In 2019, the Federal Trade Commission reported that it received 3.2 million fraud reports. They stated that “ Wire transfers continue to be the most frequently reported payment method for fraud, with a reported aggregate loss of $439 million.
”During your escrow transaction, information is shared between your escrow company, real estate agents, title company, and lender. It is of utmost importance to make sure the chosen team has security protocols in place for sending secure information. Still, it is also essential to verify essential details through known telephone numbers. We live in an age where technology makes things easily accessible; however, sometimes easy is NOT better. Always take the extra time to call to confirm wire information.
Sepulveda Escrow employs multi-level security policies to ensure your information and funds are safe. Please get in touch with us today to find out more.