With an estimated $12 billion* lost to fraud last year, it's time we put an end to it
The absence of multi-factor authentication in real estate transactions has created a multi-billion dollar opportunity for criminals. A simple solution in part to this costly issue exists, at least from a real estate perspective—mandating multi-factor authentication (MFA) in all real estate transactions.
Don’t rely on inadequate ID verification methods—our DIACC certified solution, VerifID, validates data against multiple data sources, which we use to underwrite a title insurance policy.
A preventative solution at one affordable price.
Real estate fraud is on the rise, and we're passionate about stopping it. We created VerifID to be an affordable solution, easily applied across all real estate transactions.
At just $25** per report, it's ordered easily with your Chicago Title Insurance policy. Our trained underwriters interpret the complex data in real-time, work with you to reconcile inconsistencies and give you the final report.
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*The Canadian Anti-Fraud Centre estimates only 5-10% of people report fraud. We can therefore estimate the true number of fraud cases to be 519,990-1,039,980 million, which represents total losses of $6.45-$12.89 billion.
**Plus applicable taxes.
VerifID is a service by Chicago Title Insurance Company. This material is intended to provide general information only. Prices and products are subject to change without notice.
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