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CertifID or Qualia for wire fraud protection?

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A portal isn’t enough to stop fraudsters.

CertifID provides you with more layers of protection:

Education | Software & Analytics | Direct Insurance | Recovery Services

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Why is CertifID the most complete solution for real estate and title?

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Why it matters

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Company focus

The risks are constantly evolving. You need a company with constant focus and expertise in fighting fraud.

CertifID has provided wire fraud protection since 2017.

Qualia provides title product software (TPS) and launched Qualia Shield for wire fraud protection in 2023.

Freedom of choice

You need flexibility to pick the right partners for your specific needs.

CertifID provides a consistent anti-fraud protocol regardless of what TPS or underwriter you choose to work with, including Qualia.

Qualia Shield is only available for users of Qualia Connect or Atlas.

Sharing bank details

Real estate transactions have become a top target of BEC.

Clients receive a text or email to verify identity and then access or share bank details. No logins required.

Clients create logins to a portal to connect bank account information.

Identity verification

Authenticating all parties in the transaction will help prevent impersonation fraud.

Verifies government-issued IDs from nearly 250 agencies and governments worldwide.

Verifies US and Canadian DMV-issued IDs only.

Mortgage payoffs

Payoffs are the single biggest disbursement risk to your business.

Risk assessment for wiring instructions based on our proprietary decision engine. If needed, our team will complete callbacks for you.

PayoffProtect helps customers verify over 97% of payoff transactions, nearly all instantly.

Evaluates wiring instructions for the risk of fraud via an assessment that includes routing number, account number, and review of other fraudulent patterns.

Ask Qualia about their verification rates.

Direct insurance

Insurance allows the transfer of your risk to a vendor partner - ensuring you’re covered, no matter what.

Customers receive up to $2M in direct first-party insurance for every wire transfer verified by CertifID. The company also maintains robust insurance as part of secure business practices, including additional third-party coverage.

Check with Qualia to see if they provide coverage beyond third-party E&O, which is often less reliable for reimbursement in wire fraud cases.

Education

Awareness plays a critical part in spotting and preventing fraud.

CertifID provides newsletters, webinars, annual reports, and other resources at no cost.

These resources are shared widely across the industry, with consumers, and in the press.

Qualia Shield is only available as part of the Qualia TPS.

 
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Our customers say it best:

 

The Cohen Closing & Title teams rally around CertifID for payoffs and peace of mind.

Kelly Cohen

Owner at Cohen Closing & Ttitle, LLC



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CertifID focuses on stopping wire fraud and nothing else. 

Ready to discuss how we can help?