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...
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...
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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