VIRGINIA BEACH, Va., Feb. 1, 2018 /PRNewswire/ — reQuire, a leading tech-enabled services provider focused on connecting and protecting all parties in a real estate transaction, announced today that it has entered into an agreement to become the Premier Distribution Partner for CertifID.
CertifID’s patent-pending technology harnesses billions of digital records and Internet metadata to confirm the identity of an individual and the device one is using in the course of the transaction. Once the identity has been established, bank account information is shared, credentialed and confirmed by the person who will be receiving funds from a real estate transaction. The entire certification process takes less than two minutes and each wire is insured for up to $500,000.
The partnership affords clients a robust risk mitigation offering during the closing process by combining reQuire’s established suite of title curative, release tracking, document and search services with CertifID’s cutting edge identity and account confirmation platform.
“Anyone who has read the stories related to wire fraud in the real estate industry in the past year knows that this has become an epidemic. We wanted to take action to help bring even more certainty to the closing process by getting out in front of the problem, and providing our clients with an established solution from a partner we can trust,” says Require Holdings CEO, Al Will.
Tom Cronkright, Co-Founder and CEO of CertifID shares in Will’s excitement.
“Wire fraud is enveloping the real estate industry, and it’s not just borrowers who are at risk,” Cronkright says.
“Mortgage lenders, real estate professionals and settlement services firms all require better means of verifying identity as fraudsters grow increasingly sophisticated in their craft. By collaborating with an industry leader like reQuire to get the word out there, we’re taking another major step in the battle to educate the industry as well as empowering it to take protective measures,” he continues.
For more information on reQuire’s partnership with CertifID, or to get started, please visit gorequire.com/services/certifid.
About reQuire Real Estate Solutions
Headquartered in Virginia Beach, Virginia, reQuire Real Estate Solutions is focused on connecting and protecting all parties in a real estate transaction. The Company’s team of legal, real estate and technical professionals developed the first web-based release tracking and reporting service to quickly and accurately secure paid-off mortgage notes. This patented approach bridges the information gap in the title industry, and resolves on-going