First American has released Order Insights, a real-time, transaction-based fraud alert system available to its policy-issuing title agents.
Fraud continues to challenge the real estate industry, with real estate-related fraud losses totaling over $145 million in 2023, according to the FBI’s annual Internet Crime Report.
Order Insights leverages First American’s industry-leading data assets to provide title agents an edge in reducing fraud risk. As a transaction is entered in AgentNet Services, Order Insights automatically validates the transaction data and notifies title agents of file discrepancies and identifies other potential fraud risk indicators.
“Order Insights is another example of First American’s leadership in the digital transformation of title and settlement and our dedication to helping our valued agents protect their clients’ transactions and grow their businesses,” says Stephen Vincini, president of First American Title’s Agency Division, in a release. “Dynamic fraud alerts help our agents deliver the certainty and trust needed to power seamless real estate transactions for their clients.”
In the month of November, Order Insights’ real-time analysis helped protect over 130,000 files, First American says.
The new tool is now included with AgentNet Services, the digital storefront for First American Title’s products and services that launched earlier this year.
