SoftPro recently released an integration with CertifID, a digital identity and verification solution that prevents wire fraud. CertifID validates the credentials of parties in a transaction and securely shares bank details. The integration is backed by up to $1 million in direct insurance coverage on every wire transfer.
“Security of data and client monies is at the forefront of our customers’ minds and critical in their delivery of settlement services, and SoftPro is pleased to offer this new integration with CertifID to that end,” SoftPro Chief Customer Officer Patrick Hempen said in a release. “Any part that SoftPro can play in the security of funds is a high priority in eliminating the horror stories of wire fraud.”
SoftPro 360 allows users to order third-party products and services from a nationwide network of vendors such as CertifID directly through their SoftPro system.
“Wire fraud is the No. 1 issue facing the title industry today,” CertifID CEO and co-founder Thomas Cronkright said. “Last year, cybercrime saw a 69 percent increase, according to the FBI’s recent report, and real estate transactions are a prime target for wire fraud scams. Our integration with SoftPro provides a simple and secure way to make wiring funds safe and efficient.”