Plymouth Meeting, PA and Atlanta, GA (April 11, 2018) – Closepin is pleased to announce it has officially launched an automated closing agent compliance process for Angel Oak Home Loans LLC (AOHL) and their Lending Services platform. Closepin, a compliance and risk management platform for a lender’s closing agent network, utilizes proprietary cloud-based software and customer support resources to remove the growing burden of compliance validation faced by many lenders in today’s market.
“We are ecstatic about the opportunity to reduce risk and increase efficiency surrounding the compliance data review of local closing agents for a leading lender like Angel Oak. It’s a great partnership because they are on the cutting edge of post-crisis non-QM lending, and we are on the cutting edge of creating custom products and solutions that solve real problems for clients in the real estate and mortgage lending marketplaces,” said Ryan Peterson, EVP of Westcor Specialty.
Ashlei McAleer, Managing Director of Lending Services for AOHL, said of Closepin, “We were thrilled to discover Closepin and their risk management platform. Since Angel Oak operates primarily as purchase driven lender, we manage a significant number of closing agents nationally. We have been looking for vendor management solution that would simplify the process and allow Angel Oak to customize a technology platform suitable for our needs. We are confident the partnership with Closepin will enhance Angel Oak’s ability to better serve our clients and support our rapid growth as an industry leader.” The Lending Services team provides supplemental operational support for all of the Angel Oak lending entities (Angel Oak Mortgage Solutions LLC, Angel Oak Prime Bridge LLC, and Angel Oak Home Loans LLC) to include oversight and maintenance of the closing agent approval process.
Mr. Peterson added, “Creating Closepin and bringing it to the market has been an exciting project, and it’s just one of the many new initiatives we’re tackling at Westcor Specialty to create solutions for a rapidly changing industry.”
Closepin is a cloud-based compliance and risk management platform for a lender’s closing agent network. Closepin reduces risk through automated compliance validation of local closing agents, enabling lenders, title agents, and consumers to more safely and enjoyably work together.
About Angel Oak Home Loans LLC
Angel Oak Home Loans is a full service mortgage lender. In addition to offering traditional mortgage products, Angel Oak Home Loans and the Angel Oak family of companies specializes in innovative alternative lending options. Its flexible, supportive approach empowers prospective homebuyers to embark on a new path with confidence. Angel Oak’s experienced team of licensed mortgage advisors is leading the way by delivering start-to-finish mortgage support and an exceptional client experience.
For more information, please visit: www.angeloakhomeloans.com
About Angel Oak Mortgage Solutions, LLC
Angel Oak Mortgage Solutions, a leader in alternative lending solutions, is the top wholesale and correspondent provider of non-qualified mortgage loans. Angel Oak’s team of mortgage experts continues to pioneer a fresh, common sense approach to overcoming today’s mortgage lending challenges. Operating in 38 states, their breadth of Non-Agency products expands the pool of borrowers by offering partners more opportunities to grow their business and better serve their customers.
For more information, please visit www.angeloakms.com
About Angel Oak Prime Bridge, LLC
Angel Oak Prime Bridge, LLC is a commercial and residential lender providing financing solutions for today’s real estate investor. The Company was created in 2011 by individuals with extensive lending experience in the residential and commercial lending space. Its lending philosophy is founded upon a tenet of providing innovative portfolio loan programs, while consistently delivering an exceptional client experience, for both borrowers and referral partners.
For more information, please visit: www.angeloakprimebridge.com