SOURCES SOUGHT NOTICE Ginnie Mae Mortgage-Backed Securities Issuance and Bond Administration (MBSIBA) THIS IS NOT A SOLICITATION FOR PROPOSALS. THIS IS A SOURCES SOUGHT NOTICE ONLY for planning and information purposes. It shall not be considered as a request for proposal or as an obligation on the part of the Government to acquire any products or services. No entitlement to payment of direct or indirect costs or charges by the Government will arise as a result of responses to this notice or the Government's use of such information. No contract will be awarded as a result of this notice. Data submitted in response to this notice will not be returned. All submissions become Government property and will not be returned. The Government reserves the right to use information provided by respondents for any purpose deemed necessary and legally appropriate. The information provided in this notice is subject to change and is not binding on the Government. I. PURPOSE T he General Services Administration is issuing this Sources Sought Notice on behalf of the Government National Mortgage Association (Ginnie Mae) to identify potential sources that can support Ginnie Mae's securitization process. The securitization process includes pool processing; delivery of securities; collection of funds; and transfer of Mortgage Servicing Rights (MSRs). Obtaining these services will assist Ginnie Mae with its overall goal of guaranteeing to investors, through its Mortgage Backed Securities (MBS) program, the timely payment of principal and interest due on privately issued securities. These securities are backed by pools of mortgages that are insured or guaranteed by the Federal Housing Administration (FHA); the Veterans Administration (VA); the United States Department of Agriculture; and the Housing and Urban Development's Office of Public and Indian Housing (PIH). Currently, Ginnie Mae procures these services through the Pool Processing and Paying Agent and Central Processing and Transfer Agent (PPA/CPTA) contract. Ginnie Mae awarded the PPA /CPTA contract to Bank of New York Mellon (BNYM) on 1/1/2015; it will expire on 12/31/2017 and includes a 12-month transition period which commences on 1/1/2018. The new MBSIBA contract will continue to include enhancements to existing applications which are currently part of the PPA/CPTA contract but will not include the development of new software and applications. The intended period of performance will be for a one (1) year base period with four (4) one-year option periods beginning approximately December 2017. II. MANDATORY CRITERIA Information is being requested to identify potential sources that meet the following criteria: · Federally-chartered bank or a state-chartered bank or trust company regulated by the Federal Reserve System or the Federal Deposit Insurance Corporation; · Federally-chartered bank or a state-chartered bank or trust company that has a business relationship with the Federal Reserve Bank of New York; •· Federally-chartered bank or a state-chartered bank or trust company that is approved for and capable of transferring funds and delivering single class and multiclass Mortgage-Backed Securities through the Federal Reserve Bank (FRB) system; act as Collection and Paying Agent; act as Trustee for Platinum and act as Real Estate Mortgage Investment Conduit (REMIC) information Agent; · Federally-chartered bank or a state-chartered bank or trust company that can conduct operations within the fifty (50) United States and the District of Columbia; and · SEI CMMI Level III Certification; Certified Information System Security Professional (CISSP); and Chief System Architect III. DESCRIPTION OF SERVICES The following is a high level overview of the MBSIBA services to be performed: •1. Grant and manage access to Ginnie Mae applications via the Ginnie Mae Enterprise Portal and ensure program participants meet MBS program guidelines. •2. Process mortgage pool and loan information documents for issuing securities and for issuing Platinum pools. This includes performing all required pooling prerequisites and subsequent pooling activities to enable the delivery of securities. •3. Receive and process issuer requests to transfer mortgage servicing rights to other Ginnie Mae issuers in good standing. This includes ensuring all information has been received and properly executed in accordance with Ginnie Mae program requirements as outlined in the Ginnie Mae MBS Guide and all required servicing transfer fees have been paid. •4. Deliver issued pools to Federal Reserve for settlement. •5. Maintain a Central Registry of outstanding Ginnie Mae Single Class and Multiclass Securities. Maintain the official security holder record for each MBS issuance in the Ginnie Mae provided electronic on-line system on a real time basis. Maintain and update the Ginnie Mae Central Registry of security holders and when securities are transferred or exchanged •6. Disclose monthly Factor file information for Ginnie Mae newly issued and previously issued securities to the investor community. Required Disclosure factors can be