USDA Releases Second RFI Update on Cloud Loan Creation and Service Platform – MeriTalk
The United States Department of Agriculture (USDA) has Posted a second update to its quest for a cloud-based Common Enterprise Loan Origination and Servicing (CELOS) platform.
In the initial post to beta.SAM.gov, the USDA said its rural development mission area was facing increasing customer demand for its loan and grant programs, so it was looking to automate them. tasks and make better use of online tools to communicate with customers and partners. , as well as equipping IT staff with the information and agility necessary to meet the demands of its stakeholders.
The initial response deadline was March 19, 2021; however, the department extended the deadline to April 30, 2021. This is the second extension, as earlier in March, the USDA extended the deadline to April 9, 2021. In the latest update, l ‘USDA said it was extending the deadline “to allow it’s time for the government to release additional information on the requirements (if needed) and to hold vendor presentations on Industry Day before the third week of May 2021. ”He further noted that“ More information will be released soon regarding Industry Day presentations and how to register. ”
While more information is likely to come, the USDA has previously said the platform needs to deliver industry-standard compliant forms, datasets, and data definitions using low-code solutions. / without code. Additionally, the preferred solution will include the use of off-the-shelf commercial (COTS) / off-the-shelf government (GOTS), Data as a Service (DaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) products. ).
The solution must also be cloud-based and FedRAMP compliant, or it must be FedRAMP ready and able to comply within six months of the sponsorship award. Suppliers will need to provide an overview of their FedRAMP readiness level.
The main objectives of this rural development scale integrated solution initiative are:
- “Improved support for beneficiary citizens – Ability to electronically apply for loans and grants and view application status online;
- Reduction of risks associated with program delivery – Ensure fair and uniform treatment of all applicants;
- Improved support for [Rural Development] staff – Intuitive and powerful systems for field staff;
- Agility and flexibility – Rapid deployment of new and modified programs;
- Improved program and portfolio visibility – Improved decision support;
- Single source of data – Reliable and accurate data and increased confidence; and
- Reduced complexity of maintenance – Dramatically streamline loan, guarantee and grant application procedures. “