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This Solicitation opportunity from New York was posted on March 28, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Mortgage Service Company Payment & Receivables Processing

Closed
83625B0001State & Local

Contract Overview

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The New York City Department of Finance is seeking a qualified contractor to handle the processing of escrowed real property taxes and related charges received from Mortgage Service Companies. The contractor's responsibilities include validating, aggregating, and consolidating files from MSCs, matching their payment totals to a single Fedwire payment, and generating a consolidated output file for the Department to update taxpayer accounts. The project emphasizes the need for vendors with proven expertise in legal and ethical financial processing services. This procurement is conducted through the PASSPort online portal, where interested vendors must submit their responses by April 21, 2025, adhering to the competitive sealed bid process. The contract size is estimated between five and fifteen million dollars, and the project is subject to Local Law 1, which promotes Minority and Women-Owned Business Enterprise participation. The primary point of contact for this solicitation is Hamant Salaiman, and additional resources and assistance are available through the MOCS Support Desk.

General Info

Agency

New York → NYC Department of Finance (DOF)

Place of Performance

NY, USA

Set-Aside

NONE

Documents

0

No documents available

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyNew York → NYC Department of Finance (DOF)
Contacts1 person available
OfficeN/A
Organization / Agency
New York → NYC Department of Finance (DOF)
Office AddressN/A
Contacts
Hamant Salaiman

Full Description

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The New York City Department of Finance ("DOF"), as part of the collection process for escrowed real property taxes and related charges, is seeking a qualified contractor for the process of validating, aggregating, and consolidating files received from Mortgage Service Companies (MSCs), matching the MSC files payment totals to a single payment made via Fedwire, and producing a consolidated output file for DOF to post payment records to taxpayer’s accounts. Contractors who are able to demonstrate sufficient expertise and experience in providing such services in a legal and ethical manner are invited to bid.
This Competitive Sealed Bid (“RFx) is being released through PASSPort, New York City’s online procurement portal. Responses to this RFx should be submitted via PASSPort. To access the solicitation, vendors should visit the PASSPort Public Portal at https://www.nyc.gov/site/mocs/passport/about-passport.page and click on the “PASSPort Public” or "Procurement Navigator" blue box. This will take you to the Public Portal of all procurements in the PASSPort system. To quickly locate the RFx, insert the EPIN into the Keywords search field for additional details including the release date and pre-bid conference (optional).
This procurement is subject to Local Law 1 - M/WBE. Please submit your proposals by both acknowledging the receipt of the RFx in the Acknowledgement tab and completing your response in the Manage Responses tab. Vendor resources and materials can be found at the link below under the Finding and Responding to RFx heading. https://www.nyc.gov/site/mocs/passport/getting-started-with-passport.page
If you require any assistance with PASSPort, please contact the MOCS Service Desk at https://mocssupport.atlassian.net/servicedesk/customer/portal/8

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