Is Alltel Talking to Dovenmuehle?

Alltel Information Corp., Jacksonville, Fla., may be talking to Dovenmuehle Mortgage, Schaumburg, Ill., the nation's largest subservicer, about a possible purchase of the company, sources have told MortgageWire.Alltel operates the largest service bureau for residential servicers. A Dovenmuehle spokesman would not comment on the matter, and Alltel officials did not return telephone calls. At the end of June Dovenmuehle subserviced $26.41 billion in loans, according to the Database Products Group, a MortgageWire affiliate. (Dovenmuehle has owned servicing of just $338 million.) Last year EDS, a technology firm, bought Wendover Funding, Greensboro, N.C., another large subservicer.

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