Home Equity Conversion Mortgage (HECM) Business Service Provider Solution that fully supports all functional requirements, processes, steps, timelines, and reports associated with FHA’s current HECM insurance program and regulatory changes.

The U.S. Department of Housing and Urban Development (HUD) is seeking a comprehensive Home Equity Conversion Mortgage (HECM) loan servicing and accounting business solution. The solution should fully support all functional requirements, processes, steps, timelines, and reports associated with the current HECM insurance program and regulatory changes. The contractor will be responsible for delivering web-based, end-to-end reverse mortgage loan business and accounting services to manage HUD's HECM portfolio. The services include providing accurate HECM business services, FHA management with ready access to data, business intelligence and management reporting tools, automated reconciliation support, and a HECM services Help Desk. The contractor will also provide training to HUD staff and FHA-approved contractor staff on HECM business services and related financial transactions. Some key features of the required solution include: • Providing all FedGAAP-compliant accounting treatments, account reconciliations, posting entries, and reports associated with the HECM insurance program • Providing accounting treatments to FHA's General Ledger system that accurately reflect and reconcile with FHA and HUD's quarterly and year-end financial statements • Providing a solution compliant with federal, HUD, and FHA/Housing-specific IT security, cybersecurity, records management, privacy policies, procedures, and governance • Delivering a HECM Accounting Solution with required interfaces and financial transaction functionality • Providing HECM reporting and data extract outputs supporting portfolio analysis, budget formulation, oversight reporting, and SFHEDW population