PayoffProtect validates the authenticity of wiring instructions to ensure payments aren’t sent to fraudsters.
Request a DemoInput wiring details, PayoffProtect does the rest.
CertifID status is achieved via the proprietary PayoffProtect solution.
Say goodbye to time-consuming and risky payoff verification.
Verification rate
Transactions protected
Amount of fraud caught
No, PayoffProtect validates the accuracy of wiring instructions to ensure that a payoff wire is legitimate and not fraudulent.
Because check fraud has been on the rise, even this method may not keep you safe, and can get costly at an average of $25 per overnight check.
Any payoff pertaining to a mortgage, HELOC, or commercial loan should be submitted into PayoffProtect. Any payment being sent to a personal account should use the CertifID core product to confirm those wiring instructions.