Nationwide Title Clearing, Inc. experiences unprecedented three-year growth despite one of the worst U.S. economic periods in nearly a century, and earns number 2730 on Inc.500|5000 list of fastest growing companies.
(Palm Harbor, FL) – Nationwide Title Clearing, Inc (NTC), one of the country’s leading service providers to the mortgage and financial services industry, made the Inc. 500|5000 list at number 2730, despite the fact that the U.S. has experienced its roughest economy since the Great Depression of 1929. Inc. magazine, one of the few major business magazines focused solely for CEOs of fast-growing, private companies, unveiled its annual list of the fastest growing companies in America on August 20, 2012.
A recent article from Forbes stated that over the 2007–2010 period, the U.S. economy experienced its most substantial downturn since the Great Depression. The real gross domestic product (GDP) fell nearly 5.1 percent between the third quarter of 2007 and the second quarter of 2009, the official period of recession as determined by the National Bureau of Economic Research.
In contrast, there are very specific criteria a company must meet in order to be even considered eligible for the Inc. 500 list during that same official period of recession. A company must have generated at least $100,000 in revenue in 2008 and at least $2 million in revenue in 2011. Other qualifications include being privately held, for profit, based in the U.S., and independent (not a subsidiary or division of another company).