UNDERWRITING REVIEWS FOR SC HOUSING MORT

The contract solicitation, numbered 5400029785, is issued by the South Carolina State Housing Finance and Development Authority for underwriting reviews related to mortgage housing programs, including Mortgage Revenue Bonds and To-Be-Announced initiatives. The work involves reviewing mortgage loan applications for compliance with state and federal regulations, verifying borrower eligibility, assessing lender-submitted documentation such as appraisals and closing packages, and ensuring adherence to the South Carolina Housing Homebuyer Manual and IRS requirements including Forms 4506-T and 8329. Performance is to be conducted at the Authority’s location in Columbia, SC, with an estimated start date of May 12, 2026, and a fixed end date of March 18, 2028. The contract is a Firm Fixed Price arrangement with three line items: Eligibility Review and Post Closing/Purchase Review at $125.00 per unit, and Final Documentation at $75.00 per unit, each for 2,500 units, resulting in a total estimated value of $812,500, though no volume guarantees are provided. Deliverables must be completed within strict timelines including a 24-hour initial eligibility determination and notification of any delays beyond two business days. Contractors must meet specific administrative and legal requirements, including possession of a valid Federal Employer Identification Number or structured as an LLC, and must immediately notify the state of any bankruptcy filing or change in legal identity. The contract includes standard clauses covering termination for convenience and unavailability of funds, changes to scope, payment terms, compliance with laws, and limitations on third-party benefits. Offerors are required to submit detailed qualifications for key personnel and must comply with program-specific documentation protocols outlined in over ten prescribed attachments such as the MCC Submission Package Checklist, Seller Affidavit, Owner Occupancy Certification, and Closing Disclosure. Proposals must be submitted electronically via the South Carolina procurement portal by the deadline of September 3, 2027, though paper submissions are conditionally allowed if electronic access is unfeasible. The state retains authority for inspection and acceptance, with all work subject to audit and compliance verification under GAAP and federal cost principles. No small business set-aside, socioeconomic preferences, or CAGE/UEI certifications are required, and the contract is governed solely by South Carolina law with no third-party beneficiary rights established.