Description
The State of South Carolina’s Housing Finance & Development Authority is seeking a qualified contractor to perform underwriting review services for its mortgage loan portfolio. The contractor will be responsible for rapid eligibility determinations, condition‑review responses, and final documentation preparation for mortgage loans that will be purchased by SC Housing. Work is performed on a fixed‑price basis with a not‑to‑exceed ceiling, and the contractor must meet strict turnaround times and data‑security requirements.
• Conduct initial eligibility reviews and post‑closing purchase reviews for up to 2,500 loan files each (maximum ceiling $812,500).
• Provide turnaround of 24 hours for eligibility decisions and condition responses, with mandatory communication of any delays.
• Deliver conditional commitments, final eligibility packages, and maintain required records for at least 180 days (or until loan close).
• Comply with SC Housing’s confidentiality, data‑security, and non‑resident tax withholding rules; submit required certifications and insurance summaries.
• No preference or de‑briefing awards; award goes to the lowest responsive and responsible fixed‑price bid.