The Fidelity National Title SoCal County Trend report is a monthly reports that summarizes the real estate market within each County. This report is normally updated around the 20th of each month. And, imbedded within each County's report are links to Trend Reports for each individual City within that County.
By Lisa A. Tyler
National Escrow Administrator
What is ID Data Verification? Simply put, identity data verification is an effort to establish data accuracy. It is the process of confirming the integrity and consistency of the data. Verification involves checking data against a set of predefined rules or standards to ensure that it is valid and reliable.
The main objective of data verification is to identify any errors, inconsistencies or discrepancies in the data. In the case of “know your customer,” this would mean verifying that the Personal Identifiable Information (PII) given to you by your client is accurate. Discover more detailed information in the article titled “DATA verification vs. identity document authentication.”
Read “COMPANY signing pen likely saved my life” for the story about one of our most treasured colleagues who was reminded how important our health is to the Company and more importantly, to our friends and family.
All-Star:
Adjective: composed wholly or chiefly of stars or of outstanding performers or participants
Noun: an outstanding or highly regarded performer within a field *Source: Merriam Webster’s Dictionary
All-Star was the theme for the 2023 FNF annual escrow training events. National Escrow Administration chose this theme because of our deep belief our colleagues are the All-Stars in the industry. They differentiate our Company from the competition.
Nationwide, our settlement agents provide a top-notch customer experience which is proven by our market share. They are the best of the best in the industry.
The in-person continuing education training was conducted in several states on 20 different dates. The topics covered many issues related to risk mitigation and loss prevention.
Prior to each event, managers nominated individuals they felt were outstanding performers. At each event, National Escrow Administrator Lisa Tyler read the touching stories written by the managers and presented the winners with an All-Star award.
Although this newsletter features stories of the types of fraud our industry faces, our favorite part is featuring our hard-working employees. Throughout 2024, we will feature our All-Star colleagues. Each month, hear from the managers who nominated them, in the article titled "ALL-stars."
IN THIS ISSUE
By Lisa A. Tyler
National Escrow Administrator
The absentee owner and seller imposter scams do not just affect individual owners of residential properties, it affects entities owning all types of properties, including agricultural land. Discover how a religious ministry had their property stolen out from under them by reading “HOLY moly.”
Orders are down due to rising interest rates and low inventory. Settlement agents, however, should not be so desperate for orders they ignore all the signs of a fraudulent transaction. Find out how an escrow officer was duped into depositing and disbursing against uncollected funds in the story titled “FICTITIOUS checks.”
IN THIS ISSUE
After reading the eleven articles shared this year, readersshould have a general understanding of how criminals and their co-conspirators launder money and how real estate transactions may facilitate their efforts.
Therefore, title companies and settlement agents have beenthe recipient of Geographic Targeting Orders adding additional reporting requirements for certain types of real estate transactions. To wrap up this series of articles on cash reporting, be sure to read “CONCLUSION.”
