Wire fraud continues to be an issue. When a scammer commits wire fraud on your clients, they intercept emails and track frequently visited websites in an attempt to compromise the wire transfer. Here are a few helpful tips that your clients need to know so that they can better prevent wire fraud from happening.
- Have your clients call their settlement agent directly to confirm their wiring instructions.
- Never accept wire instructions via email or telephone call from anyone. Contact your Fairway Independent Mortgage Corporation representative with questions or concerns.
- Be sure that your clients confirm all details associated with the wire transfer, including the account number and the name exactly as it appears on the account.
- After the transfer, your client will need to verify with the title company or their settlement agent that the transfer was a success.