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103113 1 (1977-08-24)

handle is hein.gao/gaobacxpk0001 and id is 1 raw text is: DOCUMENT RESUMEp 03113 - rA24135411 Large Savings Possible in Mortgage In3rance Premium Payment SYst'l. Auqust 24, 1 Q77. 11 pp-* 4 appendices (6 pp.). Report to the Congress; by Elmer B. staats, Comptroller General. Issue area: Accounting and Financial Reporting (2800). Contact: Financial and General Management Studies Div. Budget Function: Miscellaneous Financial Mnagement ani Information Systems (1002). Organizatice Concerned: Department of Defense; Department of Housing and Urban Development. Conigressouli Relevance: ouse Committee on Banking, Currency and fosing; Senate Committee on Banking, Housing and Urban Affairs; Congress. Aut ority: National Housing Act of 1954, sec. 222 (12 U.S.C. 1715m) . Much money can be saved by eliminating, reducing, or simplfyeig the Department of Defense (DOD) program of paying its employees mortgage insurance premiums to the Department of housing and Urba Developent 1UD) Finiings/Conclusions: The salary costs of aUD and DOD eployees involved in billing and paying premiums amount to 2700, I, while annual premiums paid by DOD to HUD amount to i2.6 million. To transfer funds from DOD, HTfD bills Defense individually for 31,000 premiums due annually for military personnel covered under the program. The salar-y costs are high because of a 20% billing error rate. billing data changes reported by DOD were not ettered into HUD's billing files, causing the errors. Many bills sett to DOD should have been sent to private mortgage companies, while others which scou have been sent to DOD were not. Because HUD did not correct all the previous year's errors reported by DOD, about one-third of the errors in 1974 were repeated in 1975. Recommendations The Secretary of Housing and Urban Development should: correct the master billing files and process changes promptly; and direct that he system of billing DOD for housing insurance premiums be simplified by using, for example, a lump sum billing in lieu of about 24,000 individual billings. In addition, the Secretaries of Housing and Urban Development and Defense should evaluate the need for continuing the program, since new programs are available to military personnel, or determine whether income eligibility criteria are needed, The results of these evaluations should be reported to the appropriate congressional commi+tees (Author/SC)

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