News & Information
At The Closing Exchange we strive to keep you informed with the latest
news about our company and industry.
Homeowner Equity Insights - Q4 2022
The CoreLogic Homeowner Equity Insights report, is published quarterly with coverage at the national, state and metro level and includes negative equity share and average equity gains. The report features an interactive view of the data using digital maps to examine CoreLogic homeowner equity analysis through the fourth quarter of 2022.
Interview with Alan Frelix, CEO, The Closing Exchange
The Closing Exchange CEO Alan Frelix speaks with The Title Report Editor Erica Peterson about the current eClosing landscape.
The Closing Exchange provides a wide variety of signing solutions for lenders looking to deliver eClosings
TCX partners with its clients to configure solutions to support their workflow at every stage of their digital evolution
House Passes SECURE Notarization Act - Nationwide RON Legislation
The U.S. House of Representatives on Wednesday night by a vote of 336-90 passed a series of bills rolled into a package that included the ALTA-supported Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act (H.R. 3962).
The Closing Exchange is Now integrated with Black Knight's Suite of Closing Solutions to offer Dynamic Signing Services for the Mortgage and Title Industry
The Closing Exchange announced today it has integrated its signing services with Black Knight's suite of closing solutions, including Expedite Close and DocVerify, to enable trained and vetted notaries the ability to execute signings via Remote Online Notarizations (RON).
Maine Becomes 40th State With RON Legislation
Maine joined 39 other states to allow remote online notarization (RON) after Gov. Janet Mills signed into law LD 2023. The legislation will go into effect July 1, 2023.
CoreLogic Aligns with The Closing Exchange to Offer Dynamic Signing Services for the Mortgage and Title Industry
CoreLogic, a leading global property information, analytics and data-enabled services provider, today announced it is working with The Closing Exchange to bring together a complete suite of signing options for mortgage solutions from mobile notary signing to Remote Online Notarizations (RON).
WFG Preferred Vendor Program
The Closing Exchange is proud to be featured in the December WFG Preferred Vendor Spotlight! With The Closing Exhcange, you can easily expand and customize your company's closing experience without training new staff or developing a new panel of notary signing and attorney agents.
How The Closing Exchange is Making Signing Easy During the Pandemic
Nationwide mortgage signing service company The Closing Exchange (TCX) has always been specifically focused on serving the reverse mortgage industry with its hundreds of reverse-trained notaries. But especially during the unusual times due to the COVID-19 pandemic, the company is taking additional actions to ensure closings go smoothly.
The Title Report Title Technology Special Report featuring The Closing Exchange
Download The Title Report's FREE Title Technology Special Report featuring The Closing Exchange. Stay current and connected with new technologies. Learn about: technology adoption since the pandemic, AI's title applications, newest title developments in Blockchain and more!
CXChoice combines technology and service to allow signings to shift from eSign to wet sign seamlessly
HousingWire released the eClosing Solutions Special Report featuring seven companies providing digital closing solutions lenders need, featuring The Closing Exchange.
Saying Goodbye to Pre-Pandemic Processes
HousingWire Webinar: Saying Goodbye to Pre-Pandemic Processes, featuring FirstClose’s Joe Dahleen and Sara Nakae and joined by The Closing Exchange’s EVP Landon Smith discusses the fast-paced innovations in the mortgage industry and how digital tools and platforms help move the origination process closer to automation.
Qualia Further Expands Hybrid, eClosing and Remote Notarization Signing Options with The Closing Exchange in Marketplace
Qualia, the leading digital real estate closing platform, today announced that title & escrow agents can now access The Closing Exchange network of signing agents directly from the Qualia Marketplace.
The Closing Exchange Secures Investment from Decathlon Capital Partners
In a time of social distancing, the need to offer expanded digital signing solutions has leaped high. The Closing Exchange intends to use the newly raised capital to meet this critical need.
The Closing Exchange Raises Capital from Decathlon Capital Partners to Expand Digital Signing Services Platform
The Closing Exchange, a leading dynamic vendor management and signing services company, announces a multi-million-dollar investment in its digital signing services business. In a time of social distancing, the need to offer expanded digital signing solutions has accelerated rapidly.
Title Industry Delivers With Curbside, Drive-through Closing Options
Title and settlement companies across the country have modified their closing processes to serve their customers and keep everyone safe in a world of social distancing and the COVID-19 pandemic.
How to Create a Ceremonial Experience at Closing and Why it Matters
Over the past few years, lenders have primarily focused on the front end of the consumer experience at loan origination. Alan Frelix, CEO of The Closing Exchange, a leading vendor management and signing services company, says not enough focus has been placed on the back end of the experience—or what he believes to be the most important time for lenders and title & escrow companies to secure their relationships with clients.
The Closing Exchange Launches New Curbside Closing Signing Option
The Closing Exchange announced today its launch of Curbside Closing by The Closing for title agents and lenders to continue to serve their customers in a world of social distancing.
The Closing Exchange Becomes the First Signing Service Preferred Partner for AmTrust Title Insurance Company
The Closing Exchange announced today it is the first signing services Preferred Partner for AmTrust Title Insurance Company.
Adeptive Integrates The Closing Exchange in ResWare
Adeptive Software, developers of the powerful title and escrow production software, ResWare, has added The Closing Exchange's CXChoice platform to its offering of integration partners.
CXChoice tailors customizable closing services to the consumers' needs
The closing experience is one of the last opportunities lenders have to make a positive impact on a borrower, but an easy, painless signing experience that allows consumers to choose how and when they want to close has been missing from the mortgage loan process.
The Closing Exchange Partners with DocuSign to e-Enable Title Agent and Lenders Across the U.S.
The Closing Exchange announced today its strategic partnership with DocuSign, to deliver managed services to the real estate and mortgage industry.
