UYB #27 Let's talk about Wire Fraud Protection
Welcome to our podcast dedicated to protecting your finances from the looming threat of wire fraud. Today, we're joined by Justin Munizzi from Munizzi Law Firm to delve into this critical topic and arm ourselves with knowledge.
In Segment 1, we'll unpack the essence of wire fraud in real estate, examining its definition, impact, and alarming statistics from 2023.
Moving to Segment 2, we'll explore the pivotal role of professionals in thwarting wire fraud, from title insurance underwriters to innovative services like SAFEvalidation and FundingShield.
In Segment 3, we'll discuss cutting-edge solutions and technologies, including the battle against spoofing and advancements like First American Title Insurance Co.'s wire verification service and Qualia's Wire Fraud Detection.
Finally, in Segment 4, we'll outline best practices for businesses, agents, buyers, and sellers to safeguard against wire fraud. Tune in to stay ahead of the curve and protect your financial transactions.
