Permission Code Smart PINs eliminate the ability for criminals to reroute money during real estate closing transactions.

REAL ESTATE FRAUD

Problem:

  • Real estate escrow accounts are exposed when fraudsters change wire transfer disbursement instructions to reroute money. Attorneys and title companies that manage escrow accounts are at risk.

  • According to the most recent FBI data, $969 million is annually “diverted or attempted to be diverted” from real estate purchase transactions.

Solution:

  • Require Permission Code Smart PINs from anyone providing new or changed wire instructions.

  • Using their smart phone, legitimate parties can easily provide secure payment details. The escrow holder can confirm the instructions are authorized and came from the correct party.

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