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Description of Services
Loan Servicing and Asset Management
Special Item Number 520-5

RESOLUTION OF COMPLAINTS
Agencies may require a contractor to perform some or all of the tasks associated with resolving complaints for the loans/assets being serviced by the contractor. Agencies may issue task orders that include requirements for this service which contains services similar to the those described below. A task order may require any combination of these services. These services illustrate some of the types of tasks that the contractor may be required to perform under this contract, but this is not intended to be an all inclusive list. Rather, it illustrates the types of services a contractor may provide.

When required, agencies may issue task orders that include the resolution of complaints relating to loan servicing and asset management activities which may require, but are not limited to the following types of tasks:

  • Upon receipt of any complaint from the ordering agency or directly from the borrower that alleges a violation by the contractor of state or Federal law, the contractor may be required to immediately cease collection activity on the account in question. The contractor may be required to provide to the ordering agency a copy of its collection activity record on the account within established timeframes, any other relevant information, and a draft response to the complaint so that the agency may respond to the complaint.
  • The contractor may be required to cease collection activity on accounts identified in a complaint until resolution of the complaint has been approved by the ordering agency. After oral or written notification from the agency that a complaint has been satisfactorily resolved, the contractor may be required to immediately initiate the appropriate action on the account.
  • An agency may require any inquiry from a U.S. Senator's Office, U.S. Congressional Office, State or Local Government Office, or other Government body regarding a loan account be forwarded to the ordering agency within a specified time period of receipt together with the contractor's draft response to the inquiry and any pertinent documentation.
  • During the resolution of a complaint, the contractor may be required to take steps to ensure that the problem that caused the complaint will not recur.

 

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