Qualia Launches New Wire Fraud Detection Product for Title Companies
SAN FRANCISCO, Oct. 3, 2023 /PRNewswire-PRWeb/ -- Qualia, the leading digital real estate closing platform, today announced the release of its newest product, Qualia Shield. Qualia Shield is a funding and disbursement product for title and escrow companies who want help in their efforts to simplify their accounting processes and protect their business against fraud. Marquee features of Shield include earnest money deposit (EMD) collection, automated wire matching, wire-sending integrations, wire fraud detection, and seller ID verification.
- Qualia Shield provides title companies with the first fully integrated funding, disbursement, and fraud detection product.
- Marquee features of Shield include earnest money deposit (EMD) collection, automated wire matching, wire-sending integrations, wire fraud detection, and seller ID verification.
- "We developed Shield to combat wire fraud through a fully integrated approach, aiding title companies in offering a unified, elegant, and secure client experience," said Charlotte Brown, Vice President of Product at Qualia.
- In support of title and escrow companies' efforts to combat wire fraud, Qualia Shield provides agents with the ability to securely collect and share wire instructions with buyers and sellers, as well as assess the wire instructions they collect for risk of fraud.