Verify payoff accounts in real time

On the hunt for big paydays, cyber criminals are targeting loan payoffs due to their high value and time until detection. But with Closinglock’s payoff verification technology, you can instantly find out if a payoff account is legitimate, or fraudulent.

Payoff verification has never been simpler

Closinglock’s intuitive, easy-to-use interface takes the headache out of payoff verification. Simply access the tool from the home screen, enter a few inputs and you’re done. It’s as easy as that!

Once logged into the Company Portal, select Payoff Verifications in the main menu

Enter in the routing, account and loan number to initiate the payoff verification

Once submitted, you’ll immediately receive detailed verification results

On-demand webinar: Payoff Fraud Revealed

In this webinar, we were joined by Lea Johnson, Director of Accounting at Proper Title, to unpack the ins and outs of mortgage payoff fraud.

We discussed the tactics used to commit payoff fraud, what to look out for and the steps you can take to better protect your transactions.

"Closinglock offers us the assurance that our payoff wires are verified and accurate every time we’re clicking that send button. We just type in the account information, the loan number, and it generates a validation in seconds.”

Frequently Asked Questions

Can Closinglock verify accounts from Mr. Cooper? Credit Unions?

Yes! Our payoff verifications tool can verify payoff accounts from Credit Unions and Mr. Cooper, as well as accounts from hundreds of additional financial institutions across the country.

Which database does Closinglock use for payoff verifications?

At Closinglock, all payoff verifications are verified using our proprietary internal database. Over the years, we’ve curated our database with credible data from the market, ensuring our customers can rely on it to instantly verify payoff accounts.

Is there a limit to how many payoff verifications I can run?

The use of Closinglock’s payoff verification tool is unlimited and available to all users on the account.

Closinglock has protected over $500B for clients in all 50 states.

Join the thousands of title agents and attorneys who use Closinglock to eliminate fraud and streamline operations.

Verify payoff accounts in real time

Immediate

Reliable

Efficient