The Closing Exchange Secures Investment from Decathlon Capital Partners
Fremont, CA: The Closing Exchange, leading dynamic vendor management and signing services firm, secured multi-million-dollar investment from Decathlon Capital Partners to aggressively expand processing capacity and the development of its proprietary and patent-pending CXChoice platform.
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 is a SaaS (software-as-a-service) technology and business services firm, filling the gap between digital signing options and mortgages. “The Closing Exchange is uniquely positioned to instantly e-enable the title, mortgage, reverse mortgage, auto lending, vacation rentals, and small business industries at a time when signing options, such as remote and online services are essential to maintaining our economy,” said Alan Frelix, co-founder and CEO. “Our clients needed this capability yesterday. With the help of Decathlon, we are able to continue to expand our patent-pending, integrated software offering, and staffing to meet this demand and serve the next generation of digital transactions.
The Closing Exchange gives clients, homebuyers, and sellers their choice of how to close with multiple closing options, including attorney agents, eSignings, mobile notary, Remote Online Notarizations (RON), and hybrid closings in a time when flexibility and choice are at the crux of the consumer experience.
“We created The Closing Exchange to deliver a seamless signing experience for businesses and their customers, at any stage of growth,” said Marvin Bantugan, co-founder and CTO. “We do this by bringing together our deep experience, along with first-class customer service and technology.”
“The Closing Exchange management team has decades of experience in financial services, lending, and the use of technology to make both more efficient,” said Decathlon’s John Borchers. “They have a solid plan to grow the business, with services that can be customized to suit their customers’ needs. As more lenders and title agents move to digital signing, especially in this age of social distancing, The Closing Exchange is uniquely positioned for growth. We’re pleased to make this investment in their business and the future of the mortgage market