Nationwide Title Clearing, Inc. Reaches Millions

Nationwide Title Clearing, Inc. is one of the country’s leading wholesale documents processing company, serving retail lenders, mortgage companies, and similar organizations that deal in the mortgage markets. They have been in business since 1991 and are located in Palm Harbor, Florida near Tampa.

 

Eight out of ten of the top retail mortgage and lending companies have chosen Nationwide as their primary source for documents. The accuracy and timeliness of the delivery of documents are primary reasons why Nationwide stands out among the fierce competition in the industry.

 

Nationwide has a compliance rate of 99.89% and a rejection rate of only .78% which are statistics that are unheard of in the documents industry. These figures mean that Nationwide is spot on because they are delivering speedy and accurate documents nearly 100% of the time.

 

Nationwide has over 600 employees who are located in three different states. In Dallas, Texas there is a large Data Facility that serves as a backup just in case there is an emergency that would affect operations. This facility ensures that systems and delivery of documents will continue to clients no matter what happens in the way of a natural disaster or some other cataclysmic event.

 

A big factor in the success of Nationwide is the dedication and efforts of the employees. They are highly trained and effectively vetted from the very start, but it should be kept in mind that the mortgage business can be quite stressful, especially when standards at a company like Nationwide are very high. John Hillman, CEO of Nationwide continually gives high marks to the employees and how they always come through, even when the stress levels are high. Hillman goes on to say that the company plans for these stressful periods with planned backup personnel in the ready.

 

Danny Byrnes, Vice President of Sales at Nationwide points out another reason for the high performance at Nationwide. He states that the maintenance of a national abstractor network is a highly complex and demanding business, but if you have the right standards and the ability to audit your processes, it can be done. He goes on to say that if a system is totally transparent and you have processes in place to audit each and every step, it becomes a painless process, especially when it is digitally driven.

 

The investment commitment that Nationwide has made in the technological side of the business has been very big, but because of that step, the auditing and document transferring processes are the best in the world.

 

 

 

The Acquisition of Baho Foods by the OSI Group

The OSI group LLC, a manufacturer of deli meats and similar food products for the retail segments in shops, announced today that they have acquired Baho food. The amount of money that the transaction was done at was not disclosed.

The move, which has been described as the best strategy that the OSI Group could have made at this point, places OSI in more locations in Europe. David G. McDonald the CEO of the company stated that the products of the OSI group and those of the Baho group complemented each other well while at the same time; they were broadening the reach to the clientele categories that weren’t already on board.

The reason why Baho was chosen is because it has about five subsidiaries and processing plants in Germany and also the Netherlands. These five companies offer services to 18 countries in continental Europe. The people in charge of management at the Baho group stated that no main changes would be made to the leadership and that the leaders would stay on and figure out how they would incorporate the new company structure into their business plan.

Mr. Balvers, the Director at Baho group stated that he was excited about becoming part of the new company mainly because OSI has a great relationship with their suppliers and also their customers. He stated that with the boost they were getting from OSI, they will be better in serving their customers, especially because they will have a broader portfolio of products.

Besides entering the European market, this company has been operating in Asia for a while now. They have more than 50 companies in 17 countries and are applying new strategies that will help them have a broader reach, especially in China.

Connect with OSI Group on LinkedIn.

OSI Groups calls their marketing strategy the global outreach, but local solutions. This is what has helped them grow from a small outfit over the past three decades to a global force to reckon with in the business. The growth has not been without its set of challenges. They have had to employ strategies such as cleaning house in China in the past, but all in all, the strategies have been working when it comes to making better sales.

McDonald states that their strategy has always been engaging customers and discussing with them the issues they are having with the products in a bid to get lasting solutions. This is what has led to the exponential growth of their business.

Learn more about OSI Group on Wikipedia.