How FinCEN’s new requirements will impact title companies and help with wire fraud prevention
The Financial Crimes Enforcement Network (FinCEN) is a government agency within the United States Department of the Treasury dedicated to preventing and investigating financial crimes. The agency combats money laundering and terrorist financing. Today, it uses its substantial resources to analyze national financial transaction data and provide intelligence to law enforcement, counter-terrorism agencies, and financial […]
Behind every home sale: Why title is vital
The settlement industry plays a critical role in the real estate closing process. Virtually every real estate transaction includes a title search, regardless of whether a mortgage lender is involved, because it’s crucial to confirm a property is eligible for sale. Title companies are essential to real estate, though many buyers and sellers are unfamiliar […]
The biggest challenges facing title companies in 2025
What are the biggest challenges for the title industry this year? According to a survey of title professionals across the United States, key issues include the need for a solid growth strategy, wire fraud prevention, and staying ahead in a rapidly evolving economic landscape. Looking ahead to 2025 and beyond, these evolving trends open up a wealth […]
How Flying S Title stopped multiple fraud attempts with vigilance and Closinglock
In a small town in Montana, Flying S Title & Escrow of Montana recently faced a wave of fraud attempts targeting vacant land properties. Over the course of just one month, the company successfully identified and stopped three fraudulent transactions. The team’s vigilance and strict protocol using Closinglock were crucial in preventing these scams, protecting both the sellers […]
Announcing Series B and beyond
Andy White, Founder and CEO of Closinglock, shares what it means to hit the latest milestone in the company’s mission to power and protect real estate transactions in the U.S. Today, we announced a $34 million Series B funding round. That’s huge—not just in number, although, of course, it is huge, but also in what this […]
The dark side of artificial intelligence: AI fraud in real estate
While artificial intelligence (AI) can boost productivity and innovation and decrease errors and inefficiencies, it also comes with a darker side. Cybercriminals have used AI to perpetrate fraud in the financial services industry, eCommerce, insurance, and, more than ever, real estate. It is impacting industries and individuals alike. Experts predict that overall AI-related fraud losses could approach […]
One million reasons to be thankful
Andy White, Founder and CEO of Closinglock, reflects on an incredible year, securing one million home sales through the platform and key takeaways for the industry. On October 16, 2024, Veterans Title in Florida closed on our one-millionth real estate transaction through our platform. As we prepare to celebrate Thanksgiving and 2024 comes to a close, I […]
High stakes-low liability: Understanding insurance in the title industry
A guide to insurance coverage for real estate transactions, including Closinglock’s newly enhanced insurance policy, the industry’s highest, most comprehensive, direct insurance coverage for up to $2.5 million. The stakes in real estate have never been higher, adding additional pressure to settlement companies as they navigate the evolving threat of fraud, protecting their bottom line, […]
Closinglock and Premier One partner to offer software and hardware protection to combat real estate fraud
Real estate fraud costs businesses and consumers billions of dollars annually, so the need for fortified protection has never been greater. That’s why we’ve partnered with Premier One, a national IT consulting, cybersecurity, and cloud services provider, to offer a comprehensive solution ensuring real estate transactions’ safety and integrity for industry professionals and their clients. The […]
How to stay ahead in a changing consumer marketplace
The real estate market is evolving rapidly, meaning title operations leaders constantly have to adapt to stay ahead of the competition and client expectations. When the stakes are this high, committing to change, improving efficiencies, maintaining security, and delivering positive client experiences, present the biggest challenges—but also the greatest opportunities. By understanding the key trends […]