STATEMENT OF PURPOSEThe City of West Sacramento is soliciting proposals from qualified firms or individuals ("Proposer") to provide loan portfolio management services for its existing loan portfolio, with the potential for originating future loans as funding becomes available. Required services consist of all aspects of loan servicing, including but not limited to: loan set-up, long-term tracking; processing monthly statements; collections; customer services; quarterly/annual reporting; and other tasks as described within this Request for Proposals (RFP) package. The City intends to enter into a multi-year agreement for up to three years. More details on the City's needs for this work are provided in the Scope of Work. Each qualified Proposer is to submit a proposal in conformity with the terms of this Request for Proposal ("RFP") by the deadline below ("Proposal"). The Proposer selected by the City pursuant to the terms of this RFP and the City's contracting procedures, if any is selected, is referred to herein as "Contractor."
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