Appraisal and Progress Advance Validation Management Services

Canada Mortgage and Housing Corporation (CMHC) provides mortgage loan insurance under the National Housing Act (NHA) and the regulations thereunder. CMHC-insured financing is available to facilitate the purchase (with or without improvements), the construction, or a borrower-initiated switch between approved lenders of an existing loan in relation to an eligible residential property comprised of up to four units. Insurance applications are submitted by Approved Lenders and assessed by CMHC. The assessment process may include appraisals and site visits being conducted to determine the value or condition of a property or to conduct progress advance reviews. With this RFP, CMHC is seeking the services of two (2) vendors to manage Appraisal Services including Full, Drive-by, and Desktop Appraisals and Progress Advance Validation (PAV) inspection requests nationally and, one (1) vendor to manage Progress Advance Validation inspections for the province of Quebec. The term of the agreement resulting from the RFP is expected to be for a period of three (3) years from July 4, 2024, to July 3, 2027, with an option to extend the agreements on the same terms and conditions for one (1) additional two (2)-year term. Please note that CMHC will not distribute solicitation documents that are posted on canadabuys.canada.ca. Suppliers must download the solicitation document and attachments directly from the tender page.