Wire Transfer Fraud
Wire Transfer Fraud is a growing crime that costs mortgage lenders billions of dollars per year. Protect your transactions from wire transfer fraud with the UniversalCIS Wire Transfer Risk Report.
- Provides key information on the settlement company and/or agent to ensure compliance with the CFPB and investor requirements
- Validates account ownership and status to verify new account information without delaying funding
- Verifies account holder name, routing number, and account number against current information using a secure financial network for thousands of lenders
- Tests the title insurance agent license or attorney bar card status for sanctions, exclusion list matches, and derogatory remarks
The Wire Transfer Risk Report is easy to use and integrates with most LOS systems. See how you can get started today.