Real Estate Tip of the Week: Wire Fraud Security
Cybercrime is scary – and with one of the fastest growing cybercrimes in the U.S. being wire fraud in real estate, AmeriTitle has stepped their game up to better protect your transactions.
According to FBI data, there were more than $221 million in losses back in 2019.Wire fraud is a serious thing, so it’s important that we take this cybercrime seriously.
To protect you and your assets, AmeriTitle partnered with CertifID – the nation’s leading wire fraud prevention solution.
CertifID adds an additional level of security to your transactions. Let’s show you how it works:
- Your escrow agent will send you your wiring information through CertifID.
- CertifID confirms your identity and receipt of wiring details with security questions and two-factor authentication.
- Parties will receive confirmation that the transaction is guaranteed by CertifID.
This process helps protect all parties involved by insuring that closing funds are safely transferred and received. Every CertifID transaction is backed by a $1,000 guarantee, at no cost to you.