Landon Smith Joins The Closing Exchange to Lead Enterprise Sales
The Closing Exchange announced today Landon Smith has joined the company to lead enterprise sales. Smith will serve as Executive Vice President, Client Strategy and Business Development, and will drive strategic sales and relationships, the growth of The Closing Exchange, and adoption of the CXChoice signing services platform in the mortgage and title industry.
The Closing Exchange Reaffirms ALTA Best Practices Compliance
The Closing Exchange announced today the successful completion of its American Land Title Association (ALTA) Best Practices Review by PYA, P.C., a certified public accounting and professional services firm.
ALTA ONE Opening Ceremony
See our own Cody Marshall open the ALTA ONE conference by singing our nation's national athem
The Closing Exchange Announces CXChoice℠
The Closing Exchange announced today, at the ALTA One Conference in Los Angeles, the launch of a new dynamic patent-pending signing services platform, CXChoice℠, providing the title and mortgage industry a flexible, highly-integrated system to transform the customer experience.
Younger Loan Applicants Choosing to Remain 'Conventional'
The buying habits of millennials - increasingly viewed as crucial in current market conditions - are often described as elusive or hard to pinpoint in today's "gig economy".
More Americans lying on mortgage applications
As home prices continue to rise, a larger percentage of prospective American homebuyers are lying on their mortgage applications.
Ratings agency forecasts proprietary reverse mortgage boom
A significant number of seniors are expected to exit the workforce as Baby Boomers continue to age, but studies show many lack the financial resources needed to sustain themselves in retirement.
HECM volume inches upward
It's been a tough year for the reverse mortgage space. Next week marks the one-year anniversary of the implementation of changes to the HECM program that shook the industry to its core, significantly slashing loan volume.
Ellie Mae: Refis just went positive for the first time in 2018
According to the Origination Insight Report, the rate of refinances closed finally rose in August
Mortgage application volume rises
Mortgage applications rose for the first time in six weeks as interest rates held steady, according to the Mortgage Bankers Association.
To succeed at digital transformation, focus on customers and innovation
New study of financial services firms shows a clear difference between leaders and laggards.
Inside the Reasons Why Seniors Choose the HECM for Purchase
Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed.
Pavaso Partners With Closing Exchange for Mobile Closing Services
California-based The Closing Exchange announced that they have partnered with Pavaso, the provider of a collaborative eClosing platform, to deliver nationwide mobile closing services through The Closing Exchange's network of trained and certified signing agents.
Press Release - June 4, 2018
The Closing Exchange Partners with Pavaso to Provide Nationwide Mobile Closing Services by Certified Signing Agents
Alan Frelix, The Closing Exchange CEO, interviewed by Reverse Mortgage News
Alan Frelix, the CEO of The Closing Exchange was interviewed by the Reverse Mortgage News to discuss the role of the notary in reverse mortgages. Alan outlined the role of and the criticality of a notary in successful reverse mortgages.
Tappable equity highest on record
At the end of February, the amount of tappable, or lendable, equity available to Americans soared to $5.4 trillion, the highest on record and 10 percent above the pre-recession peak in 2005, according to the latest Mortgage Monitor Report from Black Knight, Inc.
March New Home Purchase Mortgage Applications Up 14%
Mortgage applications for new home purchases increased by 14 percent in March from February but decreased by 2.6 percent from a year ago, the Mortgage Bankers Association reported this morning.
Seniors' Home Equity Grows by $149B in Fourth Quarter
Senior home equity levels continued to climb in the final quarter of 2017, ballooning to $6.6 trillion.
U.S. Home Equity Increased by $908 Billion in 2017
The overall amount of home equity controlled by U.S. homeowners ballooned by 12.2% in 2017 - a gain of $908.4 billion in just 12 months.
Refi mortgage app share falls to its lowest level since 2008
Continued increases in mortgage rates caused the refinance loan application share to fall to its lowest level since September 2008, according to the Mortgage Bankers Association.
Title Source rebrand to Amrock fuels 'startup' feeling
Title Source leadership always thought of the company as a technology company that also provided title services.
Know Your Traditional and E-closing Options
There's been a lot of buzz about online notaries and digital closings over the past year. While many states will start to consider online notary legislation, the fact remains there are four main ways closings can occur. Here's a summary of the options:
Home equity beckons, but few ready to embrace it
There has been a hint of optimism for home equity lending among bankers this earnings season, but attitudes remain mixed a decade after the housing market crash began, and the supportive comments made by some executives still fall far short of ringing endorsements.
HECM Changes & Impacts on Line of Credit Growth
Recent changes to the Home Equity Conversion Mortgage enacted on October 2nd have reduced the ongoing FHA insurance premium substantially and led to many lenders reducing their loan margins to soften the blow of reducing lending ratios or PLF factors
Person-to-person is more credible for mortgage info than online
Originators and real estate agents are considered more trustworthy and credible by home purchasers than online sources about mortgage information, a Fannie Mae study found.
How long until eClosings are standard practice for mortgages?
The digital world is slowly creeping its way into mortgages, as more lenders start to unveil digital mortgage applications and boast a fully online digital mortgages.
Signing Agent Tip: 5 Steps to A Mistake-Free Loan Signing
Every party in a mortgage transaction hopes for a smooth loan signing. And mistakes, no matter how small, can be a headache for everyone involved.
HELOCs set to double in next five years says study
Next year will begin a period of growth for home equity lines of credit according to a new study.
The Closing Exchange Transforms the Signing Services Business
Dynamic vendor management and closing services, designed by former senior executives of Top Five lender and title & settlement companies
The Closing Exchange Transforms Signing Services for the Reverse Mortgage Industry
The new company offers dynamic vendor management and signing services specialized for reverse mortgage application signings and closings.