ClosingCorp Inc.

The firm's business is centered on providing data and digital tools that streamline the quoting and ordering of settlement services required for home loan origination and servicing. Its client base includes a substantial portion of the nation's largest mortgage lenders, title and settlement companies, and real estate professionals who rely on the platform to increase efficiency and mitigate risk. The company generates revenue through its technology offerings, which provide access to actual rates for services like title, settlement, appraisal, and recording fees, rather than just estimates. This is facilitated by a network of over 20,000 service providers.

ClosingCorp's core product suite includes solutions for fee management and order management. The 'ClosingCorp Fees' platform allows lenders to integrate loan file information with transfer tax data, recording fees, and service provider fees to generate accurate closing cost information. The 'ClosingCorp Order Management' service enables users to order, track, and receive settlement services directly through the platform, which can be accessed via standalone web portals or integrated into digital lending platforms like Ellie Mae's Encompass. These tools are designed to reduce friction and costs associated with the mortgage closing process.