Smart Phone Deposit Apps Open Door to Potential Fraud

August 30, 2011

Title and settlement agents must beware of a new scam where customers deposit a check using a smart phone deposit application and then return asking for a wire.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.