LandAmerica Fraud Detection Program Helps Safeguard Revenues and Avoid Costly Fraud Claims
|May 11, 2008|
RICHMOND, Va., -- LandAmerica Financial Group, Inc. (NYSE: LFG) is making its Fraud Detection Program, which helps the company's Agent Partners safeguard their business revenues and avoid potentially costly fraud claims litigation, available nationally for the first time. The program is being introduced nationwide after being successfully tested among Agent Partners in LandAmerica's Northwest Region of operations.
LandAmerica's Fraud Protection Program is the newest of 30 customized solutions delivered through the LandAmerica AgentXtra(SM) Program. For more than three years, this first-of-its-kind program has helped Agent Partners achieve business expansion, boost efficiency, utilize leading technologies and provide better customer service.
LandAmerica's Fraud Protection Program educates Agents Partners on how they can better identify and combat real estate and mortgage fraud. Agent Partners receive this training at no charge through LandAmerica's proprietary Fraud Detection Course. This online course can be completed in as little as 30 minutes and introduces, defines and reinforces the Watch, Wonder, Wave™ methodology for detecting fraud. The methodology teaches Agent Partners to Watch: to recognize red flags of potential deceptive conduct; Wonder: to trust intuition and explore whether the potential fraud may be explained as appropriate, without overreacting; and Wave: to engage supervisors, local counsel and management for guidance how to avoid involvement in potential fraud. The process is simple, easy to remember and can be readily implemented. After completing the course, employees of Agent Partners who identify and prevent fraud in a LandAmerica-affiliated transaction are eligible to receive a $500 award.
"Through the LandAmerica Fraud Detection Program, we are making a tangible effort to diminish claims and associated monetary losses our Agent Partners encounter as a result of fraud," said Ken Astheimer, President - Agency Services for LandAmerica. Astheimer stated that LandAmerica regularly surveys its Agent Partners to find solutions to help them meet challenges in the marketplace and grow their businesses. The LandAmerica Fraud Detection Program was created in response to concerns about fraud expressed by a growing number of agents. For information about the LandAmerica Fraud Detection Program or the LandAmerica AgentXtra Program, contact Jackie Bunting, Vice President - AgentXtra Program Manager, at (804) 267-8442 or firstname.lastname@example.org. About LandAmerica Financial Group, Inc
Source: LandAmerica Financial Group, Inc.