Collecting and disbursing good funds: Defending against the scam artists

Mortgage fraud and cybercrimes are rampant across the United States. In a down economy, escrow accounts are an easy target for criminals who want to make some fast cash. In this ever changing environment, it’s important to make sure the funds your agency is handling are good, collected funds in order to protect your company from being left holding the bag. Because this environment is constantly evolving, The Legal Description spoke with several underwriters to provide guidance for agents on steps they need to take at each stage of the process to minimize their exposure to the scam artists.