"Kammerdeiner noted that success in overcoming these hurdles must be measurable. If we deploy these technologies, and at a future date, we are able to look back and observe that we can close real estate transactions more cheaply and efficiently [than today], that would be a measure of success, he says. Likewise, if we can say in the future that AI and blockchain are effective at mitigating the risk of seller impersonation fraud, that would also be a success metric."
"Tory Ricalis, CEO and co-founder at Titl, warned that the technological gap between criminals and regulators is widening. The criminals are often way ahead in terms of the use of technology than where a specific industry is, he says. We've seen various instances of people assuming people's identity via AI, their voice, sorting documents, passports, driver's licenses, signatures, you name it. That is all very real, and it's occurring daily, and we're going to see it more and more."
Local recorder systems vary widely across counties and lack integration and standardization. This fragmentation raises costs and makes detecting risks like forgery and seller impersonation more difficult. A 2025 Milliman and ALTA analysis shows fraud and forgery claims account for a large share of title insurer losses, with average claim costs near $143,000 for purchase transactions and $207,000 for refinances. Success requires measurable outcomes, including cheaper, more efficient closings and demonstrable reductions in impersonation fraud through AI and blockchain. Criminals are adopting advanced technologies rapidly, exploiting paper-based processes and widening the gap with regulators.
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