Independent Model Validation (IMV)

The U.S. Department of Housing and Urban Development (HUD) is seeking a contractor to provide independent model validation and related analytical support for key financial and actuarial models used in the Single Family and Commercial mortgage insurance portfolios. The contractor will perform independent validation of financial and actuarial models, develop integrated commercial challenger frameworks, and provide benchmarking and risk analysis. The contractor will also provide project management, coordination, and reporting support. • The contractor will validate Single Family Forward and HECM models used for MMIF financial reporting, budget formulation, and risk analysis. • The contractor will validate Commercial Mortgage models used for Multifamily, Section 232, and Section 242 portfolios. • The contractor will develop, execute, and maintain an independent challenger analytical framework to support validation, benchmarking, sensitivity analysis, and comparative assessment of FHA's production Commercial models.