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estcor Land Title Insurance Company has introduced val-Wire, a wire verification tool designed to safeguard title agents from real estate fraudsters. This innovative solution leverages advanced technology and data validation to ensure the legitimacy of wire instructions before funds are transferred.

    Powered by GridBase's engineering expertise, val-Wire empowers title agents with an additional layer of security when validating wire transactions. By integrating seamlessly into existing workflows, this tool enables agents to authenticate financial transactions quickly and accurately.

    By combining val-Wire with its companion solution, val-ID, Westcor addresses two high-risk areas of the transaction: individual identity verification and wire instruction validation. This dual-layered approach strengthens security at critical touchpoints, providing title agents with a comprehensive fraud prevention solution.

    "Wire fraud is a top concern for our industry, and we're committed to providing innovative solutions that mitigate these risks," says Michael Schefstad, Westcor's chief financial officer. "The launch of val-Wire marks an important step forward in safeguarding real estate transactions and giving our agents the confidence they need when verifying wire instructions."