Plymouth Meeting, PA, March 25, 2019 — Closepin announced today the launch of a first-of-its-kind tool which assists mortgage lenders in their efforts to conduct fully-digital closings. Closepin’s core business offers lenders automated compliance validation and wire instruction verification for mortgage-closing agents. With this new feature, Closepin empowers lenders to search for eClosing-enabled title agents.
“Lenders are looking for ways to offer digital closings to those customers that want them, but to do so requires an entire ecosystem of partners. One of the biggest challenges has been finding closing agent partners who are equipped to manage these transactions. Closepin now solves that for lenders,” said Ryan Peterson, EVP of Westcor Global, the creators of Closepin.
Freddie Mac has included a link to the Closepin search tool on one of its eMortgage pages to help Sellers find eClosing-enabled closing agents. “Freddie Mac is constantly working to find ways to innovate and improve the mortgage lending process,” said Samuel E. Oliver III, Vice President of Single-Family Customer Technologies. “One of the many ways we do this, is by addressing barriers to eMortgage adoption in our industry. Providing access to information and resources, like Closepin’s eClosing agent search tool, helps simplify and streamline the mortgage process for both lenders and their borrowers.”
Lenders can learn more about Closepin’s new feature at www.closepin.com or on Freddie Mac’s website (https://www.freddiemac.com/singlefamily/sell/edisclosures_eclosings.html).
Closepin is a cloud-based, automated closing agent compliance validation platform for a lender’s closing agent network. Closepin reduces risk for lenders, creates market exposure for closing agents, and provides a searchable closing agent database for consumers, real estate agents, and loan officers. The platform offers a compliance validation certificate to the lender, rate and fee comparisons to consumers, as well as enhanced lender visibility for title agents. For more information, visit www.closepin.com.