About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

089336 1 (1971-02-09)

handle is hein.gao/gaobacvhh0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 CIVIL DIVISION FES 9897 Dear Mr. Smith: The General Accounting Office has made a survey of selected loan management practices and certain aspects of the management information system of the Farmers Home Administration. Our survey work, performed at FHA's national headquarters office and at the State office and one county office in Virginia, was directed toward determining ways in which the efficiency of operations at the county office level could be improved so as to increase the time available to county office personnel for the counseling and supervision of borrowers. Our survey indicated that --certain loan management activities could be per- formed more efficiently and effectively at a centralized location thereby relieving county office personnel of such tasks as collecting loan repayments, posting borrower accounts, and monitoring insurance and tax payments on secured real estate, --the control over report requirements and methods of reporting at the State and county office level needed improvement. For example, numerous reports being prepared manually by county and State office personnel consisted of (1) data already provided as inputs to the computer system at the FHA Finance Office in St. Louis or (2) information extracted from computer-prepared reports and pre- sented in a different format. r We brought our preliminary observations concerning the above matters to the attention of members of your staff and were made aware of certain actions initiated or taken by FHA to improve loan management practices and the management infor- mation system. These actions included (1) the implementation of a system for having rural housing borrowers remit loan 50TH ANNIVERSARY 1921-1971 s

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most