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 […]