Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Closinglock is a comprehensive and secure platform designed to enhance and protect the real estate closing process by eliminating the vulnerabilities associated with traditional email and fax methods, instead utilizing encrypted and audited workflows that ensure the safe handling of wire transfers, payoff statements, documents, and signatures. This innovative solution caters to title companies, escrow agents, lenders, and real estate law firms by providing a SOC 2 Type II–certified portal that employs 256-bit AES encryption to thwart the prevalent business email compromise threats that result in significant financial losses each year. In addition to secure wire transactions, Closinglock features robust identity verification processes, including checks for identification and selfie-based validation, alongside bank-account and payoff-account verification through partnerships with financial institutions. Furthermore, the platform includes a “Good Funds” payment tool, facilitating earnest money deposits and cash-to-close payments, ensuring that all financial transactions are handled with utmost security and efficiency. By replacing outdated methods with its secure technology, Closinglock significantly contributes to the integrity of real estate transactions.
Description
Confirm serves as a solution for bank account verification within J.P. Morgan’s Kinexys Liink network. This tool assists financial institutions involved in the network by ensuring that the name of a beneficiary aligns with the provided bank account details prior to processing payments, thereby enhancing payment setup and account verification workflows. Institutions participating in this network can input account details and obtain a verification response efficiently. Tailored for banks, various financial entities, and payment service providers, Confirm is essential for validating beneficiary information as part of their payment processing tasks. The service's verification functionalities integrate seamlessly with payment infrastructure and external data sources, including verification agencies, and are not aimed at consumer banking applications. By implementing Confirm, organizations can significantly minimize payment errors arising from inaccurate beneficiary information, ultimately contributing to more reliable transaction processing. This functionality not only streamlines operations but also fosters greater trust in financial transactions.
API Access
Has API
No
API Access
Has API
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Closinglock
Founded
2017
Country
United States
Website
www.closinglock.com
Vendor Details
Company Name
JPMorgan Chase
Founded
1799
Country
United States
Website
www.jpmorgan.com/kinexys/confirm
Product Features
Fraud Detection
Access Security Management
No
Check Fraud Monitoring
No
Custom Fraud Parameters
No
For Banking
No
For Crypto
No
For Insurance Industry
No
For eCommerce
No
Internal Fraud Monitoring
No
Investigator Notes
No
Pattern Recognition
No
Transaction Approval
No
Product Features
Alternatives
Alternatives
No Alternatives