SoftPro announced the release of a new ionFraud enhancement to Fidelity National Financial’s (FNF) agentTRAX integration in the SoftPro 360 vendor portal.
The ionFraud tool is designed to assist FNF Family of Companies Underwriting Brands’ title agents in identifying possible fake sellers and to help combat seller impersonation fraud.
“As fraudsters continue to focus their sights on the real estate industry, SoftPro is pleased to partner with agentTRAX to provide our mutual customers with the ionFraud tool to help identify and prevent fraud and ensure the legitimacy of their transactions,” SoftPro Chief Customer Officer Patrick Hempen said in a release.
Through the ionFraud functionality in the agentTRAX integration, FNF Family of Companies Underwriting Brands’ title agents can generate a property report that provides key information for identifying possible seller fraud as well as a letter to the property owners verifying their knowledge of the real estate transaction.
The ionFraud integration supports automation functionality in SoftPro’s Select edition for submitting a request based on specific actions within the order and accepting data and documents into the order without having to manually review the data and documents. ionFraud also includes tips from the Secret Service to further help title agents identify potentially fraudulent transactions.
“The FNF Family of Companies, as the nation’s largest title insurance provider through its title insurance underwriters, also has access to the largest network of real estate data,” FNF President of National Agency Operations Joe Grealish said. “Being able to pull relevant data together from several different sources, and the ability to deliver that data in an easy to interpret manner, is critical for title agents. That is what ionFraud will do for our title agents, and having this information readily available will assist both FNF and our agents in combating seller impersonation fraud.”