General World News

CertifID and Old Republic partner to prevent fraud

Wire fraud prevention firm CertifID and big four title firm Old Republic have entered into a strategic agreement to prevent mortgage payoff fraud, according to an announcement on Thursday.

Mortgage payoff fraud occurs when a title company mistakenly sends payoff funds to a fraudulent bank account after receiving wire instructions that appear to be from the mortgage servicer. The instructions, however, are actually from fraudsters.

“Old Republic Title continues to focus on innovation to enable the success of our direct and agency operations,” Carolyn Monroe, the details ⇒

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