CertifID Protects $1.2 Billion-Plus in Wire Transfers – NMP
Tech

CertifID Protects $1.2 Billion-Plus in Wire Transfers

Jan 18, 2019
CertifID has announced a key milestone. From late 2017 to December 2018, the system has protected more than $1.2 billion from wire fraud

CertifID has announced a key milestone. From late 2017 to December 2018, the system has protected more than $1.2 billion from wire fraud.
 
CertifID offers instant protection on money transfers by confirming the identities of both parties in a transaction. With a guarantee of up to $1 million on each deal, funds can be transferred with trust. The system has also stopped $40 million in high-risk wire transfers. In the same period, more than 40 communications devices from foreign nations have been identified. Many of these devices were attempting to circulate wiring instructions fraudulently.
 
“The numbers are clear,” said Thomas Cronkright, CertifID  CEO and Co-Founder. “CertifID is an effective safeguard against wire fraud. Although the threat continues for any business using wire to transfer funds, these statistics show that there is a way to protect against it. Education, awareness and technology are the best lines of defense against the ever-growing threat of fraud.”
 
About the author
NationalMortgageProfessional.com
Link copied
Published
Jan 18, 2019
Get the NMP Daily
Sales and Marketing
How Originators Are Getting First-Time Buyers To The Closing Table

Three originators shared their first-time buyer strategies during the latest installment of NMP Ignite

The Loan Originators helping first-time buyers in 2026 are not relying on a better mortgage rate to solve every affordability problem.During the latest NMP Ignite webinar, three originators shared distinct approaches to getting buyers to the closing table, from structuring s...

Continue reading
Regulation and Compliance
ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

A key housing-supply provision in the 21st Century ROAD to Housing Act may be too small to unlock meaningful purchase inventory in most markets, according to a Realtor.com analysis.The provision ties a portion of municipalities’ Community Development Block Grant funding to h...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Tech
Carrington Closes Valon Mortgage Acquisition, Nears 2 Million Serviced Loans

Deal adds approximately 810,000 loans and clears the way for Carrington to make ValonOS its core servicing platform

C-Suite Strategies
Aug 05, 2026
Secure Insight Brings Closing Guard To SettlementOne Platform

Integration gives Encompass lenders access to settlement-agent risk assessments and verified wire instructions through their existing SettlementOne workflow

Tech
Aug 05, 2026
Rocket Pro Broadens Refi Pricing Push, Extends 100-BPS Purchase Credit

August Power Play reaches beyond cash-out refinances while pairing near-term pricing incentives with a longer-term broker technology play

Wholesale
Aug 04, 2026
Adwerx Adds Canva Integration For LO Ad Campaigns

The integration lets mortgage professionals move Canva designs into targeted advertising while preserving lenders’ compliance-review controls

Tech
Aug 04, 2026
MeridianLink Buys Credit Mountain To Turn Loan Declines Into Future Business

The acquired technology keeps rejected applicants connected to their lender while they work toward eligibility, creating a potential pipeline of mortgage-ready borrowers

Tech
Aug 03, 2026
Optimal Blue Adds VantageScore 4.0 To Pricing Platform

Lenders can use VantageScore 4.0 in Optimal Blue’s mortgage pricing, eligibility, hedging, trading, and MSR valuation workflows

Tech
Jul 31, 2026