The company says its software locks down the typically manual process surrounding the payoff request with machine learning to verify the wiring instructions
Former Massachusetts broker Michael Flavin will serve 30 months in federal prison for convincing buyers to give him deposits for homes that were not for sale
Eliminates the need for paper checks by allowing title and real estate agents to request and receive electronic disbursement of earnest money and cash-to-close funds within the platform
The complaint alleges negligence and breach of fiduciary duty after an unknown third party impersonated the brokerage's title company and sent the buyers fraudulent wiring instructions
Opinion
It isn’t safe to be on the internet, but that is where business comes from these days. Here's what to look out for and ideas for keeping yourself safer from online predators
'Fraud is at an all-time high as global criminal networks prey on the shift to virtual communications and electronic transfers ignited during the Covid-19 pandemic' — Tyler Adams
Payload's functionality focuses on quickly and safely sending earnest money, broker invoices and any other form of transaction within the context of conducting real estate business
Opinion
A 2021 survey showed that 1 in 3 real estate transactions were targeted by cyber criminals. Real estate agents can no longer afford to ignore the threat or meet it with a one-line warning at the bottom of their email signature
The new automations should help Qualia users communicate more easily, and are also designed to protect against wire fraud
In addition to title fraud, a new report by FundingShield also noted a 90% increase in state licensing issues between the second and third quarters of 2020
Opinion
As real estate deals continue to be handled online and at arm's length, wire fraud risk has nowhere to go but up. ClosingLock is aiming to stop it
StartSafe, which debuted in February, is meant to make real estate transactions faster and safer. FNF announced Tuesday that it has sent the product to 800,000 consumers
Opinion
I went in search of an agent the old-fashioned way, by asking for recommendations. Six agents ended up replying, and I sent them each 61 questions. Yes, 61.
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NAR General Counsel Katie Johnson and NAR Associate Counsel Charlie Lee update Realtors on legal issues that could hit their pocketbooks