Ervin claims he was ousted as a vendor after he blew the whistle on irregularities in the mortgage sale program. He alleges that the action ruined his business.
Experts say that Ervin’s case was compelling because ordinarily complaints of this type against a federal agency are resolved by the agency or handled by the U.S. Court of Claims. The suit also names former assistant deputy HUD secretary Helen Dunlap.Automation of the home loan process took another couple of steps forward last week with announcements from two of the leading mortgage origination software companies, Alltel and Contour.
Although unseen by the homebuyer, the computerized back-office systems used in processing loan applications and approvals are expected to ultimately benefit the consumer. The automated loan handling reduces costs, and the software vendors say that competition in the industry will lead to these savings being passed on to the public.
This week, the mortgage division of Alltel Information Services announced that Plymouth Mortgage Company would bring Alltels Inter Act Plus loan production system and Inter View loan origination system to Plymouth workstations.
Esteeming a property To know the structural problems or important attributes of your house it is necessary to hire a property valuer. And the property valuer will inspect the house to find its important attributes. System implementation planning and training has already started and systems are expected to be operational by early July 1997.
Plymouth President Fred Johnson said the Alltel Inter Act system "will enable us to redefine our workflow processes and reduce expenses in the mortgage origination process. The Alltel system was described by Alltel Vice President John Wolf Inter Act as "the first fully integrated Wakatu owns the land the building is on in Paru Paru Rd and had the right to meet any offer made for its purchase. A last-minute move by Wakatu Incorporation has foiled the city council’s plans to buy the Harvey’s Floorpride building for the future development of Rutherford Park and the proposed millennium centre.
Wolf said Inter Act is also fully integrated with Alltels Inter View, a leading point-of-sale loan origination system on the market today for loan originators, brokers, Realtors and affinity groups. Wakatu Incorporation chairman Paul Morgan refused to comment on claims Wakatu had left its decision until the 11th hour, but said the incorporation had made a commercial decision to purchase the building.