Angel Oak Partners With Closepin for Closing Agent Compliance

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first_img Closepin, headquartered in Plymouth Meeting, Pennsylvania, has officially launched an automated closing agent compliance process for the Atlanta, Georgia-based 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.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.” April 11, 2018 582 Views Share Angel Oak Partners With Closepin for Closing Agent Compliancelast_img

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