Waterfield Mortgage Announces Local Expansion and Additional Employment.Business Editors FORT WAYNE Fort Wayne, city (1990 pop. 173,072), seat of Allen co., NE Ind., where the St. Joseph and St. Marys rivers join to form the Maumee River; inc. 1840. It is the second largest city in the state, a major railroad and shipping point, a wholesale and distribution hub, , Ind.--(BUSINESS WIRE)--Jan. 17, 2002 Growth in Private Label Fulfillment Services Results in 200 New Jobs and New Building Waterfield Financial Corp., a division of Waterfield Mortgage Company, Inc., the largest privately-held mortgage company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , announced today the creation of approximately 200 new jobs and plans for more than 40,000 square feet of additional office space in Fort Wayne to support growth in its private label fulfillment services division. "Creating new jobs for our local workforce is a reflection of Waterfield's commitment to the Fort Wayne community," said Donald A. Sherman, chairman and chief executive officer of Waterfield Mortgage. "Waterfield has been a part of this community for more than 73 years and the people of Fort Wayne have been and remain an integral part of our success." Waterfield first provided private label mortgage fulfillment services on behalf of other lending firms in 1999 and has witnessed continual growth in this area. Digital-imaging automation has improved the efficiency of Waterfield's mortgage back-shop operations at least 20 percent. "We're not chasing paper around. We don't lose documents and it improves our time from application to closing," states Lynn Weaver, executive vice president of operations. "The word is getting out. Our customer service levels are extremely high." Due to the increase in demand for these services, Waterfield will begin filling positions in telesales, mortgage processing, closing, underwriting, clerical support, training, management and staff supervision in the first quarter of 2002. Additionally, the new office facility will be constructed on a 5.3-acre parcel that will add to the Waterfield headquarters in the Midwestern Office Park. The park is located at the intersection of Jefferson Boulevard and Engle Road. Fort Wayne-based Steininger Development is overseeing the construction of the new facility, expected to be operational in July 2002. "This project is great news for the community," said Allen County Allen County is the name of several counties in the United States:
The city of Fort Wayne has offered an infrastructure grant to assist with necessary communications work to link the new building with the rest of the Waterfield facilities. "Once again, the city of Fort Wayne and Allen County have teamed up to help a local employer reinvest in our community," Fort Wayne Mayor Graham Richard Graham Richard, is an American politician and the 34th and current mayor of Fort Wayne, Indiana, serving since 2000. His current term is set to expire on January 1, 2008. Early Life and Education stated. "The city is happy to provide CEDIT CEDIT Character Editor incentive money to install fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power . This is another part of our broadband initiative and will help enhance Waterfield's communication capabilities." JobWorks and the Indiana Department of Workforce Development (DWD DWD Department of Workforce Development DWD Deutscher Wetterdienst (German weather forecasting service) DWD Driving While Distracted DWD Drinking Water Directive DWD Darkwing Duck (cartoon) ) will help provide employee recruitment and training. "Our employees exemplify the high standards our clients and partners expect from Waterfield," said Becky Teagarden, senior vice president of Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. for Waterfield. "Our continued growth and success is a direct result of the quality of people that make up this company. It is due to their work and commitment that we are able to open the doors to hundreds more in the Fort Wayne community with these same values and goals." The Fort Wayne-Allen County Economic Development Alliance coordinated the public participation in this effort. Formed through the cooperative efforts of the City of Fort Wayne, Allen County and the Greater Fort Wayne Chamber of Commerce, the Alliance is charged with the creation and retention of quality jobs for local residents. About Waterfield Group Founded in 1928, Waterfield Mortgage Company, Inc. is the holding company of the Waterfield Group. The Fort Wayne, Ind.-based Waterfield Group includes Waterfield Financial Corp., Union Federal Bank of Indianapolis, and Waterfield Insurance Agency. Waterfield Financial Corp is a mortgage loan origination company with retail operations throughout the United States. Waterfield also provides wholesale originations nationwide. The combined mortgage operations of the Waterfield Group companies are believed to represent the largest privately held mortgage business in the country. In addition, Indianapolis-based Union Federal Bank is the state's largest full-service federal savings bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks . Waterfield Insurance Agency is a full-service insurance agency, which markets life insurance, annuities, property and casualty insurance. Waterfield also owns subsidiaries that provide reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and securities brokerage services and products. The company has more than 30 offices and 225 loan officers located throughout Arizona, California, Colorado, Indiana, Maine, Maryland, Michigan, Nevada, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Ohio, Oregon, Pennsylvania, Texas and Virginia. For more information please contact Lynn Weaver at (219) 434-8434 or visit the Web site at www.waterfield.com. |
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