Real Estate Wire Fraud Prevention
Heritage Title Company is protecting you and your clients with Closinglock.
What is Closinglock?
Closinglock is the leading online platform for protecting your clients from real estate wire fraud.
How does Closinglock Work?
To utilize the platform, Heritage Title will need the client’s cell phone and email address.
- You will receive a text/email notification that wire instructions are available.
- Use any device to securely log into Closinglock’s portal.
- Download the correct, verified wire instructions.
Wire fraud is a serious problem.
Cyber criminals target you and other real estate transaction participants in order to steal funds that are being transferred during closings. They hack emails, impersonate title companies, and spoof your real estate agent in an effort to trick you into sending funds to fraudulent bank accounts that they control. In 2021, cyber criminals stole over $350 million from 13,638 real estate fraud victims.
Do not trust wire information outside of Closinglock.
Do not trust anyone who reaches out to you in an attempt to provide wire instructions. This includes phone calls, emails, links, attachments, letters, etc. If you have any questions, call your title company on a phone number that you get directly from their website.
As always, THANK YOU FOR ALLOWING HERITAGE TITLE COMPANY THE OPPORTUNITY TO
COMPLETE YOUR TRANSACTION. WE LOOK FORWARD TO WORKING WITH YOU!