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ClosingCorp Acquires WESTvm Ordering Technology to Expand Real Estate Services Offerings
Monday 13 January 2020

13 January 2020 - California-based residential real estate services company ClosingCorp has acquired WESTvm, a provider of technology and services to companies in the real estate industry, to enable digital mortgages, the company said.
Terms of the acquisition were not disclosed.
A provider of loan-centric ordering technology, WESTvm streamlines the ordering and management of critical settlement services needed to originate or service a loan.
It allows lenders to order appraisals, flood certifications, title and closing services, and documents in less than sixty seconds.
ClosingCorp said it is renaming the WESTvm platform as ClosingCorp Order Management, and its fee management service, SmartFees, as ClosingCorp Fees.
Both solutions are immediately available through Ellie Mae Encompass Digital Lending Platform and ClosingCorp's standalone web portals.
The company will also build other third-party integrations.
ClosingCorp owns and operates a source of intelligence for closing costs and service providers in the US residential real estate industry.
WEST, a Williston Financial Group company provides fintech solutions that support the entire residential real estate and mortgage transaction and provide a better experience for realtors, brokers, title companies, mortgage lenders and the consumers they serve.
Williston Financial Group is the Portland, Oregon-based parent company of several national title insurance and settlement services providers, including WFG Lender Services and WFG National Title Insurance Company.
Details
Date Published: 13/01/2020
Target: WESTvm
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: ClosingCorp
Comment:
Terms of the deal were not disclosed

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