Solution by Industry: Title Insurance
Title Security is More Than A ‘Gut Feeling’
Validate Every ID Without Inconveniencing Customers
Title insurance companies are among some of the most vulnerable to fraud because of the simplicity of the identity validation process. Often, a visual scan and manual record of an ID is all that stands between an individual and a title insurance policy.
By creating easy, hassle-free experiences for customers, companies can actually leave themselves more open to fraud potential. Strike a balance between great customer service and smart, safe business processes with accurate, fast, and reliable identity verification from Intellicheck.
Increase Security and Convenience
Intellicheck’s Digital Identity Document Validation technology more reliably identifies fake or stolen IDs, better aligns with customer expectations, and fits seamlessly into your business processes and capabilities to save you money and time.
Intellicheck helped stop an estimated $45,427,000* in title fraud-related losses in 2023.
*Based on a median U.S. house price of $436,800
“Tennessee Title Services has implemented the use of Intellicheck into our closing process.
We encourage you to join us in taking this necessary step towards a more secure closing.”
Traditional title insurance processes may seem easier to execute, and may be cheaper, but they are far riskier and overall more costly due to title fraud potential. Protecting your company and your customers from fraud is worth the adoption of new technology that integrates right into your processes.
Cover Your Bases
Fake IDs aren’t the risk when it comes to title fraud. Fraudsters can conduct phishing or vishing attacks to access personal information and create fake IDs. With identity validation, you can protect all sensitive and personal customer data from theft, and keep your company’s reputation safe as well.
Stay One Step Ahead
As identity fraud becomes more sophisticated, there are only benefits to adopting identity verification technology. Title companies can choose when in the title process to check IDs, and the Intellicheck app can be launched right away from a phone or tablet, with no special technology required.