Ubitquity Announces Blockchain-Powered CloseLayer Software to Improve Efficiencies in the eClosing Process

The innovative leader in blockchain solutions for aviation, land title, and the real estate closing space offers an increased layer of trust between distributed parties in the eClose workflow with CloseLayer API-as-a-Service.

Photo courtesy of the CFPB
Photo courtesy of the CFPB

Wilmington, Delaware, USA — October 2, 2020 — Ubitquity LLC, the leading enterprise blockchain-secured platform for real estate and title recordkeeping, has announced that in the fourth quarter (Q4) of 2020 it is launching CloseLayer. CloseLayer provides immutable and seamless links to connect the flow of interested parties’ data in the real estate closing process.

This blockchain-based API-as-a-Service (AaaS) product will provide the ‘plumbing’ to existing eClose infrastructure. The data is secured, expedited, and transferred efficiently from start of loan origination down to official public recordation of documents.

“We are excited to announce the launch of such an innovative application within the fourth quarter of 2020, that will help improve efficiencies in the eClosing process. With the advent of API microservices in the title and real estate industry, Ubitquity is ready to be leading the charge as we build the software tools and infrastructure in order to help our valued customers”, said Nathan Wosnack, Ubitquity Founder & CEO.

The CloseLayer AaaS operates on an API microservice. An API microservice is an API (Application Programming Interface) that interacts with a backend that uses an architectural structure known as microservices. Microservice architecture is a method for building applications in which components are broken down into small, independent pieces rather than contained in a single, siloed (or monolithic) application.

Ubitquity’s Blockchain-as-a-Service offerings provide increased value with enhanced security combating cyber crime and wire fraud attacks, increased fluidity in automation of manual processes and lessens friction, while future-proofing data management processes.

The blockchain-based platform allows companies to certify the existence of property ownership at a specific moment of time, as well as the traceability of the changes of states or values ​​of its attributes. The data is stored in an immutable and permanent way, with highly reliable cryptographic mechanisms via our unanimity platform and API. The turnaround time for blockchain integration is quick, and in most cases it can only take days to go live.

About Ubitquity, LLC

UBITQUITY, the leading enterprise blockchain-secured platform for real estate and title recordkeeping, offers a simple user experience for securely recording and tracking property deeds and land records. The company is partnered with academia, aviation companies, municipalities, and real estate companies. Version 1.1 release of the platform is now available at www.ubitquity.io. Learn about CloseLayer™ and how it can help your firm by visiting www.ubitquity.io/closelayer/.

Ubitquity Contact:

Sahar Hariri, Sr. Client Account Manager

e: info@ubitquity.io

t: 1+ (724) BITCØIN [248–2046]

Written by

Ubitquity, LLC was founded on September 15, 2015. We are based out of Wilmington, Delaware, USA, with staff, an advisory board, and partners located worldwide.

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