Real Estate Owned (REO) Disposition Services

***UPDATE*** This is an official amendment to the solicitation to address vendor questions, update attachments/add an attachment to the solicitation and extend the proposal due date. Updated attachments will have the word "UPDATED" in the title of the document and all attachments added today will have the word "amendment 1" in the title of the document. ***UPDATE*** Government Responses to Industry questions on this solicitation have been postponed until September 18, 2020 by 4:30 PM EST. The U.S. Department of Agriculture (USDA), Rural Development (RD), National Financial and Accounting Operations Center (NFAOC), St. Louis, MO has a requirement for NATIONWIDE Disposition SERVICES for its Real Estate Owned (REO) properties. The requirement is national in scope, supporting an RD portfolio that is located in all 50 United States, in addition to the U.S. Territories of Puerto Rico, the Virgin Islands, Guam, and American Samoa. Inventory would include single family homes, condominiums, manufactured homes, and vacant lots. This requirement is a TOTAL SMALL BUSINESS SET-ASIDE. Please refer to the Federal Acquisition Regulation at www.acquisition.gov, Part 19 for additional detailed information. The applicable North American Industry Classification System (NAICS) code to be assigned to this procurement is 531210 - Buyer's agents, real estate, offices. All clauses under this procurement are governed in accordance with Federal Acquisition Circular (FAC 2020-08/08-13-2020). The REO disposition process is a collaborative effort between Agency and other entities to legally clear the property for sale, preservation of the property during the marketing and sales process and finalizing the sale process for free and clear title to the buyer. The Agency must review a current Appraisal and Title work to assure property is valued correctly and review title of the property for ease of sale process. The Agency is seeking services to market/sale/close this property as per the handbook guidelines. The provider will need to work hand-in-hand with the agency during this process and provide a post-closing title assessment for assurance that any and all releases of Deed Restrictions, if applicable, are completed and property is legally conveyed to the new owner. 2. Background Rural Development is a nationwide lender and provides loans to low and moderate income applicants located in rural geographic areas to assist them in obtaining single family housing through multiple programs. RD maintains a portfolio of approximately 232,525 Single Family Housing borrowers. Section 502 Direct loans are generally secured by first mortgages on modest dwellings located on non-farm tracts of one acre or less. A limited number of homes are located on larger than one acre of land. The Single-Family Housing Direct loans are located in each of the 50 United States, in addition to the U.S. Territories of Puerto Rico, the Virgin Islands, Guam, and American Samoa. RD currently processes all loan originations through State Offices and approximately 550 Field Offices. The NFAOC, located in St. Louis, Missouri provides support to the field offices for loan originations and are responsible for most servicing functions. RD is currently utilizing a decentralized model for servicing foreclosure and inventory properties in approximately 40% of the country. The REO portfolios are currently serviced in a - mixed servicing environment. Approximately 60% of the states are serviced by NFAOC with the remainder being serviced throughout the country by the State and/or field Office. The purpose of the centralized default management division is to minimize risk to the Federal Government, the taxpayer, as well as reduce the cost associated with servicing defaulted customers. 3. Please reference the attached solicitation for instructions on how to submit your questions and when they are due. Also, reference the solicitation instructions on how to submit your proposal. All attachments incorporated into the solicitation are attached to this posting.