Old Republic Title and CertifID Sign Agreement to Combat Mortgage Payoff Fraud

AUSTIN, Texas & TAMPA, Fla.--(BUSINESS WIRE)--CertifID, a leading wire fraud protection company, today announced a new strategic agreement with Old Republic Title to prevent mortgage payoff fraud in the title industry. Fraud has become an increasing source of loss in the real estate sector, reaching $446M in a recent FBI public service announcement. About 17% of title companies have sent money to an incorrect account due to fraud, and 49% of those organizations have done so more than once, acco