In response to the wire fraud epidemic facing the title and real estate industry, Stewart Insurance announced a new endorsement offering coverage up to $500,000 for all inbound and outbound...
In this edition, NATIC takes a deeper dive into CertifID’s guide to recovering from a wire fraud attack, "When Minutes Matter". This roadmap outlines the actions you must take within...
Cyber crime in Real Estate, what can we do? Hear Tom Cronkright, CEO of CERTIFID & Tom Carpentier, President of Stewart Insurance on "Real Estate Matters with Stewart Title."
Tom Cronkright learned the hard way that the real-estate industry needs better ways to protect itself and consumers from wire-transfer fraud. His Grand Rapids, Mich.-based Sun Title company received a...
Anyone who's bought a home knows there are several times in the process where you may need to wire money to the seller or another party, but in the last...
How many times have you heard the words “wire fraud” in the last week? If your answer is a lot, that’s actually a great thing! But, if your answer is...
Last August, Robert Masucci and Clare Falbe Masucci sold their house in Glen Ridge, N.J., for about $840,000 after owning it for 30 years. About an hour after the transaction...
Preventing wire fraud essentially comes down to three things: 1) Educating transaction participants about the threat of fraud and what to watch out for. 2) Preventing fraudsters from accessing email...
With the FBI reporting nearly $150 million in real estate fraud losses last year, it seems Americans—and the industry pros who serve them—need to step up their game in the...
It all started with an email. Just days before closing on a home, I got a message from my escrow officer—or at least someone pretending to be her. Our closing...
When the principals of Grand Rapids-based Sun Title Agency LLC got scammed out of $180,000 in a phony real estate deal cooked up by hackers, they were quickly able to...
Wire fraud continues to make headlines across the nation. Recently, a family in Orlando lost $46,000 in a title company imposter scheme. There’s a lot of talk in the industry...
CertifID reports that its real-time identity platform for real estate protected more than $1.2 billion in transactions from wire fraud from late 2017 to December 2018. The identity management platform...
Ever heard of SpoofCard? It’s a scammer’s dream and a nightmare for title and settlement agents. The technology isn’t new, but the application offers the ability to change what someone...
CertifID, an identity management platform for wire fraud prevention, has increase to its transaction guarantee now covering up to $1 million in losses. CertifID verifies the identity of both parties...
CertifID, a company providing security and authentication software, just raised its customer guarantee to cover up to $1 million in losses.
AmTrust Title has partnered with CertifID and has announced that it will cover the costs associated with the transactional use of CertifID for its network of title agents, nationally. Amtrust Title will pay...
Adeptive Software, developers of the title and escrow production platform ResWare, and CertifID have announced their integration. Access to CertifID’s technology platform is now available to ResWare customers to combat the...
Adeptive Software announced the integration of its title and escrow production solution ResWare with CertifID’s technology platform. CertifID allows its customers to confirm seller wire instructions and for buyers to...
CertifID has added Accuity’s banking data to its identity platform for wire fraud prevention, the company announced. CertifID said the addition of more than 22,000 American Bankers Association (ABA) routing numbers...
CertifID, the real estate industry's only identity management platform for wire fraud prevention, today announced the addition of Accuity banking data to the company's technology platform. With the addition of...
According to a white paper by CertifID, a recent federal court ruling means that anyone—including title agents, underwriters and mortgage lenders—involved in a real estate transaction may be held liable...
Verifying identities continues to be a tricky proposition for banks as cybercriminals diversify and increase their attacks — especially when it comes to wire transactions. Payments fraud hit a record...
MBA Insights posed questions to Thomas W. Cronkright II, CEO of CertifID, Grand Rapids, Mich., a software company focused on preventing wire fraud in the real estate, lending and title industries....
Why do banks and other financial institutions need to pay more attention to wire fraud? In real estate, wire fraud is now the number-one cybercrime in the US; and the...
Citing its ongoing commitment to protect its members and the integrity of the mortgage process, Lake Michigan Credit Union (“LMCU”) has adopted Michigan-based CertifID as a solution to prevent wire...
Wire fraud victims have few options once they discover they’ve been had. But when minutes mattered, one Michigan homebuyer enlisted the help of a few friends—and made a recovery. What...
Cybersecurity and wire fraud are constantly making headlines in real estate and title industry news outlets. We hear of the buy-side scams often, a nice couple losing their nest egg...
CertifID is a wire fraud prevention platform designed to safely authenticate the identities of the parties of a transaction and allow them to share banking information securely. The platform, which...
To help the increasing number of title agents, homebuyers, real estate professionals and mortgage lenders targeted by the wire fraud epidemic, two industry experts have published a white paper detailing...
Authentication software provider CertifID has announced it raised $1.7 million in its seed round of financing. The round was led by Grand Rapids, Mich.-based Wakestream Ventures and included several prominent...
The round was led by Grand Rapids, Mich. based Wakestream Ventures and included several prominent angel investors, the company said. “During our diligence process, we heard so many horror stories, events where...
CertifID was founded by Lawrence Duthler and Tom Cronkright, experienced attorneys and award-winning business leaders of Sun Title, one of Michigan’s largest title agencies. In 2015, Sun Title fell victim...
Cooperative is aimed at streamlining closings while maintaining security for agents, buyers and lenders. Require Holdings announced that its company, reQuire Real Estate Solutions of Virginia Beach, Virginia, is now in...
When a borrower’s funds disappear at closing, everyone suffers. For the past few years, the favorite topics of the mortgage industry have included regulation and enforcement, the purchase market and...
reQuire, a leading tech-enabled services provider focused on connecting and protecting all parties in a real estate transaction, announced today that it has entered into an agreement to become the...
Fraud is not a new topic for the mortgage industry. But our familiarity with it has, perhaps, dulled our vigilance when it comes to a massive new threat. Wire fraud—perhaps...
Michigan-based titled company is cracking down on real estate fraud with identity confirmation, device authentication and two-factor verification
Title industry experts have unveiled CertifID, a wire fraud prevention platform designed to safely authenticate the identities of transactional parties and share banking information securely. CertifID uses proprietary digital device analysis...
The owners of a Michigan title agency which experienced an $180,000 wire fraud breach in 2015 have developed a platform designed to prevent others involved in the real estate process from...
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