The American Land Title Association(ALTA), the national trade association of the land title insurance industry, announced it has named Closinglock as an ALTA Elite Provider.

ALTA’s Elite Provider Program features distinguished service providers committed to furnishing extensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members’ critical needs.

“As an ALTA Elite Provider, Closinglock has shown its dedication to the title and settlement services industry,” said Diane Tomb, ALTA’s chief executive officer. “It is more important than ever for ALTA to supply its members with innovative service providers that are actively engaged in creating state-of-the-art, customized solutions—and for those solutions to help protect industry professionals as well as consumers. The Elite Provider Program calls for our premiere providers to complete a comprehensive application process, which includes furnishing ALTA with member recommendations as well as financial statements. This extensive practice proves Elite Providers, like Closinglock, can add value for our members and make their businesses more profitable.”

Closinglock provides fraud prevention technology to the real estate industry, modernizing transactions through a secure platform. With Closinglock, settlement companies can exchange wire instructions, receive Good Funds payments, validate payoff accounts, verify identities, share documents and collect eSignatures. Trusted by hundreds of title companies and law firms and supported by financial service providers such as J.P. Morgan, Closinglock has protected hundreds of thousands of transactions totaling more than $250 billion.

Closinglock is offering 20% off implementation to ALTA members.

For more information about the Elite Provider program or to apply, visit www.alta.org/elite

About ALTA

The American Land Title Association, founded in 1907, is the national trade association representing more than 6,000 title insurance companies, title and settlement agents, independent abstracters, title searchers, and real estate attorneys.ALTA members conduct title searches, examinations, closings and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles.