Closepin has launched an automated closing agent compliance process for Angel Oak Home Loans LLC and their Lending Services platform, both companies announced.
“We are ecstatic about the opportunity to reduce risk and increase efficiency surrounding the compliance data review of local closing agents for a leading lender like Angel Oak,” Westcor Specialty Executive Vice President Ryan Peterson said in a release. “It’s a great partnership because they are on the cutting edge of post-crisis non-QM lending, and we are on the cutting edge of creating custom products and solutions that solve real problems for clients in the real estate and mortgage lending marketplaces.”
Closepin’s compliance and risk management platform uses proprietary, cloud-based software and customer support resources.
“We were thrilled to discover Closepin and their risk management platform. Since Angel Oak operates primarily as purchase driven lender, we manage a significant number of closing agents nationally,” Angel Oak Managing Director of Lending Services Ashlei McAleer said. “We have been looking for vendor management solution that would simplify the process and allow Angel Oak to customize a technology platform suitable for our needs. We are confident the partnership with Closepin will enhance Angel Oak’s ability to better serve our clients and support our rapid growth as an industry leader.”
“Creating Closepin and bringing it to the market has been an exciting project, and it’s just one of the many new initiatives we’re tackling at Westcor Specialty to create solutions for a rapidly changing industry,” Peterson added.