ClosingCorp has agreed to be sold to CoreLogic, a portfolio company of Stone Point Capital and Insight Partners
ClosingCorp is a valued partner to major participants in the housing ecosystem providing unique must-have intelligence and digital solutions that streamline the quoting and ordering of critical settlement services needed to originate and service a home loan, eliminating friction, cost and risk. Through innovative solutions, progressive technologies and strong alliances, the company delivers timely, accurate and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies and real estate professionals.
Steffan Encrantz, Chairman of Allegro, commented, “We’ve had a great partnership with ClosingCorp and are really proud to have supported the team in building the category leader in the real estate technology space. Lincoln’s superb track record, expertise and industry knowledge were critical in delivering an outstanding outcome for all of our stakeholders.”
“We’re excited to have partnered with the ClosingCorp team and Allegro in this important transaction,” said Scott Twibell, Managing Director and co-head of Lincoln‘s Technology, Media & Telecom Group. “ClosingCorp’s unique solutions combined with the CoreLogic platform will provide a wide range of best-in-class solutions for mortgage lenders, title and settlement companies, real estate professionals and consumers.”
Lincoln acted as the exclusive financial advisor to ClosingCorp, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction. Terms of the transaction were not disclosed.
Lincoln ran an exceptional process with thorough preparation and thoughtful articulation of the opportunity, led by a hands-on senior team that helped us secure an outstanding outcome and great future partner for the company.
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