Loan Servicing

This contract involves providing loan servicing for federally funded housing programs utilizing Accelerated Data Systems (ADS) loan software, with the primary client being the Office of Housing & Community Development in Kentucky. The solicitation, identified as RFP260113, was posted on November 3, 2025, with a response deadline of November 12, 2025. The contract size is estimated to range between $500,000 and $1,500,000, reflecting a significant engagement aimed at managing and servicing housing loans in accordance with federal and state regulations. The procurement process emphasizes compliance with various certifications, including certifications regarding debarment, suspension, lobbying, telecommunications, and adherence to Louisville Metro’s policies such as the 'Ban the Box' initiative. Bidders are required to submit detailed documentation, including Good Faith Efforts (GFE) forms to demonstrate compliance with minority, female, and handicapped business enterprise goals, as well as vendor information and certifications affirming responsible business conduct. The RFP outlines comprehensive instructions for proposal submission, including required forms such as W-9, experience documentation, and certifications, with specific technical and procedural guidelines to ensure timely and complete submissions. The contract will be awarded through a competitive negotiation process under Kentucky Revised Statutes, with evaluation criteria focusing on experience, compliance, and adherence to federal and local policies. The scope of work encompasses loan administration, servicing, and related activities, with an emphasis on transparency, accountability, and equitable participation from diverse business entities. The contract aims to support the housing programs efficiently while ensuring all regulatory and community engagement standards are met, fostering responsible and inclusive procurement practices.