Category: Real Estate Company

Nationwide Title Clearing, Inc. the Ultimate Document Provider

Nationwide Title Clearing, Inc. is a national wholesale document provider that is a leading force in the industry. They were established in 1991 as a small local title company and are today one of the largest in the industry. The are located in Palm Harbor, Florida and employ over 600 employees in three states.

 

Eight out of the of the top retail mortgage and title companies who are involved with property closings rely solely on Nationwide for their documentation needs, and rightly so. The mortgage industry is highly competitive, and the two most important factors are the speed of the delivery of the documents, such as lien releases and title verification are important. Also, the accuracy of these documents is extremely vital because the wrong documents can shut down a closing session on a piece of property.

 

Nationwide has a .78% rejection rate and a 99.89% rate of compliance. This means that the accuracy and the speed of delivery are nearly 100% on both counts, which leads the industry.

 

Much of the credit goes to the employees and the training that they receive. New employees have an intensive three-week training period where they cover every detail of what they will be doing when they are on the job. Then when they are in their first few months of working, they are monitored very closely until they master the tasks at hand.

 

Employees also have over 150 training and educational modules that are available to them. Employees can take advantage of these extra learning courses to advance withing the company. Time is set aside for anyone who wishes to participate. At any given time approximately 50% to 70% of the workforce is found to be involved in these extra pursuits.

 

Nationwide enjoys and enthusiastic workforce, and it is a company that people enjoy working for. This is brought out in the Top 100 workplace to work recognition, which Nationwide has been a part of for the past five out of six years, as noted by the Tampa Bay Times.

 

As John Hillman, the company CEO puts it, compliance is something that companies in our industry talk about a lot, but some don’t live it. To have high marks in the compliance area, you have to train for it and then publically monitor it so that it becomes a part of the corporate culture. Then and only then, will it finally become a fact of life.

 

Town Residential Opens New Office in the Meatpacking District

Town Residential is one of the leading real estate companies in the United States. The company is based in New York City. This year, the residential brokerage firm announced that it had signed a fifteen-year deal to lease an office at the meat packing district in Manhattan. Reports from the company say that with the new office location, the brokerage will have the capacity to cover the markets in Tribeca and Hudson Yards.
The real estate brokerage firm is one of the fastest growing companies in the region, and the new office is one of the most recent expansions. The company is expected to use the new space to run all its operations efficiently.

Town Residential decided to lease the new office for several reasons. First of all, the room will be used by brokers in the region to meet and make new deals with clients. More people are now interested in making investments in the real estate industry, and this office will help the dreams of many consumers to come true. The office is an innovative deal from the company because the brokers will have an opportunity to conduct their activities in a perfect outdoor space. The brokers will also connect well with the customers because the environment is personalized to suit all the client need.
The new office is spacious, and it is designed using the latest technology. This aspect will make the brokerage company facilities more appealing to consumers and at the same time stand out from the rest of its competitors as the desirable brokerages firm.

Apart from expanding its offices and presence in the meatpacking district, Town Residential has announced that it will be partnering with a boutique brokerage company in the region, known as Thomas and Ingram. The boutique firm is expected to move into the same district soon. Town and Ingram specialize in sales, and its services will offer Town Residential with the complimentary solutions they need to work alongside.

Moving to the meatpacking district office will be a great investment decision for Town Residential. The area is currently considered to be among the fastest growing neighborhoods in the country. The real estate brokerage firm will expand its services and business in the region and at the end of the day, Town will increase its sales and profits. In the recent past, a significant number of individuals have expressed their desire to rent out and purchase new properties in the area, and this means that Town Residential will have many opportunities to grow its business.

Town Residential has been operating for a few years, but it has been very successful in the market. The company has employed a reliable team of experts who are experienced in their jobs, and this is the main reasons it has expanded to different parts in just a short duration of time.

New Brunswick Devco Chimes in to Help Middlesex County Improvement Authority

According to a report published by the Press of Atlantic City on the 29th of February 2016, the Middlesex County Improvement Authority once again has failed to pay the Casino Reinvestment Development Authority the money it owed them that spans to over five (5) years in arrears. According to the Casino Development Authority, the Middlesex County Improvement Authority owes them a total of $1 million in principal cash and $20 million in acquired loans. Apart from this, it’s estimated that the Improvement Authority has racked a total of $7 million in cash arrears with the money spreading evenly in a span of five years.

Chris Paladino heads both these organizations, and he was the main driving force behind the $20 million loan acquired by the Middlesex County Authority cooperation. The $20 million loan the company applied for and failed to pay was mandated for the construction of The Heldrich Hotel, as well as a conference center located in New Brunswick.

Though the loan was acquired in the year 2005, and the construction completed in 2007, the hotel on its own has failed miserably to attract clients, a fact that has been seen as the main reason behind its predicaments. According to Christopher Paladino, the state of the hotel is so dire to the extent that they had to pump in a total of $776,000 to support the purchase of mattresses and carpets as well as the overall maintenance of the hotel.

According to the state Senate President Stephen Sweeney, the poor management and the eventual failure to pay up the loan has been attributed to trusting private entities with massive amounts of money.

Though senior bondholders have been paid up to $30 million with interests of about 5%, the same can’t be said about the subordinate shareholders, who haven’t received anything yet from the company.

Development Cooperation, Devco is non-governmental company that specializes in real estate and property development in different parts in the USA. The Company also specializes in funding projects to a wider group of real estate owners who need an extra boost in constructing and maintaining estates.