The hidden cost of manual wire verification

Chart of weekly time saved with Closinglock: 2 hours each on verifying wire instructions, client communication and tracking buyer funds; 3 hours each on identity verification, funding delays and payment coordination; 1 hour on fraud response; 16 hours total

  Every real estate closing depends on money moving to the right place, at the right time, without being intercepted along the way. Wire transfer verification helps confirm that payment instructions and account information are accurate and legitimate before funds are sent. Historically, that process has often relied on phone calls, emails, and manual checks. […]

What is wire fraud prevention actually worth in real estate closings?

What is wire fraud prevention actually worth in real estate closings? Closinglock report on the value of preventing wire fraud

Wire fraud in real estate rarely feels urgent until it happens. Most closing teams have heard the warnings, sent the disclosures, and had the conversation about protecting wire instructions. But the risk can still feel abstract—a rare, worst-case scenario rather than something built into the everyday closing process. Closinglock’s new ROI research makes the financial […]

Does stronger security slow down the real estate closing process?

Does stronger security slow down the real estate closing process? Chart from Closinglock's report showing 82% of respondents used phone call verification for wire instructions before Closinglock

More verification steps. More identity checks. Another layer of protection to click through before money moves. For many title teams, stronger security sounds like it should come with a trade-off: a slower, more cumbersome real estate closing process. That assumption makes sense on the surface. Security has traditionally meant more friction, more phone calls to […]

How Truly Title brought its closing workflow into one platform

Graham Hanks, President of Truly Title, Inc., on using Closinglock closing software

Why did Truly Title want a more connected closing workflow? Truly Title wanted to consolidate key closing workflows that had been split across separate tools, including identity verification, wire instructions, and document sharing. Managing these processes separately meant the team had to piece together parts of the same transaction across multiple systems. “Our old solution […]

How Battlefield Title caught a $60,000 wire fraud attempt

Person using a laptop, illustrating payoff wire fraud prevention and secure payoff verification for title companies

Battlefield Title stopped a $60,000 payoff wire fraud attempt after Closinglock’s verification process flagged fraudulent wiring instructions. The instructions came from an email address just one letter different from a trusted credit union contact. Battlefield Title independently confirmed the fraud before any funds moved. How did the $60,000 payoff wire fraud attempt happen? Battlefield Title […]