- Payoff Retrieval and Verification
Chase growth,
not payoffs.
Stop chasing payoff statements and start automating the entire lender payoff process. Closinglock retrieves payoff statements, verifies them, protects verified payoffs with up to $5 million in insurance, and is building the industry's first end-to-end workflow for secure and error-free lender payoffs.
How It Works
Save up to 75 minutes per transaction.
- Order payoff statements in seconds.
- We request and retrieve the payoff for you; no calls, emails or portals to slow you down.
- Payoffs are verified automatically.
- Send funds with confidence with up to $5M in insurance per verified payoff.
Coming soon
Building the future of lender payoffs to protect every dollar in real estate.
For decades, title companies have relied on phone calls, emails, fax machines, lender portals, and manual data entry to obtain payoff statements and send mortgage payoffs. It’s death by a thousand cuts. Every handoff introduces delays, duplicate work, and opportunities for fraud. Closinglock is replacing that fragmented process with one connected workflow.
Instead of managing seller outreach, data capture, payoff requests, verifications, manual entry across systems, and various hand-offs for review and approval, title teams can now control every step of the lender payoff process through Closinglock.
Available today:
- Payoff request automation
- Payoff retrieval
- Payoff verification
- TPS Integrations
- Up to $5M in wire fraud insurance on verified payoffs
Coming Soon:
- Seller info & authorization task kicks off payoff retrieval for you
- Lender payoff data pre-populated into your bank, including per diem calculation - no re-keying
- Built-in review and approval workflow with all documentation
- Insured wire execution via Closinglock
- End-to-end tracking and audit trail
