Being scammed in 2019 can happen very easily. In our tech-driven world, there are many avenues that scammers can use to take advantage of us. Using smartphones, computers, and other advanced tech, they will do whatever it takes to steal your hard earned money. This can happen in many different ways, including sending an email, calling or texting you, or (recently) creating a fake bank.
At the beginning of the year, we wrote a blog called "Wire Fraud is on the Rise” and we’d like to remind you that we have partnered with Qualia, the real estate software that offers the best technology for us to be the safest we can during the closing process.
Recently The Office of the Comptroller of Currency (OCC) issued a release saying that an entity using the title "First National Bank," reportedly located in Minneapolis, MN, misrepresents itself as a national bank. It indicates to be a financial institution that offers business banking services. However, the OCC says it is not a licensed or chartered bank. There are two telephone numbers to look out for:
If this fake bank has victimized you in any way, please contact the Better Business Bureau (BBB), Federal Bureau of Investigation Internet Crime Complaint Center, Federal Trade Commission (FTC), National Consumers League (NCL), or U.S. Department of the Treasury, Office of Inspector General (OIG).
Scammers will also keep a close eye on how close you are to closing on your new home. Once that time approaches, they will contact you from an email, or phone number that is similar to that of your agent. if the scammer doesn't get in contact with you, they will even text you in order to appear more realistic. If you are contacted by one of these illegitimate persons, contact your agent immediately.
Here are some other helpful tips we shared on our blog "Wire Fraud is on the Rise" that you should follow.
"Keep your email accounts safe, using strong passwords that include 12 characters or more. Utilize all of the following when creating a password: Uppercase & lowercase letters, numbers, and special characters (!@#$). Do NOT use your email on public devices. Refrain from telling the world about your closing... Last, but not least, when you meet with your closing agent, keep the phone number you receive directly from them handy, and use it to verify any closing instructions or bank account numbers that you have been sent over email or text."
Please understand that anyone can be the victim of a scam, which is why we want to make sure that we have the best available technology to secure the closing process for you. Qualia offers customer isolation, data encryption, firewalls, spoofing and sniffing protections, port scanning, harden hosts and configuration scanning and history. All of that just falls under infrastructure and network security. They also offer secure design and frameworks, security testing, and vulnerability disclosure. Qualia takes security and quality of service very seriously! We are excited to be able to offer you their unparalleled platform, making your closing experience the absolute best available. If you have any further questions or you're ready to get started, please contact us today.