Closinglock provides essential protection for real estate transactions, supporting hundreds of title companies and law firms in combating the growing threat of fraud while streamlining workflows. Over 1 million home sales have been completed through its secure platform, which enables identity verification, secure wire instruction exchange, document management, eSignature collection and payment verification.
The company’s innovative tools include its Identity Verification feature, which uses non-public data sources to generate clear pass or fail reports within minutes. In the past year alone, this tool has reviewed over 395,000 identities, flagging 44,000 for further scrutiny. Closinglock’s Good Funds Payments tool, known as the “Venmo of real estate,” allows buyers to send earnest money deposits and cash-to-close funds via desktop or mobile. This tool has facilitated over $500 million in transactions and includes an Early Deposit feature for added flexibility.
Closinglock also provides the industry’s highest direct wire fraud insurance coverage, up to $2.5 million per verified transfer. To date, the platform has protected over $350 billion in real estate transactions, preventing an estimated 6,000 fraud attempts and mitigating potential losses exceeding $900 million. With ongoing product enhancements and significant time-saving capabilities, Closinglock continues to innovate for the digital demands of today’s real estate landscape.
Company Website:
Markets Served:
Real Estate Sales
Company HQ:
Austin, TX
