SoftPro released a new integration with ClosingLock for wire fraud prevention. With the platform, title companies, law firms, and other financial service providers can protect themselves and their clients from wire fraud, and SoftPro users can share data for closing and title transactions.
“Our integration with ClosingLock gives SoftPro users another invaluable tool for securely conducting real estate settlements,” SoftPro Chief Customer Officer Patrick Hempen said in a release. “Wire fraud is one of the biggest threats to homebuyers, so we are pleased to offer this new functionality with ClosingLock to protect the integrity of real estate transactions.”
By utilizing ClosingLock, companies can eliminate the need to email wiring instructions and better protect themselves from wire fraud, email spoofing, and business email compromise, according to the companies. The SoftPro integration will facilitate sharing wire transfer instructions and other documents with clients, collecting eSignatures, and verifying bank or loan payoff information instantly.
“We are excited to provide an integration with SoftPro which saves title companies time while also protecting against wire fraud,” ClosingLock CEO Andy White said. “SoftPro is a well-known brand in the title industry, and we think our integration will be able to provide even more value to their customers.”