Title companies play a critical role in real estate transactions, acting as the trusted neutral party to handle funds, verify ownership, and ensure everything is in place for a smooth closing. But with fraud on the rise—wire fraud, seller impersonation, and phishing scams—title companies are under more pressure than ever to keep clients safe while still delivering a fast, modern experience.
That’s where Closinglock comes in.
A Secure, Modern Closing Platform
Closinglock replaces outdated, risky methods like email and fax with a secure portal designed specifically for real estate transactions. Title companies use our platform to streamline communication, protect funds, and build trust with their clients.
Here’s how it works:
1. Secure Wire Transfers
Instead of emailing wire instructions (the number-one way fraudsters trick buyers), Closinglock delivers them through a protected portal. Clients log in securely, view their verified instructions, and send funds with confidence. This eliminates the risk of wire fraud and saves title companies from liability concerns.
2. Seller Identity Verification
Seller impersonation is one of the fastest-growing fraud schemes in real estate. Closinglock prevents it by verifying the identity of sellers before disbursements are made. This protects the title company and their clients from sending money to criminals posing as property owners.
3. Document Delivery and E-Signature
From closing disclosures to payoff statements, title companies can securely send and collect documents directly in Closinglock. Built-in e-signature tools make it easy for clients to review and sign paperwork without ever leaving the platform, creating a faster and more convenient closing experience.
4. Communication Hub
Closinglock becomes the central hub for all sensitive communication during the transaction. No more juggling emails, texts, and faxes—everything is managed in one secure place, reducing confusion and keeping an auditable record for compliance.
Benefits for Title Companies
- Fraud Prevention: Reduce risk of wire fraud, seller impersonation, and data breaches.
- Operational Efficiency: Save time by managing wires, documents, and signatures in one streamlined system.
- Client Confidence: Provide buyers, sellers, lenders, and agents with peace of mind.
- Competitive Advantage: Differentiate your company as a trusted, modern partner.
The Bottom Line
With Closinglock, title companies can confidently tell their clients: “Your funds and information are safe with us.” By combining fraud prevention, document management, and e-signatures in one secure platform, Closinglock makes it simple for title companies to deliver a modern, secure, and seamless closing experience.