Searching for solutions: Escrow theft and the rise of closing protection

Concern about escrow fraud has industry members and regulators searching for a solution that will protect consumers and industry members from losses. While many potential solutions, or pieces of solutions, have been suggested, one that is getting some traction is the use of closing protection letters to ensure that, should something happen at closing, the insureds can be made whole. Read on to find out about a movement toward closing protection.