A new company, CertifID’s PayoffProtect, has achieved widespread adoption in the title and real estate industry, resulting in $37B in transactions protected from fraud.
Read More »Measuring the Cost of Real Estate Wire Fraud
A new report from CertifID has found that homebuyers’ and sellers’ wire transactions are rapidly being targeted by cybercriminals, with in excess of $106,000 as the average wire loss in consumer recovery cases.
Read More »Preventing Real Estate Wire Fraud
Cases of real estate wire fraud have increased significantly across the country. Here;s how the Coalition to Stop Real Estate Wire Fraud plans to address this crime.
Read More »Identity Fraud in Mortgage: The Threat is Real . . . and Growing
With reported wire fraud scams increasing drastically in the last year, it’s time for the industry to have a wake-up call.
Read More »Title Company Owners Launch Guaranteed Fraud Protection Platform
Wire fraud is a massive and continual threat in the mortgage world. After suffering their own losses, one title company decided to fight back with their own fraud prevention platform.
Read More »Mayor Indicted in Mortgage Fraud Scheme
A mayor in the Miami area has been suspended by Florida Gov. Rick Scott following a federal indictment alleging mortgage fraud. According to a report from the Miami Herald, North Miami Mayor Lucie Tondreau was suspended Tuesday after appearing in court to face charges related to her role in an $8 million fraud scheme.
Read More »Another Man Sentenced in Florida Wire Fraud scheme
A Florida man was sentenced on Tuesday to serve 12 months and one day in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme. Vernell Burris Jr. was sentenced to prison along with two other previously sentenced co-defendants, Christopher Godfrey and Dennis Fischer, in a continuing SIGTARP case.
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