Wire fraud is one of the leading financial threats facing the real estate industry. Business email compromise (BEC) scams resulted in a staggering $396M+ in adjusted industry losses in 2022. As the central figure in the closing process, title & escrow companies must maintain an accurate, real-time understanding of current fraud patterns and risks in order to help mitigate the damage and safeguard their business and their clients.
This survey provides insight into the firsthand experiences of title & escrow professionals across the country. The data gathered helps illustrate persistent areas of fraud, effective countermeasures, and processes that need further fortification.
In this special report, you will learn: