ClosingLock acquires SafeWire to combat fraud in real estate transactions

ClosingLock has completed its acquisition of select assets of Columbus, OH-based SafeWire. SafeWire provides software to title companies to combat wire fraud in real estate transactions.

“This acquisition allows ClosingLock to offer SafeWire’s customers a broader portfolio of tools to combat wire fraud. We remain committed to our mission of ending wire fraud in real estate, and this acquisition moves us closer to that goal.” says Andy White, CEO and co-founder of ClosingLock.

Chris Sauerzopf, CEO of SafeWire, says “We came up with the idea of SafeWire in 2016 because this problem terrified us. As a title company owner, we had no clue how this was happening. The idea that a member of our staff could have a bad day and potentially send money to the wrong account was something that frightened us and would have been devastating to both our clients and our business.

We chose to partner with ClosingLock for several reasons. Andy and his team are great people with an aligned vision of fraud-free real estate transactions for everyone. They have built an incredible business and have a product that far exceeds any other competitors in the space. We look forward to ending all fraud in real estate transactions together.”

ClosingLock is modernizing the real estate world’s way of transferring information to eliminate wire fraud. The company provides a secure, easy-to-use platform for title companies, law firms, and other financial services to protect themselves and their clients from wire fraud.