Industry News

Real estate title cos. get online closing system

Loop Information launches transaction management platform
Published on Jul 6, 2004

Loop Information Systems, a provider of collaborative Internet services for the real estate industry, on Thursday launched ClosingSite, a Web-based service that enables independent title companies to manage the closing of real estate transactions via Internet, fax and e-mail. ClosingSite allows for the management of closing documents, events and parties via the Internet. In addition to allowing all parties (including buyer, seller, agents, mortgage lenders, etc.) to share appropriate documents and schedule events, the system automatically notifies parties via e-mail of the availability of such documents and the completion of related events. A vital feature of the system is its ability to restrict access to certain documents, such as inspections, appraisals and mortgage papers, so that only the parties who should have access can view them. Title companies using ClosingSite are able to provide their Realtor and mortgage-based clients direct access to documents and communications 24 h...

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