California eProcure #26-20-006

Title and Escrow Services for HCD Loan Portfolio Transfers

California HCD is seeking title and escrow services to support the transfer of local government-held loan portfolios. - Government buyer: State of California, California Housing and Homelessness Agency; Department of Housing and Community Development (HCD), Administration and Management Division, Business and Contract Services Branch, Contract Services Section. - Scope: Services cover up to 375 existing loans and approximately 250 properties. The notice describes service coverage across California, while the detailed attachment focuses on properties in Lindsay, Tulare County. - Requested services: Prepare preliminary title reports; process and record mortgage note, deed of trust, and covenant assignments; handle reconveyances and partial reconveyances; issue ALTA lenders title insurance policies; and provide up to three mobile notary visits. - Important requirements: Deliver preliminary reports in staged groups, with the full set due within ten weeks of contract execution. For recorded documents, provide HCD a conforming PDF and the original recorded instrument within five business days of recordation. HCD supplies assignment and reconveyance documents; notary acknowledgement costs are included in related unit rates. - Additional cost controls: Preliminary-report work exceeding three labor hours requires advance written approval. Other unforeseen title and escrow work requires advance written approval and is capped at $100,000 in aggregate. - OEMs and vendors: No title-service vendors or product manufacturers are named. ALTA refers to the type of title insurance policy requested, not a named vendor.

Description

The California Department of Housing and Community Development is seeking title and escrow transactional services to facilitate assignment and transfer of local government-held loan portfolios. The contractor will provide these services for up to 375 existing loans affecting approximately 250 individual properties. The event lists service areas across 58 California counties.

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