INTENT TO AWARD A SOLE SOURCE ORDER The U. S. Department of Housing and Urban Development (HUD) intends to award Blanket Purchase Agreements to three credit bureaus; Experian, Equifax, and TransUnion. These sole source awards are for access over the next five years to raw archived credit data maintained by each repository that can be combined with FHA borrower and loan data to evaluate scorecard performance and re-estimate and update the mortgage scorecard as new data and experience become available. The data will also be utilized for an assessment of how FHA's distribution of insurance risk has been changing. The authority permitting a sole source acquisition is FAR 13.501(a)(1)(ii): under the authority of the test program for commercial items (section 4202 of the Clinger-Cohen Act of 1996) or the authority of the Services Acquisition Reform Act of 2003 (41 U.S.C. 428a) - Sole Source Acquisitions. According to preliminary market research conducted these three companies are the only companies that are able to provide HUD's business needs for historical raw archived credit data that corresponds to FHA's TOTAL Mortgage Scorecard algorithm that is used to underwrite the mortgages submitted for FHA insurance endorsement. Industry practice and FHA's automated underwriting system require credit be obtained from each of the 3 major repositories (if present) considered in the underwriting decision. Fair Credit Reporting Law requires that system providers (HUD-FHA) employ depersonalized (coded) credit data for modeling (scorecard development and redevelopment) purposes and as a practical matter that data must be drawn from archives of past credit (that only the 3 repositories maintain) that correspond to loan origination rather than the subsequent current period loan status (default, prepaid, current). THIS IS NOT A SOLICITATION. No solicitation package will be issued. This notice of intent to sole source is not a request for competitive quotations; however, the Government will consider responses received no later than August 10, 2015, 11:59 PM Central Time. Responses shall be submitted to
[email protected]. Responses shall include, at a minimum, the following information: 1. The name of your company; 2. Company DUNS Number; 3. POC name and contact information; 4. The specific product(s) that your company offers that fulfills the same function as the items to be included on this order or evidence that your company is capable of providing historical raw credit data that is not obtained from Experian, Equifax or TransUnion and, 5. A description of that product(s) and its overall capabilities. 6. The subject line of the email shall state "Capabilities for Demonstrating Credit Bureau Data" or it will be deleted as junk mail. It is your responsibility to demonstrate how your product(s) is capable of providing the same functionality that exists with the main credit bureau archives and data sets. The Government will not seek additional information from your company if you fail to provide sufficient evidence of having a product capable of meeting the Government's needs. A determination by the Government not to compete the proposed acquisition based upon responses to this notice is solely within the discretion of the Government's Contracting Officer. Information received will normally be considered solely for the purpose of determining whether to conduct a competitive procurement.