Good morning!We had something happen this week, and I wanted to share it with you as a cautionary tale.
I had a borrower that was about to close on their purchase loan.
The title company contacted her about where to send the money.
…except it wasn’t the real title company. It was a fraudulent crook acting like the title company.
She ended up wiring the crook $24,000.
The FBI is involved and it’s a big thing…
This sort of thing is a problem in our industry right now. If you are going to wire money make double sure it’s going to the right place. …Or, you might just want to bring a cashier’s check instead of a wire.
That’s it for today!
Thanks for reading!
Brett