The intent of CertifID’s new software is to fill a risk-gap in the payoff process between title companies and lenders. Cases have increased of criminals impersonating banks and mortgage lenders, requesting fraudulent payoff requests from title companies.
Source: Inman News
CertifID gets tougher on wire fraud with PayoffProtect
Published in CertifID, fraud, mortgage payoff, News Brief, payoff scams, Select, Technology and wire fraud
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