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