Fairway Independent Mortgage Corp. has selected Closepin to create and manage its automated closing agent compliance program, the companies announced.
Closepin’s compliance and risk management platform uses cloud-based software and customer support resources to ensure compliance validation and wire instructions verification.
“The opportunity to streamline and automate the compliance validation process for Fairway’s very large network of local closing agents is a significant one for Closepin,” Westcor Specialty Executive Vice President Ryan Peterson said in a release. “We really appreciate Fairway’s goal of wanting to reduce risk and increase efficiency while also providing a quick and easy process for their closing agent partners.”
Fairway said it was thrilled to work with Closepin.
“With Fairway’s rapid growth and national footprint, we have seen our closing agent network grow to over 20,000 agents,” said Fred Farzaneh, Fairway’s vice president of third-party of governance. “We are confident the partnership with Closepin will enhance Fairway’s ability to more consistently meet the compliance demands that such a disparate network requires.
“And maintaining that network will allow us to better and more safely serve our customers and maintain our strong relationships with our valued closing agent partners,” Farzaneh said.