Doma Title Insurance, Inc. Partners With Intellicheck to Offer Title Agents an ID Verification Tool to Combat Rising Real Estate Scams
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2024
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Source: Newsfilter
Partnership for Fraud Prevention: Doma Title Insurance has partnered with Intellicheck to provide its agents and attorneys with a free tool that helps detect seller impersonation in real estate transactions, aiming to combat the rising trend of fraud and forgery.
Impact of Seller ID Fraud: Seller impersonation scams are increasingly costly, representing 30% of claims paid by Doma in 2023, with significant financial losses for title insurers and property owners; the new verification technology is expected to prevent such fraudulent activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
