WFG National Title Insurance Debuts Cyberfraud Awareness Team

Jan 08, 2019

The Mortgage Bankers Association (MBA) has published “The Basic Components of an Information Security Program,” a free White Paper detailing information security risks that affect the mortgage industry and strategies for managing those risks

WFG National Title Insurance Company has launched a Cyberfraud Awareness Team that will seek to educate consumers and companies involved in the homebuying and mortgage process about the dangers of online and e-mail fraud.

The new Cyberfraud Awareness Team will focus on the potential for fraud during the time when funds need to be wired to settlement service providers. The Portland-based company hired Aaron Cole, a local homeowner who just lost $123,000 in a sophisticated e-mail scam, as the team’s spokesperson—Cole received a bogus e-mail from a scammer using an e-mail address purportedly from WFG for wiring his downpayment. The money went to the scammer’s bank account in Florida and was later transferred to four other banks and then out of the country.

"Unsecure e-mail and mobile devices are particularly at risk, and consumers are vulnerable at emotional times with tight deadlines, such as home closings," said WFG Executive Vice President and Chief Compliance Officer Don O'Neill. "We believe people will pay attention to Aaron's story because they can relate to other consumers who are in the process of transferring funds while purchasing a home."

About the author

Phil Hall

Link copied

Published

Jan 08, 2019

Analysis and Data

World Cup Tickets Outpace Mortgage Payments

Monthly mortgage payments have become the new yardstick for sticker shock

For some World Cup fans, the cost of one seat has climbed into mortgage-payment territory.The World Cup kicks off Thursday in Mexico City, opening a six-week tournament across 16 North American host cities. FIFA expects the event to draw between 5 million and 6 million fans,...

Industry News

President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

President Donald Trump abruptly canceled Wednesday’s planned signing of the 21st Century ROAD to Housing Act, throwing the future of a sweeping bipartisan housing affordability package into uncertainty just hours before it was expected to become law.“Today’s Housing News Con...

Aug

Las Vegas, NV

More from

Tech

Dovenmuehle Launches New Diagnostic Process To Streamline Servicing Transfers

Mortgage subservicer says early-stage assessment helps lenders identify operational risks, improve onboarding efficiency, and reduce transfer-related delays

Tech

Jun 24, 2026

Blue Sage Expands SageVision, UW Studio, Voice AI Capabilities

Latest updates bring embedded AI automation to lending and servicing workflows

Tech

Jun 18, 2026

Mortgage AI Startup Copperlane Lands $4.1M Seed Round

Startup's AI assistant, Penny, aims to automate document collection, borrower follow-up, and file review before loans reach underwriting

Tech

Jun 18, 2026

Pennymac Expands AWS Partnership To Deploy AI Borrower Assistant

Lender says conversational AI will support borrower outreach and application workflows while accelerating cloud modernization of Plaisse