KHC’s Single-Family Program currently handles approximately 4000 loans per year and needs a sustainable loan origination system to simplify and streamline the process. The purpose of this request for proposal (RFP) is to allow KHC to contract with a Vendor that can provide a hosted, comprehensive loan origination solution that has the capability to manage and monitor all loans through various business channels including reservations, pipeline management with commitments to GNMA or FANNIE MAE, underwriting, closing, postclosing, etc. KHC maintains both wholesale and retail business functions and needs a Loan Origination System (“LOS”) that can support both.
The service must offer complete transactional functionality, report generation and automated aging to ensure quality audit trails. The software and services shall be known as the “loan origination system” (LOS) and shall include at least the capabilities and specifications outlined in this RFP. KHC requires all bidders to provide a response to the RFP that follows the outline format of this RFP. A Word version of this RFP will be made available upon request. The details below and responses thereto may be used to define the scope of work for any contract resulting from this RFP.
Question:Is a vendor disqualified if they cannot provide every item listed in the required section?
Answer:Not providing everything asked for in the required section is not necessarily an automatic disqualification. However, it may have an impact on the scoring. The vendor should list the item not being provided and explain why it isn't being provided.
For more information, contact:
Kentucky Housing Corporation | 1231 Louisville Rd., Frankfort,
502-564-7630; 800-633-8896 (KY only); TTY 711