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Hanover Expands Outsource Operations Center in Edison

Hanover Capital Partners, an operations outsourcing firm and a wholly owned subsidiary of Hanover Capital Mortgage Holdings Inc., has expanded its operations center here for the second time in the last 12 months.

"All of our products and services, including due diligence, quality control and post-closing document services, have seen substantially increased volumes, with revenue for the nine months ending Sept. 30, 2005 up 48.7% from the same period in 2004. More of our clients are electing to have documents sent to our center for outsourcing. Our due diligence fulfillment center approach allows clients to benefit from both more consistent staffing and a significant reduction in expenses as no travel costs are incurred," said Joyce Mizerak, president of Hanover Capital Partners, in a news release.

Besides almost doubling its space, the expanded data center can accommodate the automated delivery of Hanover Capital Partners' products through its proprietary software, Asset OnSite. Clients receive due diligence and other product deliveries using 128-bit data encrypted Internet transmissions. Searchable databases and ad-hoc reporting tools are available as well.

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