Litton Loan Servicing L.P., a mortgage servicing company, is investing $14 million to build a new facility in Henry County, Ga., where the company will move 170 of its current employees from an Atlanta location. The company will hire an additional 100 employees when the building opens in the fall of 2007.

Litton is building an 80,000 square foot building in McDonough, Ga., that will accommodate a large customer service call center. The building will also serve as a disaster recovery center for the Houston-based company.

“Our presence in Georgia over the past two years has afforded us great opportunity to expand our employee base, and we are looking forward to the opportunities our new facility will bring us,” said Larry B. Litton, Jr., Litton’s president and CEO. “Henry County is a vibrant area for business and we are committed to bringing jobs to this community.”

The company’s location resulted from a partnership between the Georgia Department of Economic Development and the Henry County Economic Development Authority. Kevin Phillips was the project manager for GDEcD.

Houston-based Litton Loan Servicing is a mortgage servicing company specializing in loss mitigation and default management for residential loans. Since its inception in 1988, Litton has grown from a handful of employees servicing customers exclusively in Texas to more than 1,200 employees servicing more than 400,000 customers nationwide.

Litton is a wholly-owned subsidiary of Credit-Based Asset Servicing and Securitization LLC (C-BASS). C-BASS is a New York-based company specializing in the acquisition, servicing, and securitization of credit-sensitive residential mortgages. The union of C-BASS and Litton in 1996 produced a merger of advanced credit analytics expertise with default management experience and state-of-the-art technology.

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