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COUNTRYWIDE TO OPEN CENTER LOAN OFFICE TO HIRE ABOUT 500 PEOPLE.


Byline: Daily News

LANCASTER - Calabasas-based Countrywide coun·try·wide  
adv. & adj.
Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search.

Adj. 1.
 Home Loans is expected to open next month a loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services.  office that will employ more than 500 people.

Countrywide Home Loans, the largest subsidiary of Countrywide Credit Industries, is investing $10 million to establish a 101,000-square-foot office building in the Lancaster Business Park on 12.7 acres it is buying from the city for nearly $1 million.

Most of the work force is expected to be new hires from 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
, company officials said.

The office complex is being developed by Frank Visco, a Lancaster businessman and former chairman of the California Republican Party The California Republican Party is the California affiliate of the national Republican Party. Its chairman is Ron Nehring and is based in Burbank, California, a suburb of Los Angeles. . Visco developed and owns several buildings in the business park, including those occupied by Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  County offices.

The city 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 of the office campus and helping finance the land purchase.

Countrywide has more than 15,000 employees and 550 offices nationwide. The company services the mortgages of 3 million homeowners.

CAPTION(S):

photo

Photo:

(color) Frank Gogan, left, vice president of Countrywide Home Loans, and Lancaster Mayor Frank Roberts Frank Roberts may refer to:
  • Frank Roberts (diplomat) (1907-1998), British diplomat
  • Frank Roberts (footballer) (born 1893), English footballer
  • Frank Crowther Roberts (1891-1982), English recipient of the Victoria Cross
See also
 tour the company's new 101,000-square-foot building.

Jeff Goldwater/Staff Photographer
COPYRIGHT 2002 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Date:Apr 9, 2002
Words:208
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