With real estate fraud and forgery at an all-time high, Doma Title Insurance, Inc., the nation’s 8th largest title insurer, has partnered with Intellicheck, an industry leader in digital and physical identity validation solutions, to offer Doma’s independent title agents and approved attorneys a tool to detect seller impersonation.
Doma is providing its agent and attorney customers with access to Intellicheck’s web-based solution that validates, analyzes, matches and de-risks the identification credentials of parties involved in a real estate transaction. The powerful tool is being offered at no cost to Doma agents who are signing documents as part of a Doma-insured transaction.
Read also – [Funding news] RetiSpec Secures $10 Million USD Series A Funding
Emilio Fernandez, President of Doma Title Insurance, Inc said, “Doma agents are on the front lines of preventing fraud, and Intellicheck arms them with a tool to stop fraud before a transaction even occurs,” “We are proud to partner with our agents in not only reducing seller impersonation scams, but also protecting a homeowner’s or property owner’s most significant investment.”
Intellicheck’s on-demand, digital and physical identity validation solutions now scan over a third of the U.S. population every year. Intellicheck’s solutions serve major ecommerce and retail commerce businesses, financial services companies, law enforcement and government agencies across North America.
Intellicheck CEO Bryan Lewis said, “The nationwide surge in real estate scams are a serious threat to transaction security and consumer confidence. We are proud to partner with Doma Title Insurance to deliver the highest level of security that assures peace of mind for title agents and their customers with Intellicheck’s industry-leading rapid, accurate identity verification technology that engages good customers with a seamless onboarding experience,”.
A rising trend that is costing title insurance companies and homeowners billions of dollars in losses each year, seller impersonation fraud is a real estate scam in which a fraudster poses as a property owner to illegally sell – without the true property owner’s knowledge or involvement – residential or commercial property.
Sophisticated fraudsters often use the property owner’s Social Security and driver’s license numbers in the transaction. In many cases, fraudsters use email and text messages to communicate with the title agent, allowing them to mask their true identities and commit crime from a remote location.
About Doma
Doma is making title and escrow a simpler, seamless process for lenders, agents and homebuyers across the country. We build transformative technology driven by our passion to improve the customer experience.
About Intellicheck
Intellicheck is an identity company that delivers on-demand digital identity validation solutions for KYC, fraud, and age verification needs. Intellicheck validates both digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce, and retail commerce businesses, law enforcement and government agencies across North America.
