How to Protect Yourself from Real Estate Wire Fraud as a Seller
Wire fraud is rampant in the title industry. Fraudsters have been able to infiltrate many real estate transactions in order to receive the sale proceeds via wire transfer straight into their bank account. As word gets out of this danger, buyers are doing what they can to protect their funds. And many accept guidance from […]
The Risks of Sending Sensitive Information via Email
In an ideal world, you would easily enjoy the peace of mind that comes from knowing any information you send via email would remain safe and secure. Unfortunately, sending sensitive information in an email can involve certain risks. Examples of “sensitive information” you might send over email include: Social security numbers, passport numbers, and other such […]
Key Takeaways From the FBI’s 2023 Internet Crime Report (IC3)
As the latest Internet Crime Report is released reflecting the 2022 statistics for internet-based crimes, including those that impact the real estate industry, we are once again reminded that we have a long way to go. More businesses need to implement innovative software and other defenses to protect consumers – and education, of course, is […]
Closinglock Integrates with Plaid for Bank Account Verification
Insert Headline AUSTIN, Texas (Oct. 2019) – Closinglock, the industry-leading service which protects title companies and their clients from real estate wire fraud, now offers bank account verification for its clients. This verification allows closing companies to authenticate their clients’ bank account credentials in real time. Not only are routing and account numbers confirmed, but the […]
Closinglock Now Offers eSigning
AUSTIN, Texas (July 29, 2019) – Closinglock, the online service which protects title companies and property buyers from real estate wire fraud, now offers in-system eSigning for its clients. “We worked diligently to give our customers the ability to securely share documents and also have those documents electronically signed, all within the same system. Several of […]
The Truths About Title Company Proprietary Systems
BY ANDY WHITE, PH.D. When explaining BuyerDocs to title companies, I often hear “we already have a secured proprietary system” for sharing wire instructions with home buyers and lenders. However, most people are unaware of the dangers of proprietary systems and how they are MORE vulnerable to security holes and thus hackers. One of the […]