SoftPro has announced an integration with CertifID, a digital identity and device verification solution used to prevent wire fraud. Settlement agents who use SoftPro can quickly send, confirm, or collect wiring instructions for secure transfers through the SoftPro 360 business exchange portal.
CertifID validates the credentials of parties in a transaction and securely shares bank details. The integration with SoftPro eliminates the time-consuming manual processes and callback procedures and 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," stated Patrick Hempen, SoftPro chief customer officer. "Any part that SoftPro can play in the security of funds is a high priority in eliminating the horror stories of wire fraud," Hempen added.
A free tool to SoftPro users, 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. The secure transfer and sharing of data allowed by SoftPro 360 eliminates errors resulting from rekeying of data and saves time by eliminating phone calls.
"Wire fraud is the number one issue facing the title industry today," said Thomas Cronkright, CEO and co-founder of CertifID. "Last year, cyber-crime saw a 69% increase, according to the FBI's recent report, and real estate transactions are a prime target for wire fraud and scams. Our integration with SoftPro provides a simple and secure way to make wiring funds safe and efficient."
Are you new to SoftPro 360? Learn more about SoftPro 360 and how to get started using it in your SoftPro software.