Contractor performance assessment report, RER Solutions, July 1, 2015

Summary

A Contractor Performance Assessment Report (CPAR) dated 07/01/2015 giving a final evaluation of RER FINANCIAL GROUP, LLC on contract GS23F0049J DU208WP14T00002 for the period 05/21/2014 - 05/20/2015, with a total dollar value of $164,763. The project, 184 and 184(a) Underwriter Contract, provided underwriting review support of section 184 and Section 184(a) closed loan packages for the Office of Loan Guarantee. Quality, schedule and management are rated Exceptional. The comments state that the office needed support to decrease a loan file back log in excess of 5,000 files and that loans are now reviewed within 5 to 10 days, where before they were reviewed within 40 to 60 days. The report names Debra McCraw as assessing official and states that the official would recommend the contractor for similar requirements.

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CPARS/FAPIIS Page | of 3

FOR OFFICIAL USE ONLY / SOURCE SELECTION INFORMATION - SEE FAR 2.101, 3.104, AND 42.1503

CONTRACTOR PERFORMANCE ASSESSMENT REPORT (CPAR)
Nonsystems

Name/Address of Contractor:

Company Name: RER FINANCIAL GROUP, LLC

Division Name:

Street Address: 950 HERNDON PKWY STE 200

City: HERNDON

State/Province: VA Zip Code: 201705548

Country: US

CAGE Code:

DUNS Number: 609890819

PSC: R408 NAICS Code: 523999

Evaluation Type: Final

Contract Percent Complete:

Period of Performance Being Assessed: 05/21/2014 - 05/20/2015

Contract Number: GS23F0049J DU208WP14T00002 Business Sector & Sub-Sector: Nonsystems - Prof/Tech/Mng Suppc

Contracting Office: DU208 Contracting Officer: DEBRA MCCRAW Phone Number:

Location of Work:

451 7th Street SW, Washington DC

Award Date: 05/21/2014 Effective Date: 05/21/2014

Completion Date: 06/30/2015 Estimated/Actual Completion Date: 06/30/2015

Total Dollar Value: $164,763 Current Contract Dollar Value: $164,763

Complexity: Medium Termination Type: None

Competition Type: Full and Open Competition Contract Type: Firm Fixed Price

Key Subcontractors and Effort Performed:

DUNS:

Effort:

DUNS:
Effort:

DUNS:
Effort:

Project Number:

Project Title:

184 and 184(a) Underwriter
Contract Effort Description:

Provide underwriting review support of section 184 and Section 184(a) closed loan packages submitted for loan guarantee
certificates in support of the office of Loan Guarantee.

Small Business Utilization:
Does this contract include a subcontracting plan? No
Date of last Individual Subcontracting Report (ISR) / Summary Subcontracting Report (SSR): N/A

Evaluation Areas Past Rating Rating
Quality: N/A Exceptional
Schedule: N/A Exceptional
Cost Control: N/A N/A
Management: N/A Exceptional
FOR OFFICIAL USE ONLY
CPARS/FAPUS Page 2 of 3

FOR OFFICIAL USE ONLY / SOURCE SELECTION INFORMATION - SEE FAR 2.101, 3.104, AND 42.1503

Utilization of Small Business: N/A N/A
Regulatory Compliance: N/A N/A
Other Areas:

(1): N/A
(2): N/A
(3): N/A

Variance (Contract to Date):
Current Cost Variance (%): Variance at Completion (%):
Current Schedule Variance (%):

Assessing Official Comments:

QUALITY: The quantity (apprx 2460 loans) and quality of the work has been exceptional
throughout the contract. The contractor has been asked to review loans to ensure
soundness and compliance to section 184 processing and underwriting guidelines.
The contractor became fully immersed in the contract within days and works with
little to no supervision. The contractors work has been verified on a daily to
weekly basis and has been found to be complete and thorough. The contracted
submits ¢daily review findings¢ that are forwarded to the lenders. After 2 to 3
months we started to see the quality of the files received in our office improved
substantially, the time lines to complete the reviews and issue a loan guarantee
certificate have improved substantially. Loans are now being reviewed within 5 to
10 days where before they were being reviewed within 40 ¢to 60 days.

SCHEDULE: The Office of Loan Guarantee (OLG) was in need of contract support to decrease a
loan file back log in excess of 5,000 files. The contractor has average between 45

and 65 files per week for the duration of the contract. The contractor has

submitted a weekly report that reflects all the work performed by the zonsite

contractorg and the status of every loan reviewed. The contractor has submitted

every report on time and the reports are of high quality, accurate and provide a

comprehensive overview of the work performed in an easy to read format. The

timeliness of the contractors work has been exceptional and has reached the point

where the contractor is reviewing files within days of the files being received by

the OLG program office.

COST CONTROL: Firm Fix Price
MANAGEMENT: Extremely professional with no incidents or complaints of performance.
UTILIZATION OF SMALL BUSINESS: N/A

REGULATORY COMPLIANCE: N/A

RECOMMENDATION:

Given what | know today about the contractor's ability to perform in accordance with this contract or order's most significant
requirements, | would recommend them for similar requirements in the future.

Name and Title of Assessing Official:
Name: Debra McCraw

Title:

Organization: OCPO

Phone Number: Email Address:

Date: 07/01/2015

Contractor Comments:
FOR OFFICIAL USE ONLY


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