
"Fidelity National Financial (FNF) has partnered with CLEAR Secure to use biometric identity verification in real estate transactions to mitigate real estate fraud, the companies said Wednesday. The initiative integrates CLEAR's identity platform into FNF's inHere digital system, which manages title and escrow processes. Leaders said the move is intended to address rising cases of real estate fraud, particularly impersonation and wire fraud in property sales."
"Buying or selling a home is an important milestone in life and people deserve to feel safe every step of the way, said Caryn Seidman Becker, CLEAR's chair and CEO. By combining CLEAR's identity platform with FNF's industry-leading technology, people and title insurance, we can help ensure every buyer and seller is who they claim to be. FNF said it began rollout of the program in select markets in July and will take insights from that trial into account before expanding."
"Our partnership with CLEAR demonstrates our ongoing commitment to innovation and our dedication as an industry leader to stay ahead of emerging threats, FNF CEO Mike Nolan said. By integrating CLEAR's biometric technology directly into our operational processes and our inHere platform, we're reinforcing the essential role that title insurance and title companies play in the real estate ecosystem."
Fidelity National Financial partnered with CLEAR Secure to add biometric identity verification to real estate transactions. The integration embeds CLEAR's identity platform into FNF's inHere digital system that manages title and escrow processes. The initiative aims to counter rising real estate fraud, especially seller impersonation, fraudulent communications and wire fraud during property sales. CLEAR's platform, used by more than 33 million members in North America, will provide a biometric verification layer to confirm buyer and seller identities. FNF began rolling out the program in select markets in July and will refine expansion based on trial insights. FNF also implemented education programs and reduced reliance on email during transactions.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]