Look odd? Think fraud.
Preventing wire fraud is an orchestrated effort.
At the end of yet another unprecedented year of change and evolution, the commercial real estate industry continues to thrive. But with so many transactions closing – particularly as we look toward the end of Q4 – continuing to protect our businesses from fraud remains one of our most important responsibilities. At First American Title National Commercial Services, we continue to practice considerable caution and employ advanced technology software that helps safeguard our clients’ transactions from fraud. That said, preventing wire fraud requires constant vigilance by all parties to the transaction, because cyber criminals are only getting smarter – and their methods more sophisticated.
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Preventing wire fraud is an orchestrated effort.
At the end of yet another unprecedented year of change and evolution, the commercial real estate industry continues to thrive. But with so many transactions closing – particularly as we look toward the end of Q4 – continuing to protect our businesses from fraud remains one of our most important responsibilities. At First American Title National Commercial Services, we continue to practice considerable caution and employ advanced t...
Preventing wire fraud is an orchestrated effort.
At the end of yet another unprecedented year of change and evolution, the commercial real estate industry continues to thrive. But with so many transactions closing – particularly as we look toward the end of Q4 – continuing to protect our businesses from fraud remains one of our most important responsibilities. At First American Title National Commercial Services, we continue to practice considerable caution and employ advanced t...
According to a Q3 analysis by MISMO-certified wire and prevention fintech FundingShield, 47.9% of transactions had issues leading to wire and title fraud risk at closing and 5% of transactions were not registered or valid in title insurer systems at time of closing.
The post Almost half of Q3 transactions had issues leading to wire and title fraud risks at closing appeared first on HousingWire.
According to a Q3 analysis by MISMO-certified wire and prevention fintech FundingShield, 47.9% of transactions had issues leading to wire and title fraud risk at closing and 5% of transactions were not registered or valid in title insurer systems at time of closing.
The post Almost half of Q3 transactions had issues leading to wire and title fraud risks at closing appeared first on HousingWire.
Fintech CertifID, aimed at reducing wire fraud in real estate transactions, will staff up with $12.5 million in Series A funding.
The post Wire fraud prevention fintech CertifID raises $12.5M in Series A funding appeared first on HousingWire.
Fintech CertifID, aimed at reducing wire fraud in real estate transactions, will staff up with $12.5 million in Series A funding.
The post Wire fraud prevention fintech CertifID raises $12.5M in Series A funding appeared first on HousingWire.
Real estate wire fraud is on the rise. According to CertifID, reports of wire fraud increased by 145% in 2022. While consumer real estate payments the most frequent target, commercial transactions pose a greater monetary risk due to the traditional size of those transactions. Real estate wire fraud occurs when criminals target individuals or companies facilitating wire transfers from real estate transactions. Understanding how to identify and prevent these schemes is crucial, as real estate tr...
Real estate wire fraud is on the rise. According to CertifID, reports of wire fraud increased by 145% in 2022. While consumer real estate payments the most frequent target, commercial transactions pose a greater monetary risk due to the traditional size of those transactions. Real estate wire fraud occurs when criminals target individuals or companies facilitating wire transfers from real estate transactions. Understanding how to identify and prevent these schemes is crucial, as real estate tr...
For property managers, risk management and fraud prevention are seemingly jobs that never end. New threats arise and old threats evolve. Similarly, new regulations are enacted by a variety of federal, state and even local agencies, and keeping up with changes can be difficult. Technology and data can help address property risk management in the … Continued
The post Manage risk and prevent fraud appeared first on MRI Software.
For property managers, risk management and fraud prevention are seemingly jobs that never end. New threats arise and old threats evolve. Similarly, new regulations are enacted by a variety of federal, state and even local agencies, and keeping up with changes can be difficult. Technology and data can help address property risk management in the … Continued
The post Manage risk and prevent fraud appeared first on MRI Software.
The internet makes managing your finances and running your business significantly faster and more convenient than ever before. On the other hand, because of the always-on, portable nature of today's communications technology, it has also never been simpler for criminals to steal money, disrupt transactions, and cause harm to customers. The very same systems that enable you to access data from any location, handle approvals online, and manage deals from your smartphone are also magnets for cleve...
The internet makes managing your finances and running your business significantly faster and more convenient than ever before. On the other hand, because of the always-on, portable nature of today's communications technology, it has also never been simpler for criminals to steal money, disrupt transactions, and cause harm to customers. The very same systems that enable you to access data from any location, handle approvals online, and manage deals from your smartphone are also magnets for cleve...
Prior to her sentencing in April, the former real estate agent was found guilty in a 2021 trial of defrauding a family friend out of an inheritance on the promise of teaching the victim how to invest in real estate properties, court documents show.
Prior to her sentencing in April, the former real estate agent was found guilty in a 2021 trial of defrauding a family friend out of an inheritance on the promise of teaching the victim how to invest in real estate properties, court documents show.
On a recent episode of the Rent Perfect podcast David Pickron says statistically, fraud is on the rise and landlords, whose information is all over the web and on legal documents, are not immune from its effects. He points out that it’s important to know ways to protect yourself and your information. David says this [...]
The post Protecting Yourself From Fraud is This Easy appeared first on Real Estate Investing Today.
On a recent episode of the Rent Perfect podcast David Pickron says statistically, fraud is on the rise and landlords, whose information is all over the web and on legal documents, are not immune from its effects. He points out that it’s important to know ways to protect yourself and your information. David says this [...]
The post Protecting Yourself From Fraud is This Easy appeared first on Real Estate Investing Today.
Higher risks for income and property fraud are expected as purchase loans are more susceptible to fraudulent activity: CoreLogic
The post Mortgage fraud risk is increasing amid slow real estate market appeared first on HousingWire.
Higher risks for income and property fraud are expected as purchase loans are more susceptible to fraudulent activity: CoreLogic
The post Mortgage fraud risk is increasing amid slow real estate market appeared first on HousingWire.
A record number of title insurance professionals gathered on Coronado Island, just a few miles from downtown San Diego, at the Hotel del Coronado for the American Land Title Association’s annual ALTA One conference on Wednesday. Opened in 1888 and known for its the intricate wood work and open designs in the main lobby and […]
The post 146-year old title industry battles cybercrime threats appeared first on HousingWire.
A record number of title insurance professionals gathered on Coronado Island, just a few miles from downtown San Diego, at the Hotel del Coronado for the American Land Title Association’s annual ALTA One conference on Wednesday. Opened in 1888 and known for its the intricate wood work and open designs in the main lobby and […]
The post 146-year old title industry battles cybercrime threats appeared first on HousingWire.