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This Government Contract opportunity from Department Of Education was posted on December 26, 2023. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Legacy Loan Servicing Contract - MOHELA

Awarded
Legacy_Awards_EDFSA11D0012Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 522390
Federal
VA Loan Servicing
Solicitation # 36C10X27R0002
The Department of Veterans Affairs, through the Strategic Acquisition Center in Frederick, Maryland, has issued a draft solicitation for the Portfolio Loan Servicing Contract (PLSC). This firm-fixed-price contract requires a contractor to provide all resources necessary to manage loan servicing and loan sale activities, including the boarding of various loan types within seven calendar days and the maintenance of searchable electronic records for borrower communications. The performance period consists of a base period from FY27 through FY28, with four one-year option periods for a total of five years. Services will be performed at the contractor's site, and the contractor must comply with OMB Circular A-123 and maintain specific insurance coverages, including Fidelity Bond and Errors and Omissions insurance. Award will be based on a best value assessment where non-price factors are significantly more important than price. The evaluation follows a four-phased approach: Phase I screens for minimum operational capabilities (Pass/Fail), Phase II evaluates the technical approach (requiring a Good rating or higher to advance), Phase III assigns a risk rating, and Phase IV assesses past performance and veteran preference. Preference is given to verified Service-Disabled Veteran-Owned Small Businesses (SDVOSB) and Veteran-Owned Small Businesses (VOSB). Proposals must be submitted in six distinct volumes with strict page limits and formatting requirements, including a requirement for proof of 50 million dollars in corporate funds or a line of credit.
Sac Frederick (36C10X)

POSTED

8 days ago

DEADLINE

in 6 days

AI Contract Overview

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The Legacy Loan Servicing Contract, identified by solicitation number EDFSA11D0012, was awarded on September 27, 2011, by the Department of Education's Fsa Acquisitions Office to the Missouri Higher Education Loan Authority (MOHELA). This agreement focuses on loan services management, specifically providing borrower account servicing under NAICS code 522390. The contract is managed out of Washington, DC, with Elvis Taylor serving as the primary point of contact. The scope of work involves comprehensive account servicing tailored to various borrower statuses, including those in-school, in repayment, or delinquent. Financial compensation is structured through a schedule of supplies and services utilizing specific Contract Line Item Numbers (CLINs) and volume-based pricing tiers to determine costs based on the number of accounts serviced.

General Info

Contract Value

$0

NAICS

522390 - Other Activities Related to Credit Intermediation

Place of Performance

DC, USA

Set-Aside

NONE

Award Issued Date

Documents

1

Contract ED-FSA-11-D-0012 - Missouri Higher Education Loan Authority

PDF, High priority: read this firstaward
High

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Timeline

PhaseAwarded
Posted

Award Notice

Awarded

Contract was awarded

Submission Closed

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Organization & Contact Information

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AgencyDepartment Of Education → Fsa Acquisitions Office
Contacts1 person available
OfficeWASHINGTON, DC, 20202, USA
Office AddressWASHINGTON, DC, 20202, USA

Full Description

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See attached contract for Loan Services Managment.

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