American Land Title Association
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Industry News

BridgeSpan assets for sale

February 12, 2004

Mortgage technology, title insurance license on the block

Inman News

Frisco, Texas-based BridgeSpan and its California-based title company are for sale.

The two companies are "soliciting proposals for the purchase of their respective assets and operations either, in whole, or in part," according to a company statement.

Both corporations filed Chapter 11 bankruptcy late last month the U.S. Bankruptcy Court, Northern District of California in San Jose.

The title company assets are for sale, but the title company itself is an asset of the parent company's bankruptcy, the corporate stated.

The companies intend to review written offers received by Feb. 20, 2004, then select the best offer or offers and seek court approval for the sale of assets. Offers may be tendered to CFO Lynelle Dahn. All the assets of the two companies will be sold to the highest bidders upon court approval. The sale of the California title insurance license will require approval of the California Department of Insurance.

BridgeSpan CEO Larry Walker resigned from the company Feb. 5, although the effective date of the resignation was not announced.

Copyright: Inman News Features

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment