Escrow Fraud Schemes Follow a Common Pattern

We’ve all heard escrow fraud stories, and maybe you or someone you know has even had a wire diverted. The details can be pretty freaky. See what you think of this one: A young woman is selling a property and her father is the real estate agent on the deal. The father and daughter hand deliver wire instructions to the …

Escrow Fraud Remains Low Risk, High Reward

Several months ago, title agents across the country observed an uptick in attempted escrow fraud. In many cases, fraudsters posed as other participants in the transaction and attempted to trick agents into wiring funds to fraudulent accounts. The vast bulk of these escrow fraud attempts involved bogus emails. The stories and dollar losses were startling, and the industry responded. Alliant …