Wire fraud continues to be a major threat to real estate transactions, with billions lost annually—many during residential mortgage closings. As trillions of dollars flow between lenders, title agents, attorneys, and escrow officers, bad actors exploit weak links in email systems and identity verification processes to intercept funds. This session explores how robust third-party risk strategies, identity verification, and modern wire verification tools can help prevent financial losses and protect consumers.

In this session you will:

• Examine the growing threat of wire fraud in mortgage transactions and its impact on banks and consumers
• Learn how third-party vetting, risk monitoring, and KYB/KYC tools reduce counterparty risk
• Understand barriers to adoption of fraud prevention tools and how to encourage education, training, and procedural changes in the industry