LEO - MSHDA - Homeownership Loan Origination System bid

The State of Michigan is seeking a comprehensive, flexible, and scalable Loan Origination System to support the approval and purchasing of non-delegated mortgage loans from approved correspondent lenders. The system should be able to handle a large and diverse lender population. The proposal should include a detailed description of the implementation approach, lender setup and configuration, data scope and migration, client and vendor resource requirements, training and knowledge transfer, and transition-out/deconversion process. • The system must be able to support onboarding, configuration, and ongoing operation across a large and diverse lender population. • The system must be able to handle lender-level data, including user roles and permissions, products and programs, business rules, document templates, and integrations. • The system must have a governance model for lender-specific configuration changes. • The system must be able to provide training, documentation, and knowledge-transfer resources for client administrators, internal users, and lenders. • The system must have a standard deconversion process, including required notice periods, timelines, and support provided. The State is looking for a system that can provide a comprehensive and flexible solution to support its loan origination needs. The successful bidder will be required to provide a detailed description of their proposed system, including its implementation approach, functionality, and support requirements.