Press Release: CloseSimple Expands Fraud Prevention Platform

CloseSimple Expands Fraud Prevention Platform to Combat Rising Seller Impersonation and Wire Fraud Threats Across the Title and Settlement Industry

Minneapolis, MN — Tuesday, October 28th, 2025 — CloseSimple, the leading Customer Experience Platform for the title and settlement industry, has announced a major expansion of its Fraud Prevention Suite, equipping title companies and real estate attorneys with new tools to detect, prevent, and neutralize fraud before it impacts transactions.

CloseSimple’s new enhancements address both seller impersonation fraud and wire fraud, the two most pervasive threats facing title companies today.

“Our customers rely on CloseSimple to safeguard every closing, every time,” said Paul Stine, Co-Founder & CEO of CloseSimple. “Fraud prevention can’t be an afterthought or a bolt-on tool. It has to be integrated across the entire transaction, from identity verification and wire protection to communication and e-signing, so companies can protect their clients without disrupting their workflow or brand experience.”

Building on its existing suite of tools used by hundreds of title companies nationwide, CloseSimple’s expanded Fraud Prevention Suite includes:

• Early Scan – A proprietary algorithm that analyses the risk level of a seller within seconds of opening a file.
  
• Seller Identity Verification – Automated verification of seller information using digital ID checks and document authentication.
• Secure Wire Instruction Delivery – Education forward presentation of wire instructions that is easy to maintain and helps protect buyers from phishing attempts.
• Wire Verification – Integrated, brand-consistent workflows that verify routing details and wire recipients before funds move.

“Fraudsters are moving faster than ever, and the tools designed to stop them need to evolve just as quickly,” said Nate Niemi, CTO and Head of Product & Security at CloseSimple. “Our approach is holistic: we’re embedding protection into the same workflows that users already rely on for customer communication, document delivery, and e-signing, without adding steps or friction. Security should feel seamless.”

About CloseSimple

CloseSimple powers the Customer Experience, Fraud Prevention, and Payments that title companies and real estate attorneys rely on every day. Its white-labeled platform integrates with leading title production systems to simplify communication, enhance security, and elevate every part of the closing process. CloseSimple handles over 40,000 e-signings per month and has helped title companies manage millions of secure, branded transactions across the United States.