THIS IS A NOTICE OF INTENT TO SOLE SOURCE AND NOT A REQUEST FOR QUOTATION OR PROPOSAL. The U.S. Department of Housing and Urban Development (HUD), Office of the Chief Procurement Officer (OCPO), located in Washington, DC, intends to negotiate on a sole source basis and award a contract to Selene Finance LP to continue supporting the Single-Family Master Sub-servicer (SF MSS) Program to support the onboarding terminated Issuer portfolios, provide detailed reporting and provide data to enhance our financial and operational reporting initiatives. for Ginnie Mae. This acquisition is being conducted using the procedures under Federal Acquisition Regulations (FAR) 6.302-1 “Only one responsible source and no other supplies or services will satisfy agency requirements” in accordance with 41 U.S.C. 3304(a)(1). The FAR Part 12 “Acquisition of Commercial Items” as supplemented by the Housing and Urban Development Acquisition Regulation (HUDAR) will be used to evaluate the quote and award this requirement. The North American Industry Classification System (NAICS) code for this requirement is 523110: Investment Banking and Securities Dealing with a size standard of $38.5 million. The PSC Code is R408: Support – Professional: Program Management/Support. HUD anticipates negotiating and awarding a firm-fixed-price (FFP) and Time and Material (T&M) sole-source bridge contract to Selene Finance LP for this requirement. The Office of Issuer and Portfolio Management (OIPM) requires contractor support to perform loan servicing (servicing current, delinquent, terminated and seized loans, “pooled and non-pooled); provide loss mitigation services; bankruptcy and foreclosure services; management and disposition of acquired properties; preparation/submission of insurance or guarantee claims. The current contract is a stand-alone contract with Selene, expires on August 11, 2022. A new contract will be awarded to avoid a lapse in these critical services. The Government cannot afford to have a break in service or incur additional expenses. This is NOT a solicitation for quotations, quotation abstracts, a request for competitive quotations; or request for competitive proposals; however, all responses received within 7 days from the date of publication of this synopsis will be considered by the Government. Responses must clearly and thoroughly defend any claims or assertions that attempt to refute the Government’s claim. A determination by the Government not to compete this proposed action based upon responses to this notice is solely with the discretion of the Government. Information received will normally be considered for the purpose of determining whether to conduct a competitive procurement. Information received on this notice must eliminate the Government's concerns and addressed how the items can be provided without jeopardizing the science behind the on-going projects. If no affirmative responses are received within 7 days of this notice to determine whether a qualified source is more advantageous to the Government, a contract will be issued to Selene Finance LP. There is no solicitation package available. Any questions regarding this notice must be submitted in writing via email to
[email protected].