Pool Processing and Certification Agent (PPA)

The Department of Housing and Urban Development (HUD) plans to extend its sole source contract C-OPC-23289 with Bank of America National Association for an additional six months, leveraging the FAR 6.302-1 authority that permits contracting with only one responsible source when no other supply or service can meet agency requirements. This contract covers services related to Pool Processing and Certification Agent (PPA), Central Paying and Transfer Agent (CPTA), Platinum Trustee, and Multiclass Information Agent for the processing and issuance of Mortgage Backed Securities (MBS). The extension is specifically intended to facilitate a smooth transition to new contractors selected through a recent competitive Request for Proposal (RFP) process. Currently, FNF Servicing provides these services under the contract, but the extension will allow Bank of America, the incumbent, to continue its role temporarily as the agency shifts to new service providers. This notice clarifies that it is not a solicitation for competing bids and no requests for competitive quotations will be issued. The contract work is performed in Washington, DC, under the Department of Housing and Urban Development’s chief procurement office, with the primary contact for this action being Contract Specialist Joy K. Christie. The contract relates to NAICS code 523110, which pertains to securities and commodities contracts brokerage.