Bridgspan is hiring while other dot-coms are firing.

Maybe that's because it isn't a pure dot-com play. In a major milestone that underscores the strength and success of its unique business model, BridgeSpan Inc., the nation's first and only complete online title and closing solution for the real estate and mortgage industries, announced today it has surpassed $2 billion in transactional volume, and in only one year.

"Achieving $2 billion in transactional volume is powerful affirmation that our business model and focus on delivering dramatically improved customer service, is making an impact with our lender and real estate clients," said BridgeSpan CEO Mark Evans. "We work daily with leading lenders who are not only comfortable with using the Internet and the BridgeSpan platform to close loans, but who actually prefer doing business electronically," Evans added, alluding to the fact that his company's lender business has surged as a result of the refinancing boom.

BridgeSpan continues to set itself apart from the competition, Evans explained, through its unique business model that doesn't charge lenders, real estate professionals or other service providers a fee for using its closing services. BridgeSpan controls all aspects of the closing process by delivering high-quality title and closing services using its Web-based technology, central processing, and its own team of closing specialists.

Consumers, meanwhile, pay only customary closing costs while benefiting from being able to view documents anytime and from anywhere, and working with their lender or real estate professional online or off, to better manage the transaction.

BridgeSpan's accomplishments to date have been propelled by its business relationships with leading lenders across the United States, combined with an ever-growing number of real estate professionals who are using the company's services to close thousands of real estate transactions. The company is licensed to provide title and closing services in 33 states.

And BridgeSpan's impressive growth shows no signs of slowing: the company recently opened two new offices in the San Francisco Bay Area -- one in San Mateo and the other in Saratoga -- to complement its existing offices in Menlo Park/Woodside, Sacramento, San Jose, Orange County, Calif. and Mountain View, Calif.

BridgeSpan recently announced its plans to hire 72 additional full-time employees, including engineers, product marketing professionals and closing specialists. For additional information on careers at BridgeSpan, go to http://www.bridgespan.com/about/jobs.html

Published: March 14, 2001

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