Nationwide Advantage Mortgage Co., Columbus, Ohio, has announced a partnership with FedEx Employees Credit Association, Memphis, under which the latter will offer low-cost mortgages to its 66,000 members.The low-cost, low-rate mortgages will be offered through Nationwide Advantage's Expanse program, and the company will also provide the loan processing and closing functions as well as the servicing. The Web-based Expanse program was designed to simplify the application process and provide free loan approvals in as little as 10 minutes, the company said. Nationwide Advantage, the mortgage affiliate of Nationwide Mutual Insurance Co., can be found on the Web at http://www.nationwide.com.
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