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
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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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
Place of Performance
NY, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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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