Closinglock is modernizing the real estate world’s way of transferring information to eliminate wire fraud and protects buyers, lenders, agents and closing companies from loss. Closinglock’s core feature is a secure portal for title clients to effortlessly retrieve wire transfer instructions. The portal is accessible from all platforms and on all operating systems – title clients can easily download wire instructions anytime, anywhere.
Through Closinglock, title companies can also send and receive documents with title clients (buyers/sellers/lenders/agents), and receive signatures via Closinglock’s eSigning integration. Closinglock sends automated text/call notifications, alerting title clients of available wire instructions, documents to sign, etc. All wire instructions and documents in Closinglock’s portal are encrypted using the latest AES encryption (approved by the NSA). Closinglock also offers optional two-factor authentication for clients logging in, which prevents unauthorized access.
By using Closinglock, title companies ensure they will never have to send wire instructions via email, and so their clients know to never trust any fraudulent wire instructions.
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