Underwriting Reviews For Sc Housing Mort

Background

The South Carolina State Housing Finance and Development Authority is issuing this solicitation to acquire underwriting review services for mortgage loans. The goal of the contract is to ensure compliance with bond requirements and program eligibility for housing finance initiatives in South Carolina.

Work Details

The contractor shall perform the following services: 1. Analyze all loans for bond compliance as per the South Carolina Housing Homebuyer Manual and applicable program guides. 2. Review documentation provided by lenders, including checklists, appraisals, and closing documents. 3. Provide an initial determination within 24 hours of receipt of files. 4. Notify SCSHFDA of any delays beyond two business days. 5. Condition files and communicate with lending partners regarding additional documentation required. 6. Review all conditions forwarded from lenders and ensure eligibility for SC Housing Programs, preparing Conditional Commitments listing any necessary conditions prior to purchase. 7. Aid in documenting responses to quality control audit findings as requested by SCSHFDA. 8. Maintain all determination documentation for a minimum of 180 days or until closing is completed.

Period of Performance

The contract will commence on May 12, 2026, and will expire on March 18, 2028.

Place of Performance

All services will be performed at the SC State Housing Finance and Development Authority located at 300-C Outlet Pointe Blvd., Columbia, SC 29210.

Bidder Requirements

Offerors must have a Federal Identification Number (FEIN) or Limited Liability Company (LLC). Additionally, bidders must demonstrate a minimum of three years of mortgage lending experience in processing, closing, and underwriting residential mortgage loans.