THE Department of Veterans Affairs Loan Guaranty Service Administers a Home Loan Program That Promotes Home Ownership Among OUR Nations Veterans and Active Duty Personnel. the Program Provides Federal Home Loan Guarantees on Residential Property Purchased by Veterans and Service Members. AS a Byproduct of the Guarantee Program, VA MAY Become the Holder of Real Estate Owned Properties and Portfolio Loans. VA Procures a Contractor to Manage These Assets
Contract Overview
Contract Amount: $215,512,122 ($215.5M)
Contractor: Vendor Resource Management, Inc.
Awarding Agency: Department of Veterans Affairs
Start Date: 2017-07-01
End Date: 2026-09-30
Official Description: IGF::OT::IGF THE DEPARTMENT OF VETERANS AFFAIRS LOAN GUARANTY SERVICE ADMINISTERS A HOME LOAN PROGRAM THAT PROMOTES HOME OWNERSHIP AMONG OUR NATIONS VETERANS AND ACTIVE DUTY PERSONNEL. THE PROGRAM PROVIDES FEDERAL HOME LOAN GUARANTEES ON RESIDENTIAL PROPERTY PURCHASED BY VETERANS AND SERVICE MEMBERS. AS A BYPRODUCT OF THE GUARANTEE PROGRAM, VA MAY BECOME THE HOLDER OF REAL ESTATE OWNED PROPERTIES AND PORTFOLIO LOANS. VA PROCURES A CONTRACTOR TO MANAGE THESE ASSETS.