Stewart Partners With CertifID
October 29, 2020
Stewart has entered into a partnership with CertifID that enables the underwriter’s direct offices and independent agencies in its Trusted Provider network the ability to securely connect and send wire instructions to customers.
“Wire fraud is a critical issue facing the title industry, especially with so many remote transactions occurring today,” said Steve Lessack, group president of Stewart’s direct operations. “At Stewart, we are committed to protecting our customers’ interests and this partnership with CertifID is just another way we are stepping up to combat wire fraud, making the entire real estate closing process safer for everyone.”
Tara Smith, group president of Stewart’s agency operations, added, “Providing innovative solutions to our independent agency partners is part of our commitment to becoming the premier title services company. Our partnership with CertifID delivers independent agents with the tools to protect both their customers and themselves from the threat of wire fraud.”
CertifID’s patented solution helps protect businesses and consumers from fraud by securely transferring bank account information. Since its launch two years ago, CertifID has safeguarded more than $30 billion in wire transfers and is protecting lenders, title companies, buyers and sellers nationwide.
"Real estate-related wire fraud continues to rise, increasing the risk to businesses and consumers who depend on companies like Stewart and its independent agency partners to safeguard their finances," said Tom Cronkright, CEO and co-founder of CertifID. “By leveraging our technology, Stewart is adding another line of defense in its fight against these criminal enterprises. We are proud to be a trusted partner of Stewart.”
Contact ALTA at 202-296-3671 or communications@alta.org.