Nexstar Adding 2nd Ops Center

Nexstar Financial Corp., Creve Coeur, Mo., has announced the leasing of an 80,000-square-foot building in St. Charles, Mo., that it plans to establish as its second national operations center.The new center will house network technology operations and national loan operations, as well as certain customer care groups. Nexstar said it will maintain its corporate headquarters and existing national operations center in Creve Coeur, a suburb of St. Louis. The company has approximately 400 employees nationwide, over 300 of them in the St. Louis area. "Over the past two years, our business has experienced significant growth," said Rick Thornberry, president and chief executive officer of Nexstar. "We have signed several outsourcing clients this year, and our 2003 loan volume is projected to increase by more than 200% over 2002." Nexstar provides outsourced mortgage services to financial services companies through its Powered by Nexstar program. It can be found online at http://www2.nexstar.com.