Sample Wire Fraud Warnings You Can Use

July 25, 2017

Title professionals are encouraged to remind clients about the risk of wire fraud. To combat this problem, title and settlement companies have:

  • put consumer warnings on websites and communications OO used secured email  communications
  • sent notices to consumers and real estate agents informing them that the title companies’ wire instructions will never change during the transaction
  • called homebuyers and real estate agents on a known number to verify wire instructions before transmitting
  • verified account holder information with the receiving bank prior to submitting a wire transfer

Here are examples of warnings to put in email signature lines:

  • Be aware! Online banking fraud is on the rise. If you receive an email containing WIRE TRANSFER INSTRUCTIONS call us immediately to verify the information prior to sending funds.
  • Due to increased fraud, buyers, sellers and lenders should confirm all wiring instructions by phone directly with our office before transferring funds. 
  • WARNING! WIRE FRAUD ADVISORY: Wire fraud and email hacking/phishing attacks are on the increase! If you have an escrow or closing transaction with us and you receive an email containing Wire Transfer Instructions, DO NOT RESPOND TO THE EMAIL! Instead, call your escrow officer/closer immediately, using previously known contact information and NOT information provided in the email, to verify the information prior to sending funds.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. 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.