Mortgage Payoff Fraud Is Spiking – Up 532%
Home sales are way down but fraudsters are not hitting the brakes on mortgage related fraud. A new CertifID report finds that fraudsters are shifting their tactics and resorting to more lucrative mortgage fraud schemes including diverting closing funds. The firm caught $1.9 million in attempted mortgage payoff fraud in Q1 2023. By Q2 of […]