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National City Mortgage reaches milestone

Pool & Spa News, June 6, 2003

Dayton, Ohio-based National City Mortgage Co., recently celebrated its 1-millionth mortgage serviced. Founded in 1955 and acquired by Cleveland-based National City Corp. (NYSE: NCC) in 1989, the organization has become a leading provider of mortgage services and now is the country's eighth-largest lender.

"Our commitment to our customers has been the force behind our rapid growth," said Leo E. Knight, chairman/CEO. "Since 1996, we have increased our servicing portfolio from $3.9 billion to more than $127 billion, and from servicing nearly 300,000 loans to more than 1 million today."

COPYRIGHT 2003 Hanley-Wood, Inc.
COPYRIGHT 2003 Gale Group
 

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