HUD awards $3M for Mortgage Compliance Manager services to Residential Enhancements, Inc
Contract Overview
Contract Amount: $3,000,000 ($3.0M)
Contractor: Residential Enhancements, Inc.
Awarding Agency: Department of Housing and Urban Development
Start Date: 2025-12-03
End Date: 2026-12-02
Contract Duration: 364 days
Daily Burn Rate: $8.2K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: 4.0 MORTGAGE COMPLIANCE MANAGER (MCM)
Place of Performance
Location: TUCKER, GWINNETT County, GEORGIA, 30084
State: Georgia Government Spending
Plain-Language Summary
Department of Housing and Urban Development obligated $3.0 million to RESIDENTIAL ENHANCEMENTS, INC. for work described as: 4.0 MORTGAGE COMPLIANCE MANAGER (MCM) Key points: 1. The contract value is $3 million over one year. 2. Residential Enhancements, Inc. is the awardee. 3. The contract was awarded under full and open competition. 4. The NAICS code is 531390 (Other Activities Related to Real Estate).
Value Assessment
Rating: questionable
The contract value of $3 million for a 1-year term for a Mortgage Compliance Manager role appears high. Benchmarking against similar roles and contract durations is needed to assess value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a competitive bidding process. However, the specific pricing strategy and how it was evaluated against other bids are not detailed.
Taxpayer Impact: Taxpayer funds are being used for this contract. The value assessment is crucial to ensure efficient use of these funds.
Public Impact
Ensures compliance with mortgage regulations, protecting consumers and the housing market. Supports the Department of Housing and Urban Development's mission. Potential impact on the efficiency and effectiveness of HUD's mortgage oversight.
Waste & Efficiency Indicators
Waste Risk Score: 82 / 10
Warning Flags
- High contract value for a single role.
- Lack of detailed cost breakdown for assessment.
Positive Signals
- Awarded under full and open competition.
- Clear contract duration and end date.
Sector Analysis
This contract falls under 'Other Activities Related to Real Estate' within the broader real estate services sector. Spending in this area often relates to regulatory compliance, property management, and advisory services.
Small Business Impact
The data indicates that small business participation was not a factor in this award (ss: false, sb: false). Further analysis would be needed to understand the impact on small businesses in this sector.
Oversight & Accountability
The Department of Housing and Urban Development is the awarding and oversight agency. Standard procurement regulations were likely followed, but specific oversight mechanisms for performance and cost are not detailed.
Related Government Programs
- Other Activities Related to Real Estate
- Department of Housing and Urban Development Contracting
- Department of Housing and Urban Development Programs
Risk Flags
- High contract value for a single role.
- Potential for limited competition due to initial source exclusion.
- Lack of detailed cost breakdown for value assessment.
- Need for benchmarking against similar contracts.
Tags
other-activities-related-to-real-estate, department-of-housing-and-urban-developm, ga, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Housing and Urban Development awarded $3.0 million to RESIDENTIAL ENHANCEMENTS, INC.. 4.0 MORTGAGE COMPLIANCE MANAGER (MCM)
Who is the contractor on this award?
The obligated recipient is RESIDENTIAL ENHANCEMENTS, INC..
Which agency awarded this contract?
Awarding agency: Department of Housing and Urban Development (Department of Housing and Urban Development).
What is the total obligated amount?
The obligated amount is $3.0 million.
What is the period of performance?
Start: 2025-12-03. End: 2026-12-02.
What is the typical market rate for a Mortgage Compliance Manager with similar responsibilities and experience?
Market rates for Mortgage Compliance Managers can vary significantly based on experience, location, and specific responsibilities. For senior roles requiring extensive knowledge of federal regulations, salaries can range from $100,000 to $180,000 annually. Consulting fees for specialized services could be higher. Without more detail on the scope of work, a precise benchmark is difficult, but $3 million for one year suggests either a very senior individual, a team, or extensive project scope.
How does the 'full and open competition after exclusion of sources' process ensure optimal pricing?
This procurement method implies that after an initial exclusion of certain sources (perhaps due to specific requirements or past performance), the remaining pool of potential offerors competed under full and open guidelines. This should theoretically lead to competitive pricing as multiple qualified vendors vie for the contract. However, the initial exclusion could limit the breadth of competition, potentially impacting the final price discovery.
What specific deliverables or outcomes are expected from this $3 million contract?
The contract is for a 'Mortgage Compliance Manager (MCM)'. Expected outcomes likely include ensuring adherence to all federal and state mortgage lending regulations, developing and implementing compliance programs, conducting internal audits, and advising on risk mitigation strategies. The $3 million value suggests a comprehensive scope, potentially encompassing policy development, training, and ongoing monitoring across a significant portfolio or division within HUD.
Industry Classification
NAICS: Real Estate and Rental and Leasing › Activities Related to Real Estate › Other Activities Related to Real Estate
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 6434 LAWRENCEVILLE HWY, TUCKER, GA, 30084
Business Categories: American Indian Owned Business, Black American Owned Business, Category Business, Corporate Entity Not Tax Exempt, HUBZone Firm, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $3,000,000
Exercised Options: $3,000,000
Current Obligation: $3,000,000
Actual Outlays: $160,000
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: YES
Parent Contract
Parent Award PIID: 86616026D00001
IDV Type: IDC
Timeline
Start Date: 2025-12-03
Current End Date: 2026-12-02
Potential End Date: 2026-12-02 00:00:00
Last Modified: 2026-04-02
Other Department of Housing and Urban Development Contracts
- Single Family Master Subservicer Services in Support of Ginnie Mae's Mortgage-Backed Securities (MBS) Programs — $982.0M (Carrington Mortgage Services LLC)
- TAS::86 4585::TAS Award of Portion of Hits Solicitation Under RFP R-Opc-21970 Pursuant to Settlement Agreement. the Contractor Shall Provide Data Center, Help Desk, and Disaster Recovery Services — $620.3M (Peraton Enterprise Solutions LLC)
- TAS::86 4585::TAS Award of Portion of Hits RFP to LMC. the Contractor IS Responsible for Lotus Notes, Desktops, Laptops, Field Office Servers, Lans, Printers, and Kiosks — $498.6M (Lockheed Martin Services, LLC)
- Single Family Master Subservicer Igf::ot::igf — $343.6M (Carrington Mortgage Services LLC)
- Single Family Master Subservicer Igf::ot::igf — $314.2M (Selene Finance LP)
View all Department of Housing and Urban Development contracts →