CertifID’s mission is to keep its customers’ money out of the hands of criminals. The company was started after its co-founder was hit by wire fraud, and CertifID has been working to help create a world without wire fraud ever since. CertifID is the only company dedicated to fighting wire fraud for the real estate industry.
CertifID offers the industry’s most comprehensive fraud protection solution, inclusive of identity and transaction verification software, wire fraud insurance and proven recovery services. It protects homebuyers and sellers with software to enable fast verification of banking details before any closing funds are sent. The software incorporates the latest digital device verification and multi-factor and dynamic knowledge-based authentication technologies. It analyzes more than 150 markers of fraud to verify identity and detect fraud in a matter of minutes.
Last year, the company introduced a new product to verify the authenticity of mortgage payoff instructions to ensure payments aren’t sent to fraudsters. PayoffProtect is used by title agencies and real estate law firms to protect escrow funds, reduce business risk and improve operational efficiency. PayoffProtect has been the fastest-growing product in the company’s history.
