California eProcure #26520504

CalVet Solicits Payment Processing Services for Home Loans Division

This opportunity is issued by the California Department of Veterans Affairs (CalVet) to secure payment processing services for its Home Loans Division. - Government Buyer: - California Department of Veterans Affairs (CalVet), Home Loans Division - Products/Services Requested: - Payment processing services to support home and farm loan programs for veterans - Contractor must provide all required payment processing products and services at CalVet headquarters in Sacramento - Contract Details: - Three-year contract term - Governed by a detailed Statement of Work outlining IT, service level, and compliance requirements - Unique/Notable Requirements: - Program is self-funded using state voter-approved bond funding (no cost to taxpayers) - Compliance with administrative and technical standards is mandatory - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Eligibility: - Open to qualified bidders able to meet all requirements and provide the specified services for the contract duration

Description

This Request for Quote (RFQ) seeks payment processing services for the CalVet Home Loans Division, a California state agency that provides home or farm loans to veterans using state voter-approved bonds funding. The Home Loan Program offers loans with below-market interest rates and low or no down payment requirements, operating as a self-funded program without cost to California taxpayers. The contractor will provide all required products and services at the Department of Veterans Affairs Headquarters in Sacramento, CA. The contract term is anticipated to be three years, starting on the date indicated in the Key Action Dates.

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