Industry News

BridgeSpan shutters title operations

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Frisco, Texas-based BridgeSpan Inc. is winding down the operations of its BridgeSpan title companies in Texas and Southern California,Inman News has learned. "BridgeSpan Title Co. ceased all operations as of Jan. 9, 2004. All escrow orders are now in the possession of the appropriate underwriters. Borrowers should contact lenders directly for assistance...," a message on the company's telephone answering system stated. BridgeSpan, which also provides mortgage processing technology, introduced its online title and closing operations in 2001, two years after the company was founded. The eMortgage Axis loan automation system was launched the following year. A login for that product has taken over the BridgeSpan Web site, another indication that the title company has been shuttered. The mortgage technology operations are still very much open for business, according to CEO Larry Walker. BridgeSpan was founded in 1999 as, an online title and closing service for residential r...