New Requirement:Real Estate Owned and Portfolio Services Contract (RPSC)

Background
The Department of Veterans Affairs (VA) Loan Guaranty Service administers a home loan program aimed at promoting home ownership among Veterans and active duty personnel. As a result of this program, the VA may acquire Real Estate Owned (REO) properties through foreclosure. The VA seeks to procure a contractor to manage these assets effectively, ensuring the highest possible net return on investment in the shortest time frame.

This contract is part of the Real Estate Owned and Portfolio Services Contract (RPSC), which includes managing properties and servicing loans.

Work Details
The contractor will be responsible for:

1. Managing REO properties, including acquisition, marketing, and sale processes to achieve optimal returns.
2. Servicing loans within the VA portfolio, including customer service functions, tax payments, and insurance premium payments.
3. Performing escrow management and loan sale processing.
4. Ensuring compliance with all applicable laws and regulations throughout the contract duration.
5. Providing detailed reporting on property management activities and loan servicing metrics to the VA.
6. Submitting invoices with complete supporting documentation for reimbursement of expenses related to property management and loan servicing.

Period of Performance
The base period of performance is from August 1, 2017, through September 30, 2017, with nine one-year option periods following.

Place of Performance
The services will be performed within the United States, including all states and territories.