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.

 

  1. Have your clients call their settlement agent directly to confirm their wiring instructions.
  2. Never accept wire instructions via email or telephone call from anyone. Contact your Fairway Independent Mortgage Corporation representative with questions or concerns.
  3. 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.
  4. After the transfer, your client will need to verify with the title company or their settlement agent that the transfer was a success.