Protect buyers, sellers, lenders, and settlement agents with powerful fraud detection and verification tools.
Technology is swiftly transforming the operations of the real estate sector. However, it has also allowed fraudsters to adapt more quickly. This is where third-party solutions come into play, assisting you in combating all forms of wire fraud. Additionally, these vendors help you mitigate risks by offering insurance coverage.
Even with the strongest processes in place, something can still go wrong, and in that moment your response matters as much as your prevention.
The ALTA Rapid Response Plan for Wire Fraud Incidents exists to help you act immediately and decisively when every minute counts. Wire fraud losses are often recoverable only within a short window, and hesitation or uncertainty can make the difference between recovery and permanent loss.
This is not a theoretical exercise; it is a real-world plan for a situation you may one day face. Knowing exactly what to do before it happens is how you protect your customers when they need you most.
In order to build a layered defense to wire fraud, it’s important to also consider how you create standard operation procedures, audit your files, train your team, and communicate internally and externally. These resources are built for you to consider how to create resources for your unique situation.
FNF Family of Companies’ independent title agents are agents for the issuance of title insurance products only; these independent agents are not agents of the FNF Family of Companies for escrow or settlement practices, including wire fraud losses. The information provided does not, and is not intended to, constitute legal advice. All information, content, and materials available on this document are for general informational purposes only. ionFraud is not an insurance-backed product and does not provide coverage, indemnity, or reimbursement for wire fraud losses.
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