RamQuest has integrated SafeWire into its closing platform, the companies announced.
The integration will enable RamQuest customers to access SafeWire’s wire fraud prevention tools from within the RamQuest’s Closing Market application.
“We’re committed to developing integrations that empower our customers to grow their business,” RamQuest Chief Security Officer (CSO) Ben Cork said in a release. “The SafeWire integration is just one example of this and gives RamQuest customers an easy solution to securely communicate sensitive information, verify bank accounts, and ultimately deter fraud.”
SafeWire said by digitally identifying all transaction participants it assures agencies that the information cannot be tampered with or intercepted by unauthorized parties.
“Improving functionality for RamQuest clients will be essential as we look toward eliminating wire fraud,” SafeChain Chief Technology Officer Rob Zwink said in a release. “We know human error accounts for the majority of wire fraud detection failure. Consequently, ensuring that agencies’ escrow and closing teams can access SafeWire within RamQuest’s Closing Market provides the ideal connection. It enables agencies to reduce their exposure without making major changes in their processes.”