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Wire Fraud

Crittora launches secure real estate document delivery tool

ALTA, Cybersecurity, HWmember, Real Estate, Technology, Title, Title insurance, Wire Fraud /

Crittora has introduced Qripton Verify — a platform designed to protect title companies, closing attorneys and real estate professionals from fraud attempts that have become increasingly common in property transactions. The American Land Title Association (ALTA) estimates that one in three real estate transactions are targeted for wire fraud attempts. “Real estate professionals are under […]

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Closinglock adds two-way text messaging for title insurance

Cybersecurity, HWmember, Mortgage Fraud, Real Estate, Real Estate Fraud, Technology, Title, Title insurance, Wire Fraud /

Closinglock has introduced a two-way text messaging tool for the title insurance industry, allowing closing professionals to send and receive SMS messages with clients and partners from within the company’s platform. The feature allows real-time communication with buyers, sellers, lenders and agents — and links each conversation to the relevant transaction. Closinglock says additional tools,

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FBI reissues warning on scam that wipes out bank accounts

Cybersecurity, FBI, HWmember, Retirement, Reverse, Wire Fraud /

Amid increasing levels of mortgage fraud, the FBI has renewed a warning to Americans about an app that could trick victims into losing their entire banking, savings, retirement or investment accounts. The FBI first issued a public service announcement on the Phantom Hacker scam in September 2023. But on July 15, the bureau’s Los Angeles

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CertifID lands Series C funding to expand security capabilities

Capital Funding, Cybersecurity, Funding, HWmember, Investor, Mortgage Fraud, Real Estate, Real Estate Fraud, Technology, Title, Title insurance, Wire Fraud /

CertifID has raised $47.5 million in a Series C funding round led by Centana Growth Partners with continued participation from Arthur Ventures. The new capital will be used to expand CertifID’s capabilities in identity verification, transaction monitoring and secure payments. The company also plans to scale its team, accelerate product development and broaden industry partnerships.

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DOJ: Former attorney pleads guilty to wire fraud tied to reverse mortgage misuse

Department of Justice, HWmember, Lawsuit, Legal, Reverse, Washington, Wire Fraud /

A former attorney in Washington state this week pleaded guilty in federal court to defrauding a disabled client out of an estimated $800,000 — in part through the misuse of a reverse mortgage, according to an announcement by the Department of Justice (DOJ) and the U.S. Attorney’s Office for the Western District of Washington. The

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Pennsylvania lawmakers target protections against deed fraud

HWmember, Legislation, Pennsylvania, Pennsylvania State Legislature, Philadelphia, Real Estate, Real Estate Fraud, Title, Title insurance, Wire Fraud /

Amid a growing wave of real estate thefts that involve fraudulent property transfers, a bipartisan pair of Pennsylvania lawmakers are pushing for new legal protections the state’s homeowners. Reps. Chris Rabb (D) and Tim Bonner (R) have introduced H.B. 1406 to crack down on deed fraud — a crime they say is being exploited due

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Settlor adds CertifID fraud prevention to title production software

Cybersecurity, HWmember, Mortgage Fraud, Real Estate Fraud, Technology, Title, Title insurance, Wire Fraud /

Title technology provider Settlor has integrated CertifID’s wire fraud prevention tools into its cloud-based title production software, the companies announced Wednesday. The move is intended to streamline security measures for real estate transactions by allowing users to access CertifID services directly within the Settlor platform. The integration allows Settlor users to verify wire instructions, protect

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