ClosingLock

How it Works

ClosingLock simplifies the closing process for you and your clients

There’s no need for registration, app downloads, or remembering passwords. ClosingLock provides a hassle-free way for your clients to securely share wire information. With real-time updates via email, phone, and text, plus seamless integration with over 12,000 financial institutions through Plaid, your clients can move forward with confidence, knowing their funds are protected.

Only Trust Wire Instructions Provided Through ClosingLock

Quality Title Inc. will never send wire instructions directly by email, phone, or any other method outside of ClosingLock. If you or your client receive wire details through email, a phone call, a link, an attachment, or a letter, please notify Quality Title Inc immediately. Your security is our top priority.

Q&A’s

What is real estate fraud?

Real estate fraud occurs when someone intentionally misrepresents, withholds, or falsifies information related to a real estate transaction in order to deceive another party for financial gain. This can involve buyers, sellers, real estate agents, lenders, or even title and escrow companies. Common types of real estate fraud include identity theft, forged documents, wire fraud, title fraud, and email fraud.

One of the fastest-growing threats is wire fraud, where criminals impersonate trusted parties and trick buyers or sellers into sending money to fraudulent accounts. That’s why secure communication platforms, such as ClosingLock are used to verify identities, wire instructions and diligent fraud prevention practices are essential in protecting everyone involved in the transaction.

What makes real estate transactions a target for wire fraud?

Criminals are drawn to real estate closings because they involve large financial transfers, creating a lucrative opportunity for fraud. Scammers also know that buyers are often overwhelmed and eager to finalize their purchase, making them more likely to follow wiring instructions that appear legitimate, especially if they think it could delay or jeopardize the closing. Unfortunately, many professionals in the industry still lack strong security measures to prevent this kind of fraud. That’s exactly why platforms like ClosingLock were developed, to add an essential layer of protection for buyers, sellers, and everyone involved in the transaction.

How can you protect yourself from real estate wire fraud?

As a consumer, the most effective way to guard against wire fraud is to stay informed and always verify. Understand the steps in the closing process, and if you receive any instructions to wire funds or share personal information, especially by email, take a moment to confirm them directly with the source. For instance, if your attorney or title company sends wiring instructions, call their office using a verified phone number to make sure the request is legitimate. You can also ask whether your title company uses a secure platform like ClosingLock, which provides industry-leading protection against real estate wire fraud.

What is ClosingLock?

Closinglock provides fraud prevention technology to the real estate industry. They help title companies, law firms and financial service providers overcome critical challenges ranging from wire fraud to seller impersonation. By modernizing the transfer of funds and information, their feature-rich software provides unmatched security and convenience for title agents, attorneys, buyers and sellers alike.

Who is ClosingLock For?

ClosingLock serves title companies, attorney offices, buyers, and lenders. Closing companies upload secure wire instructions (and other documents), and buyers or lenders access them using their email address and by selecting their closing company. This secure process provides everyone involved, including agents, with peace of mind that the wire details are coming from a trusted source.