Fueled by Record Growth, BridgeSpan Announces Expansions to Staff, National Service Centers.Business Editors & Real Estate Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Sept. 19, 2002 Company is Scouting scouting: see Boy Scouts; Girl Scouts. scouting Activities of various national and worldwide organizations for youth aimed at developing character, citizenship, and individual skills. Scouting began when Robert S. the East Coast for Yet Another Center as Growth at Texas and California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Facilities Continues BridgeSpan Inc., the leading provider of real estate settlement and mortgage loan closing solutions, today announced expansions at its two national service centers -- to both facilities and staff -- and said it plans to open a third center. Fueled by record demand for its real estate settlement and mortgage loan closing services, and its growing lender customer base over the past 12 months, BridgeSpan's national service centers will increase by an estimated 35 new employees, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mark Walker, national closing manager. The Dallas service center has experienced an increase in volume by 205 percent in the past 12 months alone, creating the need to significantly increase its staff. Meanwhile, BridgeSpan's other national service center, located in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. area, likewise is experiencing major increases in volume -- and with an anticipated doubling of its staff, recently took the unusual step of asking its contractor to accelerate a planned expansion to accommodate the rapid growth. Even as those two centers undergo expansion, BridgeSpan officials are scouting the East Coast for a location for its third service center. Though still in the planning phase In amphibious operations, the phase normally denoted by the period extending from the issuance of the order initiating the amphibious operation up to the embarkation phase. The planning phase may occur during movement or at any other time upon receipt of a new mission or change in the , company officials said they hope to have a third service center up and running during the first quarter of next year. "Our continued growth makes it very clear that lenders and their customers are benefiting from the combination of BridgeSpan's new technology platform and the outstanding customer service they receive from our skilled professional closing staff," said Walker. BridgeSpan introduced its proprietary closing technology platform earlier this year to the mortgage industry. A Web-based platform for closing both paper and electronic mortgages, BridgeSpan's technology is the first to be fully compliant with Fannie Mae's recently released requirements for the creation, sale and delivery of electronic mortgages. Lenders are already closing electronic mortgages using BridgeSpan's technology, and many have been delivered as e-mortgages to Fannie Mae Fannie Mae: see Federal National Mortgage Association. . BridgeSpan's technology automates the loan-closing process by allowing the lender to directly collaborate and share critical data and documents with borrowers, brokers, investors, real estate agents and other parties to the transaction. Through direct integration with existing lender systems -- such as their loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. software -- BridgeSpan provides an efficient mortgage closing process. As a result, lenders save hundreds of dollars per loan and shorten (audio, compression) Shorten - A form of lossless audio compression. loan cycle times -- reducing borrower fallout Borrower fallout In the mortgage pipeline, the risk that prospective borrowers of loans committed to be closed will elect to withdraw from the contract. in the process -- while delivering a better closing experience for their customers. BridgeSpan recently became licensed to provide title and closing services in Colorado and Nevada, bringing to 39 the number of states in which it is licensed to provide its services. About BridgeSpan BridgeSpan is a leading provider of real estate settlement and mortgage loan closing solutions for lenders. These solutions improve the mortgage closing process, reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). and improve consumer's closing experience. BridgeSpan's services, supported by technology, benefit lenders with more control of the closing process, increased quality control, reduced risk and improved customer service. For more information, visit www.bridgespan.com. |
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