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QSSI Announces Award of the Home Equity Conversion Mortgage (HECM) Contract

QSSI is providing a solution to support FHA’s reverse mortgage processes to meet the growing demand for HECM loans, ensure compliance with federal legislation, address audit weaknesses, and to ultimately improve the monitoring and oversight over every stage of the loan lifecycle. The new system will help ensure FHA accurately maintains all active and historical loan records such as loan and borrower characteristics, loan balances, and case status, as well as provide HUD management with ready access to data for financial, budgetary and reporting requirements. As a Service Provider (SP), support for this Reverse Mortgage and Services modernization project spans requirements and program management, system development, reengineering process definition, system hosting, and a customer call center.

“This procurement represents a significant step forward for HUD and for the reverse mortgage industry in general and as such holds tremendous value for QSSI. We have a dedicated and knowledgeable team assembled to meet the needs of this mission critical program,” said Bikram Bakshi, President & CEO, QSSI.

About QSSI

Alex Cina
Executive Vice President
301-977-7884, ext 204
acina@qssinc.com