SLED Opportunity · NEW YORK · NEW YORK
AI Summary
NYSERDA seeks a loan servicing organization to manage its $660M+ Green Jobs Green New York residential loan portfolio, including payment processing, customer service, collections, and reporting.
Description of goods to services to be bid: The New York State Energy Research and Development Authority is seeking a loan servicing organization to service its Green Jobs Green New York (“GJGNY”) loan portfolio exceeding $660 million in residential loans as of April 30, 2025. The loan servicer will be responsible for, but not limited to, the following: establishing loans received via an application programming interface (API) from the loan originator; acceptance of borrowers' loan remittances by automatic withdrawal, accepting over-the-phone payments and payments remitted by New York's seven investor-owned utilities via API and the correct application (spreading) of those payments; applying/charging late fees and returned payment/non-sufficient funds fees, preparing/mailing of monthly statements/bills; responding to borrower inquiries and complaints; providing payoff quotes and paid in-full letters; having an on-line application for borrowers to monitor their loans and make periodic payments; collections on delinquent accounts; and providing a variety of reports. If changes are made to this solicitation notification will be posted on NYSERDA’s website at: www.nyserda.ny.gov/funding-opportunities Eligibility/Qualifications Requirements/Preferences: NA Business enterprises awarded an identical or substantially similar procurement contract within the past five years: NA Service-Disabled Veteran-Owned Business (SDVOB) SDVOB Goal: 0.00% Minority / Women Business Enterprise contracting goals (MWBE) MBE Goal: 0.00% WBE Goal: 0.00% Disadvantaged Business Enterprise contracting goals (DBE) DBE Goal: 0.00%
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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