Payoff Verification: What the Real Estate Industry Needs to Know

Payoff Fraud is on the Rise It might be tempting to assume this increase in scams was made possible by the ongoing COVID-19 pandemic, but that’s not the case. Payoff fraud was becoming more common well before the pandemic began. Predictions from years ago claimed that this method would overtake buyer-side fraud in “the coming months.” That […]

Escrow Scams: What Every Title Company Should Know

E-commerce continues to gain popularity in the real estate industry and elsewhere. As a result, it’s more important than ever to make sure your title company has a plan in place to deal with escrow scams. These scams, which involve fraudsters posing as trustworthy escrow services during real estate deals and other transactions, have exploded in […]

How Do You Protect Your Clients From Wire Fraud?

These days, just about everybody working in the real estate industry knows that wire fraud is a serious problem. Despite this, it’s easy to underestimate how massive this issue has become. According to the FBI, an estimated 13,638 individuals fell victim to real estate wire fraud in 2020–a number 17% higher than 2019.  So, how do you […]

How To Choose The Best Real Estate Closing Software For Attorneys

One thing is true for real estate attorneys–closing on any property is a lot of legwork. From verifying information to collecting signatures and notarizing documents, it’s a long process. That’s why many are turning to software solutions.  With the right real estate closing software for attorneys, closing transactions can be streamlined, and even better, more secure. […]

Money.com – I Almost Lost $50,000 to a Real Estate Scam

“These spoofed emails are not the typical scam emails with misspellings and typos,” says Andy White, CEO of Closinglock, which helps title companies ward off wire fraud. “These are targeted, well-crafted spoofed emails that look like they are from the title or escrow company or attorney office. When there are hundreds of thousands or millions […]

What to Expect During the Mortgage Closing Process

Ah, the closing date. The mark on the calendar reflecting the favorable outcome that stems from all your hard work. You’ve gathered the necessary documents and you have saved just the right amount of money. The mortgage closing is like the light at the end of the tunnel. You’ve made it.  But, you are nervous. What […]