Resources

Ticor Fraud Insights

Publisher: Fidelity National Financial. Editor: Lisa A.Tyler | National Escrow Administrator

Working from home? Getting used to a new work environment is stressful and somewhat overwhelming for settlement agents who are used to collaborating constantly with their colleagues and customers in their office space…
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The Company has put several securities in place so settlement agents who are permitted to work from home can access tools they need to conduct closings — such as email, production systems and document storage systems — using a virtual…
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InfraGard is a partnership between the FBI and members of the public. The InfraGard program provides a means for public collaboration with the FBI, resulting in the timely exchange of information. The group offers learning opportunities relevant to…
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The efficiency of computers has enhanced our productivity. Each day, there are new opportunities in our industry utilizing robots and technology. Let’s review the history of robots…
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Social media offers opportunity to connect online with others anywhere in the world. People young and old use social media to meet other like–minded individuals. This virtual method also provides new ways for people to be taken advantage…
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Social media can provide opportunities for fraudsters to create online identities solely for the purpose of tricking victims. They use the information posted to victims’ profile pages to “romantically” manipulate them. They move quickly…
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A real estate investor we will call by the fictitious name of “Mac Aroni” contacted Tanya Banovac, V.P. and Branch Manager of Lawyer’s Title of Arizona, Inc. He needed her assistance with the purchase of several acres of vacant land in a remote…
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Bitcoins have come a long way since we first published an article on the topic in July 2013. At the time, bitcoin was only valued at $114.50. Since then, the value has jumped to an astonishing high of $19,650 in December 2017 and down to $3,400…
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In 2019, we published a series of articles reinforcing the value of title insurance — our core product. Title insurance is an amazing, unique product which protects the American dream of homeownership. The national escrow administration team is… READ MORE>>

Gabriela “Gabby” Soto, Assistant Vice President, Assistant Branch Manager and Escrow Officer for Fidelity National Title Agency, was hard at work clearing title for a refinance. The Commitment for Title Insurance revealed the borrower had… READ MORE>>

Colorado residents can create an electronic version of their Colorado driver’s license or state identification card. They are available in Colorado through the mobile app, myColorado™… READ MORE>>

According to Cyber Security experts, when e–skimming occurs, an online shopper’s credit card information is skimmed from the merchandise checkout page. Then it is stored and sold in bulk on the dark web or used to make new purchases… READ MORE>>

Mike Quinones, Title Officer for Chicago Title Company, was examining the chain of title for a cash out refinance. A mortgage broker opened the order. The new loan amount was $700,000. Usually this mortgage broker’s deals are seamless with…

Cloudy with a Change of Fraud: In 1955, Hale and Wendy Storm purchased a property which was the last time a transfer of title involving this property was part of an insured transaction. That was 64 years ago. Since then, a lot has happened. The chain of…

Dirty Rotten Grandson: Below are the cast of the characters in this story:
Son: Chris P. Bacon (also referred to as “the younger Bacon”)
Father: Oscar M. Bacon…

What is an iBuyer? An iBuyer is a company that uses algorithms and advanced technology to discover homeowners who are in the market to sell their homes. Eighty–seven percent of all home buyers start their search for a new home on the internet…

Not all cases of elder abuse are easily discernible. Many of our elderly customers are very competent and cognizant during the closing; they are aware of the transaction they are consummating and understand the implications of signing the…

An elderly customer, born in 1943, was selling his home and came to Elizabeth Garcia’s office in Kingman, Arizona, to finalize the transaction. Elizabeth had concerns about the seller’s competency, since she had received several phone calls…
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Kelly Kretchmer, with Fidelity National Title in Redding, California, dealt with a situation that quickly spiraled out of control. An elderly mother was selling her property for $150,000. The closing proceeded as normal until the…
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Diana Hoffman, Corporate Escrow Administrator, realizes that every time she purchases a new device — whether it be a robotic vacuum, her Amazon Alexa device or Amazon Ring Video Doorbell — it is always a humbling experience…
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In this issue…

Two separate homebuyers involved in two separate home purchases were scammed out of a combined total of $391,500. Both homebuyers sent wire transfers to what they thought were the trust accounts of the title companies closing their transactions…
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In September 2015, a Tucson, Arizona resident contacted local law enforcement and the FBI to report the theft of their closing funds in the amount of $189,500. The would–be home buyer had wired the closing funds to a bank account…
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Christine Champion, Escrow Officer for Lawyer’s Title in Phoenix, was working on a sale transaction. She scheduled a mobile signing agent to meet with her seller who was located in Pennsylvania. The appointment was set…
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In order to talk cyber, the world has had to create a new vernacular to describe new electronic documents and processes, especially those surrounding a real estate transaction, which has historically been paper intensive. Below are definitions to…
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