FinCEN Solutions to Get Ahead of FinCEN Compliance

Solutions built into your CloseSimple Portal to help create a seamless, secure & FinCEN-ready closing experience.

Fight fraud with one solution

CEO & Co-Founder Paul Stine explains the importance of integrating fraud solutions into our secure closing portal and how it benefits both title companies and consumers.

CloseSimple makes FinCEN Reporting for Title and Escrow Companies Simple

What is FinCEN?

New Federal Regulations That Could Impact Every Real Estate Transaction

Understanding the Financial Crimes Enforcement Network (FinCEN)

In 2024, the Financial Crimes Enforcement Network (FinCEN) introduced new reporting requirements under the Beneficial Ownership Information (BOI) Reporting Rule. These rules affect real estate transactions—especially those involving legal entities—and require title and escrow companies to collect and report ownership data.

Why it matters:
FinCEN’s goal is to increase transparency, reduce fraud, and prevent money laundering in real estate. But for busy teams, this introduces new risks, deadlines, and potential disruption to the closing process.

Step 1: Understand the Impacts to Your Business

Preparation is key. To avoid compliance issues and closing delays, title and escrow teams must update their workflows, train their staff, and ensure the right technology is in place.

FinCEN Checklist by CloseSimple-1

Step 2: Prepare Your Team, Your Workflow & Your Clients

Preparation is key. To avoid compliance issues and closing delays, title and escrow teams must update their workflows, train their staff, and ensure the right technology is in place.

Download Checklist

Step 3: Launch Early, Test & Learn

Hear from industry peers on how it's going and what they've learned as they've build and implemented process over the past few years.

CloseSimple helps Title and Escrow Companies simplify and secure their closings (1)

How CloseSimple Solves FinCEN Compliance

A Purpose-Built, Automated FinCEN Workflow Inside Your Closing Process

Remove the Burden of Compliance. CloseSimple Has You Covered.

With CloseSimple, you can easily meet FinCEN’s BOI reporting requirements, without slowing down your team or overwhelming your clients.

Automated BOI Data Collection
Send secure forms to clients automatically, capture required data, and track progress.

Built-In Reminders & Workflows
Never miss a step. Our platform guides your team and your clients every step of the way.

Encrypted Storage & Seamless Reporting
Keep data secure and organized for timely, compliant FinCEN submissions.

Integrates with SoftPro, RamQuest, ResWare & More
Whether you're using a major title production system or working manually, CloseSimple fits your workflow.

One Solution to Keep Closings Compliant

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