THEY WILL ATTACK

It’s just a matter of time before your business is targeted by Cybercriminals

HOW IT HAPPENS – It’s a nightmare scenario for any lender and homebuyer: right before closing, a scammer manages to trick the homebuyer into wiring their down payment and the lender’s mortgage loan proceeds to a bogus account. Neither the lender nor the homebuyer realizes that a closing agent was hacked and now someone pretending to be them has misdirected the funds. The deal is lost, the lender loses out on business, their reputation is now in question, and the misdirected loan proceeds is an immediate financial hit to equity. Last year alone, the FBI reported over $1Billion stolen through mortgage wire fraud scams that affected thousands of Americans. 

Wire fraud cases continue to grow in the United States, rising to over 10 times higher than the previous years. The FBI has also warned several times that email compromise schemes are spiking, many of which include this type of real estate fraud.

REAL TIME CYBER THREAT ALERT
by Kaspersky

OUR SOLUTION

Conducting business electronically is best when you know all parties involved. As the saying goes, “know your customers, know your counterparty”, but in today’s world, that is not always the case. In today’s business environment where information is immediately available, to be fully compliant with regulators and best business practices lenders are required to know the entities providing services to them, to make sure they are fully compliant with all regulations, and to have a clean business background.

Dytrix Counterparty Management Systems provides a customized solution for lenders, giving them the ability to organize and qualify their closing agents and appraisers. This ensures safe business online and mitigates their risk with each transaction.

OUR COMMITMENT

We are committed to helping make the internet a safe place to do business.

Help us clear the internet and make doing business online a safe and reliable process without the fear of being scammed or losing your client’s money.

Call Now To Schedule A Demo (610) 960-3748

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EMAIL: info@dytrix.com | PHONE: (610) 960 3748