Description
Invest Atlanta, together with the Urban Residential Finance Authority (URFA), is creating a pool of Georgia‑licensed attorneys to handle residential real‑estate closings for homebuyers receiving down‑payment and closing‑cost assistance under the Homeownership Incentives Program. Qualified firms will submit a detailed qualifications response by November 16, 2026. Selected attorneys will be added to a pool, receive mandatory training, and begin closing transactions from February 2027 through December 31, 2029. The scope includes title review, document preparation, in‑person closings, fund disbursement via IOLTA accounts, and post‑closing compliance, with strict fee restrictions (no attorney fees on subordinate assistance loans).
• Eligibility: Georgia‑licensed attorneys in good standing; must supervise all legal aspects of each closing.
• Submission: PDF response to [email protected], including firm profile, team qualifications, experience, compliance plans, and fee structure.
• Key dates: RFQC released 10/16/2026; informational session 10/29/2026 (optional, virtual); questions due 11/2/2026; responses due 11/16/2026; selection notice 1/2027; training 1/2027; contract period 2/2027‑12/31/2029.
• Scope of Services: pre‑closing coordination, title work, closing execution, fund handling, issuance of title insurance, post‑closing documentation, and ongoing reporting.
• Fee Rules: No attorney fee on subordinate URFA/Invest Atlanta loans; only customary fees for first‑mortgage work and allowable title/recording charges.
• Evaluation Criteria: firm overview (25 pts), relevant experience (25 pts), compliance & quality control (20 pts), client communication & cultural competency (15 pts), financial capacity & fee structure (15 pts).
• Performance KPIs: closing within 2 business days of clear‑to‑close, 100 % document delivery within 15 days, <10 % correction rate, zero trust‑account discrepancies.