Housing Loan Portfolio Oversight and Management Services

The City of West Sacramento is seeking proposals from qualified firms or individuals to provide comprehensive loan portfolio management services for its existing housing loan portfolio, with the possibility of originating new loans as funding allows. The scope of work encompasses all aspects of loan servicing, including setup, ongoing tracking, processing monthly statements, collections, customer service, and reporting on a quarterly and annual basis. The City aims to establish a multi-year contract, potentially lasting up to three years, to ensure consistent management and oversight of its loan assets. Interested proposers must submit their proposals by the deadline of July 25, 2025, in accordance with the terms outlined in the RFP, with the selected contractor expected to meet the specified requirements and standards. The procurement is categorized under NAICS code 561110, indicating a focus on administrative and support services related to loan portfolio management. The contract size is estimated to range between $500,000 and $2,000,000. The primary point of contact for this solicitation is Isaah Alford, reachable via email at isaaha@cityofwestsacramento.org or by phone at 916-617-4674. The project is managed by the City’s Economic Development & Housing department in California, with further details available through the City’s procurement portal. Additionally, vendors are reminded to comply with the City’s insurance requirements, which include maintaining appropriate coverage such as general liability, automobile liability, workers' compensation, and professional liability, with the City to be named as an additional insured where applicable.