This Combined Synopsis/Solicitation opportunity from Department Of Agriculture was posted on November 25, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Lender-Placed Insurance Services
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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AI Contract Overview
This contract involves providing lender-placed insurance services for properties financed through the USDA Rural Development housing programs. Its primary goal is to mitigate risk to the department’s portfolio by ensuring that properties are adequately insured when borrowers fail to maintain sufficient coverage themselves. The contract is issued by the USDA’s Procurement Management Office in Washington, D.C., with performance expected in Missouri, and it is open to responses until October 15, 2025. The solicitation, titled "Lender-Placed Insurance Services," is a combined type and does not specify any set-aside restrictions, indicating it is open to all qualified vendors. The NAICS code associated with this requirement is 524210, which pertains to insurance agencies and brokerages. Interested parties can contact the designated point of contact, Sora Jung, via email for further information.
General Info
Contract Value
$258,000Place of Performance
MO, USASet-Aside
Awardee
PROCTOR FINANCIAL INC.Award Issued Date
Timeline
Submission Closed
Organization & Contact Information
Full Description
The purpose of this requirement and is to provide Lender Placed Insurance on properties financed through U.S. Department of Agriculture (USDA), Rural Development's (RD) housing programs to mitigate risk to RD’s portfolio of properties when the borrowers fail to provide adequate insurance themselves.
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