The hidden work of title companies
Thanks to the often hidden but critical work of title companies, real estate transactions are executed with enhanced security, precision, and efficiency, ensuring that every property transfer is handled seamlessly. Title companies verify titles and potential claims, issue title insurance, ensure wire fraud prevention, and manage the ins and outs of closings. Title professionals help […]
How FinCEN’s new requirements will impact title companies and help with wire fraud prevention
The Financial Crimes Enforcement Network (FinCEN) is a government agency within the United States Department of the Treasury dedicated to preventing and investigating financial crimes. The agency combats money laundering and terrorist financing. Today, it uses its substantial resources to analyze national financial transaction data and provide intelligence to law enforcement, counter-terrorism agencies, and financial […]
Behind every home sale: Why title is vital
The settlement industry plays a critical role in the real estate closing process. Virtually every real estate transaction includes a title search, regardless of whether a mortgage lender is involved, because it’s crucial to confirm a property is eligible for sale. Title companies are essential to real estate, though many buyers and sellers are unfamiliar […]
The biggest challenges facing title companies in 2025
What are the biggest challenges for the title industry this year? According to a survey of title professionals across the United States, key issues include the need for a solid growth strategy, wire fraud prevention, and staying ahead in a rapidly evolving economic landscape. Looking ahead to 2025 and beyond, these evolving trends open up a wealth […]
How Flying S Title stopped multiple fraud attempts with vigilance and Closinglock
In a small town in Montana, Flying S Title & Escrow of Montana recently faced a wave of fraud attempts targeting vacant land properties. Over the course of just one month, the company successfully identified and stopped three fraudulent transactions. The team’s vigilance and strict protocol using Closinglock were crucial in preventing these scams, protecting both the sellers […]
The dark side of artificial intelligence: AI fraud in real estate
While artificial intelligence (AI) can boost productivity and innovation and decrease errors and inefficiencies, it also comes with a darker side. Cybercriminals have used AI to perpetrate fraud in the financial services industry, eCommerce, insurance, and, more than ever, real estate. It is impacting industries and individuals alike. Experts predict that overall AI-related fraud losses could approach […]
How Capital Title Insurance Agency caught 7 vacant land seller fraud attempts with Closinglock
According to a recent American Land Title Association (ALTA) report, 28% of title companies experienced at least one seller-impersonation fraud (SIF) attempt in 2023. Like many in the industry, Amanda Mitchem, Internal Operations Manager at Capital Title Insurance Agency, has seen this type of fraud play out in real time and become one of the business’s biggest fraud […]