How can real estate professionals protect buyers, sellers and agents from the growing threat of wire fraud? In this episode of the Keys to Real Estate podcast, Closinglock Founder and CEO Andy White and host Mary Schuster discussed what industry stakeholders need to know now to secure transactions and customer trust. White explained how Closinglock has helped safeguard more than a million home sales using modernized payment systems designed to defend against sophisticated fraud schemes. The conversation highlights key trends in digital payments, the consequences of outdated practices and the real-world impact of enhanced transaction security. White also outlines how customer satisfaction and fraud prevention go hand in hand — and what the future holds for safe, seamless closings.
Chapters:
00:00 - Introduction to Andy White and Closing Lock
05:10 - The Current State of Real Estate Fraud
8:10 - Estate Planning: Impact on trusts and management
11:00 - Real Estate Pros: Key considerations for agents and attorneys
12:45 - Innovative Solutions for Fraud Prevention
19:10 - Reporting Chain: Understanding responsibilities and roles
20:25 - Real-Life Stories of Fraud Prevention
24:15 - Compliance Tips: Strategies for effective adherence
28:15 - The Future of Digital Payments in Real Estate
39:50 - Data Collection: Importance of timely information gathering
42:50 - Reporting Needs: Obligations and data retention overview
Get In Touch…
To email our guest:
Andy White, andy@closinglock.com
To email the host:
Mary Schuster (Host), mschuster@octoberresearch.com
To find more episodes of “Keys to Real Estate” or learn more about October Research – the nation’s leading independent provider of market intelligence, industry news, expert analysis and regulatory information for professionals in the real estate, title, financial and settlement services industries – visit www.OctoberResearch.com.
Episode sponsored by Closinglock – https://www.closinglock.com
Episode produced by October Research – https://www.octoberresearch.com