Single Family Master Servicer and Sub-Servicer Services
Overview
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SUMMARY
DESCRIPTION
A government authority in Seattle, Washington is seeking a vendor to provide single family master servicer and sub-servicer services for its housing finance programs. The selected contractor will serve as both a master loan servicer and sub-servicer, supporting a successful secondary market operation and efficient loan conduit activities that help expand access to homeownership for low- to moderate-income families.
The scope includes performing monthly post-closing quality control audits on loans originated under the agency’s programs. The contractor will be required to select and review random and discretionary samples of closed loans each month and conduct re-verification of key loan file documents, including income, employment, assets, and occupancy. Reviews must also assess underwriting accuracy, documentation sufficiency, data integrity across credit, appraisal, findings, and compliance records, as well as identify potential fraud or misrepresentation and ensure compliance with applicable federal and state requirements.
The vendor must document findings and risk ratings in a monthly quality control exception report and maintain records for all reviewed loans and related findings. Questions are due by July 30, 2026, a pre-bid meeting is scheduled for July 28, 2026, and the anticipated contract term is two years.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due August 26, 2026.
- Who is a good fit for this opportunity?
- Mortgage servicing firm with single family master servicer and sub-servicer experience
- Demonstrated expertise in secondary market operations and housing finance programs
- Experience supporting government authorities or housing finance agencies
- Strong post-closing quality control and mortgage compliance audit capabilities
- Knowledge of federal and Washington State mortgage regulatory requirements
- Ability to perform loan file re-verification, fraud detection, and risk reporting
- Established documentation controls and monthly exception reporting processes
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.