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Identity and Wire Fraud Are a Problem the Industry Cannot Ignore

Monday, December 18, 2017   (0 Comments)
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Fraud is not a new topic for the mortgage industry. But our familiarity with it has, perhaps, dulled our vigilance when it comes to a massive new threat. Wire fraud—perhaps more accurately called identity fraud—has exploded recently, both in frequency and complexity. It is no understatement to say that we, as an industry, are woefully unprepared for it. Worst of all, many of us don’t even acknowledge wire fraud as a top concern. If this describes you or your business, please consider the following a wake-up call to a trend that may already be an epidemic. [more]

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