COUNTRYWIDE EXPANDING HOME-LOAN FIRM PUTTING UP SECOND BUILDING.Byline: Jim Skeen Do you mean:
LANCASTER - Countrywide coun·try·wide adv. & adj. Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search. Adj. 1. Home Loans will build a second Lancaster office building that will let its local work force grow to 1,400 employees, officials announced Tuesday. The $11 million, 102,000-square-foot office complex will go up next to the existing loan-service center in the Lancaster Business Park. Construction is expected to begin in April and be completed in October. ``The expansion of our facilities in Lancaster provides an opportunity for Countrywide to further tap into the extensive pool of talent we have discovered in the Antelope Valley This article is about the Los Angeles County region. For the census-designated place in Wyoming, see Antelope Valley-Crestview, Wyoming. The Antelope Valley ,'' said Patrick Benton, the company's executive vice president. Countrywide employs more than 500 people at its Lancaster loan-service center, a 101,000-square-foot building that opened last year. There is room in that building for approximately 200 to 300 more workers. The company does not have a timetable for how quickly the new building will be filled, officials said. ``The majority of new hires have come from Lancaster and the surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. areas,'' said Tim Nicholson, the company's first vice president of customer service. The new building will be two stories tall and contain a cafeteria cafeteria: see restaurant. and a fitness center for employees. Like the first building, the second building will be developed by Lancaster businessman Frank Visco. Countrywide Home Loans, based in Calabasas, is the largest subsidiary of Countrywide Credit Industries, which has some 23,000 employees. Countrywide Home Loans is a mortgage-banking company that originates, sells and services home loans. The company's decision to start a loan-service center in Lancaster stemmed stemmed adj. 1. Having the stems removed. 2. Provided with a stem or a specific type of stem. Often used in combination: stemmed goblets; long-stemmed roses. from a breakfast gathering of business people hosted by Visco. Driving to the breakfast, Countrywide Credit Industries Chairman Angelo Mozilo saw the thousands of commuters pouring out of the Antelope Valley and thought about tapping into the region's labor pool. For the first building, the city of Lancaster The City of Lancaster (2002 population: 133,914) is a local government district with city status in Lancashire, England. Its main town is Lancaster, from which it obtained its city status. Other towns in the district include Morecambe, Heysham, Slyne, and Carnforth. provided $1.5 million in assistance, including relocating a street to the southern end of the office complex, building a wall along the western edge and helping finance the land purchase. No city assistance, other than expediting permits, is being offered for the construction of the new building. |
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