Spruce Year in Review 2019

It’s been another busy and exciting year here at Spruce! As 2019 comes to a close, please join us in reflecting back on the past year and celebrating the wins we’ve had as an organization.  

Our Company

We’ve been fortunate to grow even more this year in tandem with our incredible clients. By building deeper integrations with partners, engineering better product improvements, and prioritizing a customer-first approach, we’ve increased our transaction volume by 8X in 2019.

We’ve also been able to expand our geographic reach, and have added a fourth Spruce hub in Sacramento in addition to New York, Dallas, and Las Vegas.  

Our Team

On the heels of these new transactions, we knew that we needed to add more title & closing experts to the Spruce team. We are excited to have more than doubled our headcount this year, allowing us to ensure the best service and expertise is available for all of our customers as we continue to grow.

Our Clients

Cost Savings

By expanding our license footprint, utilizing available discounts, and building technology that makes our closing process more efficient, we’ve been able to save homeowners up to 25% on closing costs this year. We’re proud to provide good, affordable options for homeowners nationwide, which in turn makes our clients more competitive. See how “Northpointe Bank Gains Competitive Advantage with Spruce” here

Increased Efficiency 

With features such as instant fee disclosures, a dashboard to manage transactions, and the industry’s first end-to-end title & closing API solution, our clients lowered their time to close by an average of 25%. By partnering with Spruce, they are free to pursue more high-touch items like closing more loans and/or scaling into new markets confidently. 

Our Initiatives

This year also saw the creation of the Spruce charity committee, which helps to plan and coordinate charity events and charity drives once per quarter for our Dallas and New York offices. 

This holiday season, our New York team is participating in the New York Cares coat drive, and is collecting winter coats and donations to help those in need. Our Dallas office is helping spread holiday cheer by “adopting” a child. A list of needed items was procured and placed on the office giving Tree. Each team member has had the opportunity to choose a gift from the tree, which will be delivered to a little girl just in time for Christmas. We are grateful for the opportunity to come together as an organization and give back to our communities. 

Our Mentions

In 2019, Spruce was featured on a number of lists we're proud to be included on, recognized by both traditional real estate and tech-focused publications.

Spruce Named to HousingWire Tech100 2019
Spruce EVP of Real Estate Operations Named HousingWire Woman of Influence 2019

Spruce CEO & Co-Founder Named 2019 HousingWire Rising Star

Spruce Named in Built in NYC's 50 Startups to Watch in 2019

How Diversity Drives Better Products at Spruce

Proptech has arrived: 6 NYC companies shaking up real estate

Spruce Featured in "NYC Real Estate Startups Worth Knowing"

For more title industry insights, continue exploring the Spruce Blog.

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