MF Loan Services

The contract requires the contractor to manage mortgage servicing for the Multifamily HUD-Held notes portfolio in strict adherence to the corresponding loan documents and HUD regulations outlined in Title 24, Parts 200 - 499. The scope of services encompasses establishing notes upon assignment to HUD, performing monthly billing and collections, managing escrow accounts for taxes, reserves, and hazard insurance, and disbursing funds as necessary. The contractor must also handle the investment and maintenance of reserve accounts and residual receipts through the Department’s Minority Bank Investment Program, in addition to preparing necessary documentation such as payoff statements, foreclosure notices, mortgage confirmations, and statements of indebtedness. Furthermore, the contractor is responsible for providing fiscal data to support asset sales, ensuring proper imaging and secure storage of files throughout the retention period, and responding promptly to mortgage servicing inquiries. Additionally, the contractor must grant authorized HUD personnel comprehensive access to all servicing data. The contract identified as "MF Loan Services" (solicitation number 86543G19R00007) was posted as a presolicitation in December 2018, under the NAICS code 522320. The key points of contact for this contract include a Contract Specialist and a Contracting Officer within HUD, ensuring direct communication channels for contract administration and oversight. This arrangement aims to maintain effective and compliant servicing of the HUD-held multifamily mortgage loan portfolio, supporting HUD’s goals of responsible asset management and regulatory compliance.