Articles from CertifID

CertifID, a leader in wire fraud protection for the real estate industry, announced Tuesday that it has acquired Paymints.io, a solution that enables digital money transfers by title companies, law firms, and real estate brokerages. The acquisition marks a significant step forward in CertifID’s position as the most trusted partner for the industry to secure real estate transactions.

CertifID, a leader in wire fraud protection, announced up to $2 million in direct, first-party insurance coverage on every wire transfer that is verified by the company. Thursday’s announcement is the result of increasing transaction sizes being processed by residential and commercial real estate businesses and is backed by the largest insurance marketplace in the world.

CertifID, a leading wire fraud protection company, today announced a new strategic agreement with Old Republic Title to prevent mortgage payoff fraud in the title industry.

CertifID, a leading wire fraud protection company, today released its 2024 State of Wire Fraud report detailing a comprehensive examination of wire fraud in the real estate sector. The report, which delves into the latest threats to real estate wire transactions, the impact on consumers, and consumer awareness, comes as multiple government agencies have tracked real estate fraud’s rise and its $446M in resulting annual financial losses.1

CertifID, a leading wire fraud protection company, today announced new survey data that shows the prevalence and acceleration of seller impersonation fraud attempts against U.S. property owners.

CertifID, a leading wire fraud protection company, today announced $20M in new funding. CertifID’s Series B raise was led by Arthur Ventures, which also invested in CertifID’s $12.5M Series A in May 2022.

CertifID, a leading wire fraud protection company, today announced that its PayoffProtect mortgage payoff verification product tracked a 5x increase in mortgage payoff fraud attempts from Q1 to Q2 2023. CertifID also predicts that losses are slated to accelerate as July’s numbers show similarly elevated levels of payoff fraud attempts, an early indication of potential for major losses in Q3 2023.

CertifID, a leading wire fraud protection company, today announced that it has been chosen by Acrisure, a global Fintech leader, to protect its Title Insurance clients from payments fraud. The preferred partnership includes CertifID’s fraud detection software, access to fraud recovery services, and up to $1M in payment insurance on every validated transaction.

CertifID, a leading wire fraud protection company, today announced that it has been chosen by Shaddock National Holdings, a full-service title agency with operations across the U.S., to deploy its solution across Shaddock National Holdings’ portfolio of title and escrow agencies. By implementing CertifID’s software, insurance, and recovery services, the partnership provides Shaddock National Holdings’ agencies with a stronger safeguard against real estate-related payments risk.

CertifID, a leading wire fraud protection company, today announced the availability of an identity verification solution to help title agencies and real estate firms combat seller impersonation fraud. The solution augments CertifID’s existing capabilities that evaluate more than 150 markers of fraud, including the verification of wiring instructions and bank account information.

CertifID, a leading wire fraud protection company, today announced a report that found that real estate transactions are putting U.S. consumers increasingly at risk. The consumer-edition of the State of Wire Fraud report, which is based on proprietary data from CertifID’s wire fraud protection and recovery business, found that consumer real estate payments represent the most frequent target of wire fraud in 2022, with cybercriminals targeting buyer cash-to-close payments in particular.

CertifID, a leading wire fraud protection company, with partner Riebling Insurance today announced newly expanded coverage against the risk of mortgage payoff fraud for FNF Family of Companies authorized title agencies.

CertifID, a leading wire fraud protection company, today announced its State of Wire Fraud report which details CertifID’s view into $1.4B worth of suspected fraud across more than 340k wire transactions. The report, which is based on proprietary data from CertifID’s wire fraud protection software and recovery services engagements, also found a 145% YoY increase in instances of reported wire fraud into the company.

CertifID, a leader in wire fraud protection, today launched another technology solution breakthrough for the real estate industry with the unveiling of PayoffProtect, which gives title, escrow and settlement companies peace of mind by preventing property loan payoffs from being sent to fraudsters. Today’s announcement comes on the heels of its recent $12.5 million Series A funding by Arthur Ventures, known for leading investments in high-growth, capital-efficient business-to-business software companies.