By Andy White, Founder of Closinglock and Chief Strategy Officer of CertifID
Today, we announced that Closinglock has been acquired by CertifID.
For me, this announcement is about much more than an acquisition. It’s a moment to look back at what we’ve built over the past ten years, the people who made it possible, and the industry that gave us the opportunity to do it.
When my wife, Abby, and I started Closinglock, our goal was to help title companies prevent wire fraud caused by email spoofing. We started with one problem. Then we listened.
Our customers showed us where else they needed help. They trusted us to protect more of the transaction. Over time, Closinglock grew from a fraud prevention solution into a platform that helps title companies protect people and money, manage workflows, and communicate with clients. Most recently, we built the industry’s first good funds-compliant digital cash-to-close payment.
Every step of that evolution came from working alongside our customers, and I’m incredibly proud of what we’ve accomplished together.
Built alongside this industry
Closinglock has now protected more than $910 billion in home value across more than 2 million real estate transactions, and moved $6.7B through SecurePay. Those numbers reflect the work of our customers, partners, and employees over the past ten years.
They reflect title professionals using Closinglock to catch fraud, escrow teams finding more efficient ways to move money, and customers pushing us to solve problems differently. Closinglock wouldn’t be here without you.
Thank you.
Why CertifID
As Closinglock grew, so did the problems our industry needed to be solved. AI is making fraud more sophisticated while creating entirely new opportunities to automate and improve the transaction. Title professionals are managing more technology and complexity, often without more people or resources. And buyers and sellers increasingly expect the same digital, intuitive experiences they get everywhere else in their lives.
Along the way, you constantly have to ask yourself, “What is the best way to accomplish our mission/vision?”
CertifID and Closinglock have spent years building different strengths around a shared belief: the people and money involved in real estate transactions deserve better protection.
CertifID has built incredible expertise in identity verification, fraud prevention, insurance, and fraud recovery. Closinglock has become a leader in secure money movement and transaction protection.
Those capabilities belong together, and by bringing our teams, technology, intelligence, and resources together, we can invest more, move faster, and solve more of the problems our customers have been asking us to solve. That’s why I’m excited about this next chapter.
What doesn’t change
I also know an announcement like this creates questions for customers who have trusted Closinglock. The most important thing I can tell you is that we’re going to continue earning that trust.
Closinglock customers can continue using the products and integrations they rely on today. This integration is ours to manage, not yours, and any work that needs to happen to bring the products together will happen behind the scenes. We are committed to not disrupting your day-to-day.
The team you know and love is joining CertifID, so you’ll still see the same faces and have the same support that you are accustomed to.
We’ll continue supporting an open ecosystem that works with the title production systems, underwriters, and technology partners our customers choose.
The work of bringing these companies together belongs to us. The benefit should belong to you.
What’s next
After 10 years as CEO of Closinglock, my role is changing too. I’m joining CertifID as Chief Strategy Officer, where I’ll work alongside Tyler Adams and the broader leadership team on our long-term strategy and continued investment in this industry.
I couldn’t be more grateful for the opportunity.
To Abby, who started this with me: thank you for taking the leap.
To every Closinglock employee, past and present: thank you for putting so much of yourselves into building this company.
To our customers and partners: thank you for trusting us with some of the most important parts of your business.
And to the title industry: thank you for welcoming us, challenging us, and letting us build alongside you.
I’m incredibly proud of what Closinglock has become. But I’m even more excited about what everything we’ve built can now become. We’ve always built Closinglock alongside this industry. That won’t change. What changes is how much more we can do for it now.
– Andy White
