Illinois BidBuy #26-440DFPR-BANKI-B-50508

Illinois seeks vendor for administration and support of Anti-Predatory Lending Database (APLD)

This opportunity involves the Illinois Department of Financial and Professional Regulation (IDFPR), Division of Banking, seeking a vendor to manage and support the Anti-Predatory Lending Database (APLD): - Government Buyer: - Illinois Department of Financial and Professional Regulation (IDFPR), Division of Banking - Products/Services Requested: - Administration, maintenance, and support of the APLD - Monthly service for database operation and support (24 months initial term, with two 24-month renewal options) - System modifications to the APLD - Up to 1,000 units (hours or tasks) per term, as requested and approved by IDFPR - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Unique or Notable Requirements: - Vendor must provide technology and business processes to support online entry of borrower application and closing information by brokers, originators, credit counselors, title insurance companies, and closing agents - System modifications require a detailed Statement of Work and prior written approval from IDFPR - The APLD is mandated by the Residential Real Property Disclosure Act and covers Cook, Kane, Peoria, and Will counties - Contract includes an initial two-year term with two optional two-year renewals - Place of Performance: - Services are for the State of Illinois, with the buyer located in Springfield, Sangamon County

Description

The Illinois Department of Financial and Professional Regulation (IDFPR) is soliciting bids for the administration, maintenance, and support of the statutorily required Anti-Predatory Lending Database (APLD). The APLD tracks residential mortgage loan transactions initiated by licensed loan originators or mortgage brokers in Cook, Kane, Peoria, and Will counties. The contract includes an initial term of two years with options for renewal, and may include modifications subject to approval. The vendor must provide technology, business processes, and support to ensure compliance with the Residential Real Property Disclosure Act and Department standards.

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