Mortgage payoffs have become the biggest cause of wire fraud loss in the real estate industry. Now, you can purchase the industry’s most comprehensive insurance to reduce this risk.
Each payoff wire transaction covered by the solution includes:
Up to $1M in coverage when verified using CertifID PayoffProtect.
Up to $350k in E&O coverage from Riebling Insurance for all FNF authorized title agencies at no cost.
Up to $150k in further coverage through Riebling Insurance for nominal cost.
Then select a time that works for you.
Input wiring details, PayoffProtect does the rest.
CertifID status is achieved via the proprietary PayoffProtect solution.
Say goodbye to time-consuming and risky payoff verification.
Michele Green, SVP National Agency Operations at FNF walks agents through the latest wire fraud threats, the risks of inaction and the numerous ways in which everyone can be more proactive in protecting their clients and business.
You’ve probably heard the rumors about insurance companies paring back coverage as fraud risks grow. And you’re probably asking yourself - do I have enough coverage?