Asset Management and Loan Services

Overview

Financial, Legal, HR & Staffing

Connecticut, United StatesPosted about 1 month agoDeadline: May 4th, 2026

Fit Score

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SUMMARY

The Connecticut government authority seeks a vendor to manage asset and loan servicing, borrower communications, foreclosure processes, compliance, and performance reporting.

KEY REQUIREMENTS

Must be a qualified firm capable of servicing and managing loans
Must maintain insurance policies including Workers' Compensation, Employer's Liability, General Liability, Automobile Liability, Cyber Liability, and Professional Liability
Must provide three letters of reference from recent clients
Must submit OPM Form 1, Agency Vendor Form (SP-26NB), W-9 Form, CHRO Employment Information Form, and Nondiscrimination Certification
Must be willing to adhere to CMDA's standard contract requirements
Must certify that personnel identified in the response will be the persons actually assigned to the project
Must have no conflict of interest or disclose and resolve any potential conflicts
Must be able to perform services with the same level of skill and care ordinarily exercised by members of the same profession

BUDGET

Estimate

$500,000 – $1,000,000

CONTRACT DURATION

36 months

TIMELINE

RFP Released: April 1st, 2026

Deadline for Questions: April 10th, 2026

Responses to Questions: April 20th, 2026

RFP Submission Deadline: May 4th, 2026

Proposers Interviews: May 5th to May 12th, 2026

Contractor Selection: May 15th, 2026

Start of Contract: June 1st, 2026

QUESTION DEADLINE

April 10th, 2026

Issuing Agency

Connecticut Municipal Development Authority

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The government authority located in Connecticut is seeking a vendor to provide comprehensive asset management and loan services. Responsibilities include managing loan payment collection and processing, maintaining detailed payment records, and issuing periodic statements to borrowers as needed. The vendor will also be tasked with maintaining effective borrower communication channels, responding to inquiries, providing payoff statements, overseeing payment changes, and addressing general account management requests.

Additional duties involve handling foreclosure processes, including filing all necessary insurance claims, and monitoring construction draw requests and related documentation. Vendors must ensure the maintenance of accurate loan files, adhere to regulatory requirements, and preserve all documentation necessary for enforcement of loan obligations. Furthermore, management and monitoring of borrower reporting requirements and enforcement are required. The selected firm must prepare and distribute regular reports detailing loan performance, payment activity, delinquencies, and other portfolio metrics as stipulated under servicing agreements or pooling and servicing agreements in securitizations.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.