found on Ginnie Mae's website. •7. Act as Ginnie Mae's collection and paying agent. Act as Ginnie Mae's collection agent for principal and interest (P&I) payable by Issuers for all Ginnie Mae II securities; guaranty fees due to Ginnie Mae for both Ginnie Mae I and Ginnie Mae II program; as well as other fees or assessments as described in the MBS Guide. Act as Ginnie Mae's paying agent for Ginnie Mae II securities; all emergency payments for Ginnie Mae I or Ginnie Mae II securities where the responsible Issuer cannot make payment; and other payments as Ginnie Mae shall require. •8. Operate & Maintain (O&M), host and enhance IT systems/applications. Host and provide O&M services for Ginnie Mae applications which included web-based and mainframe based technologies, software and related processes necessary to support the services in this PWS. Support to include updates to production systems from defects ("bug" fixes) as well as changes to accommodate new requirements or minor enhancements to functionality, process improvements, or infrastructure. In addition, support corrective, adaptive and other major enhancements to existing systems as part of Ginnie Mae's modernization initiatives. Provide support for data architecture, configurations, compliance, operational and technical incident reporting, data plus quality assurance, and help desk activities. •9. Act as the trustee for Platinum MBS. Perform the monthly administration of all Platinum securities, which includes the issuance, delivery of trust receipt and disclosure of factors on Platinum securities. On a monthly basis, perform financial analysis and maintain the Multiclass Database containing information on outstanding Platinum securities, listing of pools backing each Platinum security, and related information. •10. Act as Ginnie Mae Real Estate Mortgage Investment Conduit (REMIC) information agent for all Ginnie Mae guaranteed Multiclass Securities. Collect and, incorporate data obtained from the Trustee based upon the characteristics of the Trust Assets actually delivered to the Trust Maintain Ginnie Mae's REMIC Automated System Database on REMIC offering circular supplements, listing of pools backing each REMIC, and related information. On a monthly basis, obtain Monthly Tranche Factor (MTF), Series Remaining Factor (SRF) and Floating Rate Reset (FRR) for each REMIC and publish to REMIC web page. •11. Provide program participant training and attend and support Ginnie Mae at conferences relating to MBS Issuance and Bond Administration (MBSIBA). •12. Create and maintain records and archives related to MBSIBA activities. •13. Implement and maintain a Disaster Recovery Plan to ensure continuity. •14. Develop and maintain a Continuity of Operations Plan (COOP) to ensure continuity. •15. Perform and be subject to SSAE 18, FISCAM, OMB A-123 and Office of Inspector General audits. IV. INSTRUCTIONS FOR RESPONDING TO THIS RFI This is an information gathering exercise to identify potential sources and to help develop the requirements and the acquisition strategy for the MBSIBA services. CONFIDENTIALITY: No proprietary, classified, confidential, or sensitive information should be included in your response. The Government reserves the right to use any non-proprietary technical information in any resultant solicitation(s). Response Format/Page Limitations: The overall total page limit for responses to this RFI is five (5) double sided pages; or a total of 10 single sided pages. Response submissions should be submitted in Microsoft Word format with Times New Roman font, 12 pt. or greater font size. Responses should be complete and sufficiently detailed; and limit marketing material. Responses should include the following information: A - GENERAL INFORMATION •A1. Company Name/Address/Contact Information and DUNS number; •A2. Business size/classification; and •A3. Identify any GSA schedules or other existing contract vehicles your firm holds that supports the work described in this RFI. B - CAPABILITY AND EXPERIENCE INFORMATION •B1. Describe your firm's level of experience and qualifications, or potential to acquire capability, to support the MBS Issuance and Bond Administration program. Include any related Ginnie Mae experience; •B2. Describe your firm's ability to meet the mandatory criteria in Section II above; and •B3. Provide examples of your firm's experience supporting the migration of applications from a managed data center to a cloud-based hosted environment. C - COMMENTS AND FEEDBACK •C1. Identify small business contracting and subcontracting opportunities; and •C2. Based on your review of the RFI, what contract type do you recommend and why? •C3. Provide comments/suggestions and/or insights you may want the government to consider. **************************************************************************** Submission: Responses to this RFI shall be submitted to John Lambert via email at
[email protected] (cc:
[email protected]) no later than Tuesday, April 4, 2017, at 10:00AM EST. P lease include the following as the subject line of the email "Ginnie Mae MBSIBA RFI Response".