SESSION 1 — 30 mins, credit 0.50
Wire Fraud (Oct 2019)
Real estate wire fraud is a sophisticated scam targeting individuals making wire transfer payments during the home buying process. Unknowingly, victims send wire transfers to the account of criminals who pretend to be real estate professionals involved in the transaction. FBI data shows 11,300 victims lost a combined $149 million in 2018. Learn how to protect your clients from this financial fraud and make sure you follow best practices.
Originally presented at: Sep 2019 Mortgage Lending and Servicing Institute