- Disburse to Any Payee
One place to manage every outbound payment.
Disbursing closing funds is one of the most time-consuming and risk-prone parts of the process.
Closinglock gives your team one secure place to set up and disburse funds to every payee on a file—without changing banks, sacrificing control, or adding friction.
0 LOSSES
VERIFIED TRANSFER
How It Works
One secure workflow for every outbound payment.
- Add any payee to a file, including sellers, lenders, brokers, HOAs, insurers, tax authorities, vendors, and buyer refunds.
- Enter payee details just once.
- Use your existing escrow accounts and preferred payment rails—no bank change required.
- Queue, review, and approve multiple disbursements together with built-in controls.
- Track status and confirmations in one place with a clear audit trail.
Disburse to any payee
Replace scattered bank portals, spreadsheets, and checklists with a single, auditable disbursement workflow.
- Centralized disbursement table by file.
- Clear status tracking for creators, approvers, and viewers.
- Line-item detail designed to support reconciliation and audits.
Submit the form below to schedule a time to meet with our team.
CUSTOMER SPOTLIGHT
"All of the tools have helped us create a better workflow. To have a business process that works digitally is a great comfort for us."
Rick Garnaat II
Chief Information Officer, Transnation Title Agency
Frequently Asked Questions
What does “disburse to any payee” mean?
Disbursing to any payee means using Closinglock to send outbound real estate payments to any party on a transaction from one secure workflow. These payments can include seller proceeds, lender payoffs, real estate commissions, HOA dues, taxes, vendor payments, and buyer refunds.
How does Closinglock support disbursing to any payee?
Closinglock supports disbursing to any payee by centralizing outbound payments in a single, file-based workflow. This approach reduces duplicate data entry, improves visibility into payment status, and creates a clear audit trail for every disbursement.
Do title teams need to change banks or escrow accounts?
No. Closinglock supports disbursing to any payee using existing escrow accounts and current banking relationships. Title teams can maintain current trust account structures without switching banks.
Is it secure to disburse funds to any payee through Closinglock?
Yes. Closinglock secures outbound disbursements with role-based permissions, approval controls, and auditable payment records. These controls help reduce fraud risk and support compliance with escrow and audit requirements.
What types of outbound payments can be disbursed through Closinglock?
Closinglock allows title teams to disburse outbound payments for seller proceeds, lender and lien payoffs, real estate commissions, HOA dues, taxes, insurance premiums, vendor invoices, and buyer refunds.
Does disbursing to any payee help with reconciliation and audits?
Yes. Disbursing to any payee through Closinglock ties each outbound payment directly to the file with clear status tracking and confirmation details. This creates a single source of truth that supports reconciliation, underwriter reviews, and regulatory audits.
How does disbursing to any payee work with secure inbound payments?
Disbursing to any payee works alongside secure inbound digital payments by managing funds moving out of escrow after closing. Together, inbound payments and outbound disbursements provide more secure and visible money movement throughout the real estate transaction.
Learn more about inbound digital payments here.
Is the ability to disburse to any payee included with Closinglock?
The ability to disburse to any payee is part of Closinglock’s digital payments roadmap and will be released in phases. Capabilities will expand over time as additional verification and automation features become available.
Will outbound disbursements be verified and insured?
Yes. Closinglock will be building both verification and insurance into our disbursements solution.
What types of verified and insured disbursements are coming?
Closinglock plans to introduce verified and insured disbursements for common outbound payment scenarios. These include buyer earnest money returns, seller proceeds, and lender payoffs as verification and approval workflows are introduced.
Are verified and insured disbursements available today?
No. Verified and insured disbursements are not available today and will be released in future phases. Current functionality focuses on giving title teams a secure, centralized way to manage outbound payments using existing escrow accounts.
Why is Closinglock adding verification and insurance to disbursements?
Closinglock is adding verification and insurance to help title teams further reduce wire fraud risk and strengthen audit and compliance controls. These capabilities build on Closinglock’s experience securing inbound digital payments and extend the same protection to outbound funds.
