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  5. ›Request for Applications #7385: Mortgage Origination/Flex Lending

Oregon Housing and Community Services Department·Oregon

Request for Applications #7385: Mortgage Origination/Flex Lending

Closes 5/8/2026$1M – $5M
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Description

The State of Oregon's Housing and Community Services Department is seeking applications for its Mortgage Origination/Flex Lending program. The program aims to provide innovative lending solutions to meet affordable housing needs across the state. The selected lender will be required to provide mortgage banking services, including originating and servicing loans. The program has specific requirements, such as the lender being located in Oregon or within 50 miles of the Oregon border, and having a brick-and-mortar branch. The lender will also be required to complete a Corporate Resolution form and provide other documentation. • The lender must be approved for both Flex Lending and the Oregon Bond program. • The lender must have a branch located in Oregon or within 50 miles of the Oregon border. • The lender must complete a Corporate Resolution form and provide other documentation. • The lender must meet specific requirements, such as having a brick-and-mortar branch and being located in Oregon or within 50 miles of the Oregon border. • The lender will be required to provide mortgage banking services, including originating and servicing loans.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Scott Shaw(Assistant Director of Homeownership Lending Programs)

Key dates

Opened
1/29/2023
Closes
5/8/2026

Last updated

Details

Industry
Financial Services
NAICS
522390
Solicitation №
S-91400-00008182

Budget estimate

$1,000,000 – $5,000,000

Based on the information provided, it is difficult to estimate the exact budget for this opportunity. However, considering the scope of the project, which involves providing mortgage banking services for the State of Oregon's Flex Lending program, the budget could be substantial. The program aims to provide innovative lending solutions to meet affordable housing needs across the state, which could involve a significant number of loans and associated fees. Assuming an average loan amount of $200,000 and an average fee of 1% per loan, the total budget for a single year could be in the range of $1 million to $5 million, depending on the number of loans originated and serviced. However, this is a rough estimate and the actual budget could be higher or lower, depending on various factors such as the number of lenders participating in the program, the interest rates, and the loan terms. Factors that may influence the likely payment range include the number of loans originated and serviced, the interest rates, the loan terms, and the fees associated with each loan.

AI estimate from the solicitation

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