Alltel Finishes Year-End Work In Record Time

Alltel completed 2002 year-end processing of 23.7 million mortgage loans serviced using the

Alltel Mortgage Servicing Package in 27 hours, setting a company record for the number of loans processed in this timeframe.

"Alltel has completed daily, month-end, quarter-end and year-end processing no later than 7 a.m. EST on the first business day of the year five years in a row, enabling clients to access their systems when they returned to work on Jan. 2," said Jim Milligan, president of Alltel Information Services' financial services division.

"This year, we completed processing by 5 a.m. EST on Jan. 2."

Alltel processes about 21.2 million mortgages with balances exceeding $2.4 trillion.

Copyright 2003 Thomson Media Inc. All Rights Reserved.

Next in News ►