details for performance are not provided, the primary point of contact is Ayanna S. Gibson, who can be reached via email for further inquiries. The solicitation aligns with NAICS code 522390, which covers activities related to financial transaction processing, reserve, and clearinghouse activities, supporting the financial management aspects of HECM. Overall, this contract aims to enhance HUD’s capability to monitor and administer reverse mortgage accounting effectively through a comprehensive and compliant business system.