It's no secret that wire fraud has been a hot topic. Over the past couple of years, the type of wire fraud has evolved to also include mortgage payoff wire fraud which can be devastating to a title agency due to the size of the loss. As will be detailed in week 2, there probably is not any insurance coverage available for the loss.
Join Michele Green as she discusses steps your agency can implement to Create – Confirm – Check to avoid mortgage payoff wire fraud. After her video, be sure to review the information on Create – Confirm – Check in your agency to determine what procedures you should take to protect your escrow accounts.
