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Grant Management and Loan Servicing Software

Overview


Software, Web & Mobile Development
Somerville, Massachusetts, United StatesPosted 8 days agoDeadline: May 20th, 2026

Fit Score


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SUMMARY


Seeking a solution for efficient administration of grant and loan programs, including full integration with Munis and Tyler Tech accounting systems and advanced compliance and reporting capabilities.

KEY REQUIREMENTS


BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION


12 months

TIMELINE


RFP Issued: April 29th, 2026

Questions Due: May 11th, 2026

Proposals Due: May 20th, 2026

Anticipated Contract Award: June 8th, 2026

Contract Commencement: July 1st, 2026

Contract Completion: June 30th, 2027

QUESTION DEADLINE


May 11th, 2026

Issuing Agency


City Of Somerville

Organization overview and procurement intelligence available on paid plans.

DESCRIPTION


The agency is seeking a vendor to provide and implement a comprehensive grant management and loan servicing software solution. This system should include a robust database and the necessary tools to efficiently handle transactional, compliance, reporting, and auditing functions related to the administration of various grant and loan programs. The software must support client and project record management, historical data storage, and be fully compatible with Munis and Tyler Technologies accounting platforms.

Key features required include the ability to calculate loan payments and amortization schedules, process various loan types (such as deferred payments, balloon payments, interest-only loans, adjustable rates, and split funding sources), and handle loan adjustments, additional payments, and scenarios involving partial forgiveness. The solution should automate customer invoicing and payment processing, integrate with Munis or Tyler Tech for seamless operations, and offer advanced reporting capabilities for annual audits, dashboards, portfolio reconciliation, and variance analysis.

Additionally, the software must support compliance and monitoring functions, integrating with HUD/CDBG/HOME programs (including the IDIS platform), enable the creation and management of monitoring and inspection schedules, and support other federal reporting and monitoring requirements. The initial contract period will be for one year, with all related queries due by May 11, 2026.

Source attribution

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

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