Homestead Title & Escrow is proud to partner with Closinglock. Cyber criminals target you and other participants in real estate transactions to steal funds being transferred during closing. They hack emails, impersonate title companies and spoof real estate agents to trick their targets into sending money to fraudulent bank accounts that they control. In 2023, cyber criminals stole over $2.9 billion in funds through business email compromise (BEC). Closinglock is the leading technology platform to combat real estate fraud. Streamline the closing process and keep your client transactions safe and secure with our easy-to-use platform.

 

Wire Instructions

Send and receive wire instructions through a secure portal.

Free Earnest Payments

Receive earnest money deposits and cash-to-close as Good Funds.

Identity Verification

Protect buyers/sellers with instant and accurate identity verification.

Payoff Verification

Confirm loan payoff accounts and routing numbers in real time.

Secure Document Exchange

Share documents back and forth with clients and get status updates.

eSigning

Request and receive government compliant eSignatures.

Sending Wire Instructions

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No more worrying about wiring details getting mishandled or losing critical information. Closinglock makes it easy to send and receive wire instructions securely.

Bank Account Information

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With Closinglock, clients validate their identity and provide bank details in just a few clicks. Giving everyone the peace of mind needed to complete the transaction.

Securely Transfer Funds

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Once the recipient confirms their bank details, you’ll be notified and ready to complete the transaction. Rest easy knowing that the transfer is insured up to $2.5 million.

Frequently Asked Questions?

What is real estate fraud?

Real estate wire fraud occurs when a criminal provides a property buyer with fraudulent wiring instructions that direct closing funds to the criminal’s own bank account, rather than the title, settlement, or closing company. There are many ways in which this happens—the email accounts of attorneys, real estate agents, or title company representatives can be hacked or spoofed, or a scammer may call a buyer and pretend to be from the title company.

What can you do to protect yourself from real estate wire fraud?

If you are a consumer, the best way to protect yourself from real estate wire fraud is to understand the closing process and verify any requests for funds or personal information with the requesting party before sending them. For example, if your attorney emails you and tells you that funds need to be wired a day in advance, call their office and verify this. You may also wish to ask if your title company uses Closinglock, which offers the best possible protection against real estate wire fraud.

Why is Closinglock a superior solution to existing best practices?

Closinglock provides added security and up to $2.5 million of direct insurance on every transaction. The solution also reduces the time and resources spent to verify individuals and their account details that traditional best practices require.

My clients are not tech savvy. Will Closinglock still work for them?

Yes, users of all ages and tech experience love how easy it is to use Closinglock. Your clients can go through the Closinglock process on any device (mobile, laptop, desktop, tablet) without needing to download an app or create an account/password.