Overview

Closinglock ensures secure real estate transactions by safeguarding against wire fraud and integrating seamlessly with title production systems. Although the initial setup may require some adjustment, its robust security features and streamlined workflows make it a highly effective tool for real estate professionals.

Closinglock Specifications

Data Encryption

Multi-Factor Authentication

Security Audits and Reporting

What Is Closinglock?

Closinglock helps protect real estate transactions from wire fraud. The software focuses on securing sensitive information for title agents, real estate professionals, and clients. Closinglock features include real-time fraud detection, automated alerts, and integration with title production systems. The platform supports a more efficient transaction experience by reducing fraud risks and synchronizing processes which is why real estate professionals rely on Closinglock for added security during closings.

Closinglock Pricing

Closinglock pricing varies depending on the unique needs of your business. Get customized Closinglock cost that suits your business requirements and budget.

Closinglock Integrations

Closinglock integrates with several platforms, including:

  • RamQuest
  • ResWare
  • SoftPro
Explore a Closinglock demo to learn more about integration arrangements.

Who Is Closinglock For?

Closinglock serves professionals in the real estate and legal industries, including:

  • Title Companies
  • Law Firms
  • Escrow Officers
  • Loan Officers
  • Real Estate Agents

Is Closinglock Right For You?

Closinglock is built for real estate professionals who need a secure way to manage transactions and protect against wire fraud. The platform is trusted by professionals to complete high-stakes transactions with confidence by focusing on optimal security and compliance. Closinglock features like secure wire instruction sharing, account verification, and document automation help title companies, law firms, and escrow agents handle transactions smoothly.

Still unsure whether Closinglock is the right choice for you? Contact our support team at (661) 384-7070 for further guidance.

Closinglock Features

Closinglock quickly verifies the identity of everyone involved in a transaction, helping to stop fraud before it happens. This feature ensures that only the right people have access to sensitive information. By checking identities in real-time, Closinglock makes sure no one pretends to be someone they’re not during the transaction.

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Closinglock makes receiving Good Funds, earnest money, and cash-to-close payments secure and easy. All payments are encrypted, so you can feel confident knowing the money is safe. This feature ensures payments go to the right place without any risk of fraud or mistakes.

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With Closinglock, sharing wire instructions is secure and simple, reducing the chance of fraud. All instructions are verified instantly, making sure they’re accurate before any money is transferred. Sensitive information is encrypted, so only the people who need to see it can access the wire instructions.

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Closinglock provides a secure platform for sharing documents with all parties involved in a transaction. All files are encrypted to protect against unauthorized access, while secure communication channels ensure sensitive information remains private throughout the entire process.

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Closinglock makes getting eSignatures quick and simple, even when clients are miles away. Clients can sign documents remotely, saving time and effort while still ensuring everything is legally valid. Every eSignature is verified and fully compliant, making sure everything’s official and secure.

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Pros And Cons of Closinglock

Pros

  • Fraud prevention with real-time verification

  • Secure wire transfers for safe instructions

  • Efficient document management for signing and sharing

  • Responsive customer support for quick assistance

Cons

  • Mobile device compatibility can be limited

  • Identity verification may require manual follow-ups

  • Wire transfers may face delays if initiated the same day

Closinglock Reviews

Total 8 reviews

4.8

All reviews are from verified customers

Rating Distribution

5

Stars

75%

4

Stars

25%

3

Stars

0%

2

Stars

0%

1

Stars

0%

Share your experience

A

Anonymous

Real Estate, 11-50 employees

5.0
November 2024

Simple yet powerful platform

Pros

Its ease of use is amazing. Our clients find it really simple to follow the processes.

Cons

It's still somewhat new and has a few growing pains but no major faults.

Rating Distribution

Ease of use

9

Value for money

10

Customer Support

10

Functionality

9

A

Anonymous

Real Estate, 11-50 employees

4.0
November 2024

Makes wiring funds for closings easy for our buyers

Pros

ClosingLock is super easy and secure and I especially love the extra feature that verifies payoff instructions.

Cons

We had one problem with a wire where there were insufficient funds. The wire was sent anyway, causing a lot of hassle for us and the buyer.

Rating Distribution

Ease of use

8

Value for money

7

Customer Support

7

Functionality

8

MT

Meli T.

Coordinator, 11-50 employees

5.0
October 2024

Simplicity and efficiency

Pros

This software is a secure platform where clients can easily download wire instructions or even initiate the wire directly. It also lets us know if the client has logged into the portal or not. Plus, it's a safe way for clients to share their wire info with us.

Cons

The processing time can be slow if you need the wire the same day the client initiates it.

Rating Distribution

Ease of use

9

Value for money

10

Customer Support

10

Functionality

10

Frequently Asked Questions

The typical users of Closinglock are settlement companies, title companies, and real estate professionals.

No, Closinglock does not offer an API.

No, Closinglock does not have a mobile app.

Closinglock currently supports English.

Closinglock pricing follows a pay-per-transaction pricing model, with no publicly listed prices.

Closinglock integrates with multiple platforms including RamQuest, SoftPro, and ResWare.

Closinglock offers email and phone support.