Mortgage Minute - Wire Fraud
Media Type |
audio
Categories Via RSS |
Business
Careers
Investing
Publication Date |
Mar 20, 2024
Episode Duration |
00:04:19

This episode is also sponsored by PearsonRavitz– helping physicians protect their most valuable assets. 

In this Mortgage Minute, Doug Crouse from BMO Bank highlights the importance of diligence and caution during the closing process to prevent falling victim to fraud. He shares an incident where hackers compromised a realtor's email and attempted to divert funds by providing false wire instructions. 

Doug advises homebuyers to verify any requests for money by directly contacting their lender or title company, especially if the instructions seem suspicious. 

He emphasizes the significance of confirming details before wiring large sums to ensure security and prevent potential losses.

This episode currently has no reviews.

Submit Review
This episode could use a review!

This episode could use a review! Have anything to say about it? Share your thoughts using the button below.

Submit Review