CertifID’s mission is to keep its customers’ money out of the hands of criminals. Annually, cybercrime in real estate transactions costs the U.S. $500,000,000. Solving this problem is CertifID’s sole focus. Since 2017, CertifID has been working to help create a world without wire fraud for the real estate industry.
CertifID provides nonstop fraud protection for the entire real estate ecosystem to ensure safer closings. The technology is designed for title companies and law firms to protect homebuyers and sellers, real estate agents, lenders, and their own businesses from buyer funds theft, seller impersonation, payoff fraud and other escalating risks.
CertifID provides a software as a service (SaaS) platform that proactively analyzes markers of risk to verify identities, entities and bank details; direct insurance for up to $2 million per transaction verified by CertifID; and fraud recovery services for rapid incident response.
Last year, CertifID protected nearly 900,000 real estate transactions, identified over $1 billion in suspected fraud and recovered $14 million in stolen funds for fraud victims.
In May 2024, it launched CertifID Match for identity verification. This comes at a critical time to help fight the rise of AI generated deep fakes. Match provides the most comprehensive, yet consumer-friendly, process available for real estate workflows, requiring only a government-issued ID and a smartphone for any individual to be verified within minutes. Additionally, in September 2024, the company announced an expansion to the wire fraud insurance offering that it pioneered four years ago in response to customer demand and rising home values.
