DomiDocs Upgrades Property Fraud Protection System
October 29, 2024
DomiDocs Inc. released an update to its AI-powered residential property fraud protection system.
According to DomiDocs, many U.S. companies and counties offer home title locking and monitoring services, but these are typically reactive, only alerting homeowners after fraud has already occurred.
The company said its HomeLock 3.0+AI takes a proactive approach, scanning public and private databases, purchase and sale sites, social media, and rental sites by parcel number and address to detect fraud with advanced algorithms.
HomeLock 3.0+AI introduces a new threat severity rating system, providing homeowners with insights into their property’s risk level. Additionally, an intuitive glossary of alert definitions helps users easily understand the nature of potential threats. Real-time, proactive alerts are now sent via email, text message and even phone calls, empowering homeowners to take immediate action.
In addition to its direct-to-consumer availability, HomeLock 3.0+AI is now integrated with SoftPro, making it available on 50% of all real estate closings nationwide. This integration ensures uninterrupted property fraud protection for the homeowner post-closing, HomeLock said.
“As cyber criminals evolve, so do we in a big way,” said William McKenna IV, CEO of DomiDocs. “HomeLock 3.0+AI is built by homeowners, for homeowners and is part of three flagship products available on our Homeowner Enablement Platform. Our platform does not just protect against fraud, it also provides tools for homeowners to mitigate risk, reduce expenses, and enhance property values, all through our cloud-based system.”
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