HousingWireHousingWire
Title technology provider Settlor has integrated CertifID’s wire fraud prevention tools into its cloud-based title production software, the companies announced Wednesday.
The move is intended to streamline security measures for real estate transactions by allowing users to access CertifID services directly within the Settlor platform.
The integration allows Settlor users to verify wire instructions, protect payoffs and insure verified wires without switching to a separate application. The platform also automatically pulls in available order information to reduce manual entry during the verification process.
“The integration came about in response to customer feedback, which is a core component of our design and improvement process. We have no doubt this partnership will provide our clients a new level of security using CertifID’s fraud prevention tools without adding unnecessary complexity to their operations,” said Mike Patterson, co-founder and application architect at Settlor.
The integrated solution is now available to Settlor users nationwide.
“CertifID appreciates the focus by Settlor on providing advanced wire fraud prevention features to customers,” said Tyler Adams, CEO and co-founder of CertifID. “By making CertifID capabilities easily accessible to more title agents with our integration with Settlor, we are another step closer to our vision of helping to create a world without wire fraud — one real estate transaction at a time.”
The Boston division of the FBI recently sounded the alarm over a rise in home title theft — also known as quit claim deed fraud — a scheme in which scammers forge documents to steal property ownership and cash in on unsuspecting homeowners.
