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Cross Country Move Adds Capacity at Nationwide.

Mortgage Servicing News

| March 01, 2003 | COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Nationwide Title Clearing Inc., has moved from the West Coast to the Gulf Coast of Florida.

While the big move hasn't changed the company's mission, it has allowed for significant expansion.

Senior vice president Jim Stewart said the increasing workload associated with all the refinancing activity during the past two years was one factor in the move.

"One of the things that brought about our move at this particular time was the ever increasing demands of our clients for more and more releases and more and more problem files that they need research on so they can do a release," he said.

Nationwide, simply, had outgrown its office facility in Glendale, Calif. It already had a site in Palm Harbor that was better suited to expansion, so the company decided to close shop in California and move its headquarters along with its primary servicing site to Florida.

In Glendale, Nationwide had roughly 15,000 square feet of space. In the Florida location, the company now has in excess of 40,000 square feet.

To minimize any disruption associated with the move, the company began hiring and training staff in Florida even before the primary servicing site was moved. The company's senior executives have all been retained and a few new ones have been added, he said.

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Source: HighBeam Research, Cross Country Move Adds Capacity at Nationwide.

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