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  5. ›Single Family Master Servicer and Sub-Servicer

Washington State Housing Finance Commission·Washington

Single Family Master Servicer and Sub-Servicer

Closes 8/26/2026$500k – $1MRequest for ProposalLogin required
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Description

The Washington State Housing Finance Commission is seeking proposals from qualified entities to act as both a master loan servicer and a sub‑servicer for its Single‑Family Home Advantage and House Key programs. The contractor will purchase, pool, and securitize mortgage loans, provide full loan servicing (including second‑lien/​down‑payment‑assistance loans), deliver extensive reporting, and maintain lender and borrower web portals with stringent security and availability requirements. The contract is a two‑year base term with two optional two‑year extensions and may be terminated with notice. • Core duties: daily loan purchase, pool creation for Ginnie Mae/Fannie Mae/Freddie Mac, full servicing of first‑ and second‑lien loans, and compliance reporting. • Technology deliverables: lender portal for loan uploads, borrower portal for payments, 22‑hour daily availability, SOC reporting, and secure FTP data exchange. • Mandatory certifications: Workers’ Rights (no mandatory arbitration), Diverse Business Inclusion Plan, and extensive financial/insurance documentation.

Attached files

Contact

Rich Zwicker(RFP Coordinator)

[email protected]

(206) 287-4480

Key dates

Opened
7/14/2026
Questions due
7/30/2026
Pre-bid meeting
7/28/2026
Closes
8/26/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522310
Solicitation №
202606HOMS

Budget estimate

$500,000 – $1,000,000

The solicitation lists an “Estimated Initial Contract Value” of $500,000, but the final award could be higher due to the “most advantageous” evaluation approach. Considering the extensive service scope, technology platform requirements, and potential extensions, a realistic award range would be roughly $500k–$1.0 million. Factors influencing the final amount include the contractor’s percentage‑based fee structure, volume of loans serviced, and any additional optional services (e.g., quality‑control audits).

AI estimate from the solicitation

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