NEW HOME LOAN OFFICE LIKELY TO EMPLOY 400 BY OCTOBER COUNTRYWIDE OPENS LANCASTER BUILDING.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 has dedicated a loan-servicing office that the top company official says is expected to employ some 400 people by October and double that within 1 1/2 years. At Friday's ceremony, Countrywide Credit Industries Chairman Angelo Mozilo said the company is likely to add a second building in Lancaster. ``It's nothing but good things ahead of us,'' Mozilo said to applause from some 200 employees and civic leaders. The 101,000-square-foot office building in the Lancaster Business Park was developed by Lancaster businessman Frank Visco and is being leased to Countrywide. About 220 workers are already on the job in the building. Most of the new employees are expected to be hired 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 , where those getting the positions can leave jobs that required them to commute TO COMMUTE. To substitute one punishment in the place of another. For example, if a man be sentenced to be hung, the executive may, in some states, commute his punishment to that of imprisonment. long distances to and from the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. and other parts of 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. . ``We believe this organization is going to set the tone in the Antelope Valley to get people off the freeway,'' said Lancaster Mayor Frank Visco. At Friday's ceremony, Mozilo repeated a story he has told before - about how he began considering the area for an office after being impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: by the dedication of Antelope Valley workers. He was driving with Visco up the Antelope Valley Freeway The Antelope Valley Freeway is a freeway in Los Angeles and Kern counties in southern California. It is signed as California State Highway 14 along its length. It connects Greater Los Angeles to the rapidly developing Antelope Valley. to a Lancaster gathering, he recalled, when he saw the typical weekday morning southbound south·bound adj. Going toward the south. southbound Adjective going towards the south Adj. 1. commute. ``I saw all of these cars going in the other direction - bumper to bumper'' Mozilo said. ``I said, what is that? It sort of stuck with me. ... I said maybe there's an opportunity for us to do something.'' 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 and helping finance the land purchase. The building's 12.7-acre site was purchased from the city for nearly $1 million. Countrywide Home Loans 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. Employees in the Lancaster office will administer loans, including providing service by telephone for mortgage customers. CAPTION(S): photo Photo: A ceremony marks opening of a Countrywide Home Loans office. Jeff Goldwater/Staff Photographer |
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