NYC Passport #83626B0002

NYC Department of Finance Solicits Secure Processing Services for Mortgage Service Company Payments

The New York City Department of Finance (DOF) is seeking a contractor to provide secure processing services for Mortgage Service Company (MSC) payment and receivables files as part of the city's real property tax collection system. - Government Buyer: - New York City Department of Finance (DOF) - Products/Services Requested: - Mortgage Service Company Payment and Receivables Processing services - Validate, aggregate, and reconcile payment files from MSCs - Match payment totals to Fedwire payments - Produce consolidated output files for posting to taxpayer accounts - Provide secure file transfer (FTP), error reporting, and daily reporting - Unique/Notable Requirements: - Secure handling of sensitive taxpayer and payment data, including PII - Compliance with city cybersecurity, confidentiality, and data protection standards - Work must be performed at a secure contractor site, with possible on-site presence at DOF offices for implementation/support - Subject to Local Law 1 - M/WBE participation requirements - Electronic bid submission via PASSPort portal - No specific OEMs or vendors are named in the solicitation - Estimated contract value: $544,785 - Contract term: six years, with options for renewal

Description

The New York City Department of Finance (DOF) is seeking a qualified contractor to validate, aggregate, and consolidate files from Mortgage Service Companies (MSCs). The contractor will match payment totals to a single Fedwire payment and produce a consolidated output for posting to taxpayer accounts. The solicitation is released through PASSPort, NYC's online procurement portal. The contract term is anticipated to be six years with options to renew, and the procurement is subject to Local Law 1 - M/WBE compliance.

View original listing