Fidelity National Title Group Announces New Program to Curb Mortgage Fraud
June 26, 2007
JACKSONVILLE, Fla.,-- Fidelity National Title Group today announced a new product offering that will help its customers protect against mortgage fraud. The new partnership with Experian Consumer Direct(SM) will offer customers one year of credit monitoring, fraud resolution assistance and a credit report at no cost.
We recognize that mortgage fraud and identity theft are a growing concern not only for our industry, but for our customers as well," said Randy Quirk, co-president of Fidelity National Financial. "Our business is protecting the largest financial transaction most Americans make in their lives -- buying a house. Now, when our customers purchase title insurance from participating locations of our companies -- Fidelity National Title, Chicago Title, Ticor Title, Security Union Title or Alamo Title -- they will receive a one-year membership to Experian Consumer Direct's CreditCheck® Basic at no cost."
Fidelity National Title Group's offering is the first of its kind in the title insurance industry, providing customers with daily monitoring of their Experian credit report, a comprehensive Experian credit report delivered online and e-mail alert notifications to inform them of key changes to their Experian credit report including new inquiries, newly opened accounts, delinquencies, address change and public record items. Toll-free support from fraud resolution representatives and educational information also are included in the year-long credit monitoring membership.
"Consumers are often most at risk for identity theft after a big transaction -- such as buying or refinancing a house," continued Quirk. "Every day, our title insurance providers are doing all they can to combat real- estate fraud. Our products protect a homeowner's future by insuring the ownership of their home. It was a natural fit for us to partner with Experian to provide our customers with a reliable product to continue monitoring their credit after the transaction, empowering them to further protect their identity and investment."
"Our credit monitoring products give consumers peace of mind knowing that we monitor their credit report on a daily basis and will alert them of any key changes that could be a result of fraud or identity theft," said Ty Taylor, president of Experian Consumer Direct. "We are proud to join Fidelity National Title Group in its campaign to protect consumers and stifle mortgage fraud across the United States."
Fidelity National Title Group plans to roll out this offering in the coming weeks to California and Texas, quickly followed by expansion in the states where Fidelity National Title Group companies offer title insurance. Implementation of the program in various states may require, and is subject to, appropriate regulatory approval.
Source: Fidelity National Financial, Inc.
Contact ALTA at 202-296-3671 or communications@alta.org.