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Being responsible to send borrower wire instructions ...
Posted by BobbiCT of CT on 10/12/17 6:46am Msg #584579
Call your hiring company and tell them about the call. WAY OVER my personal liability.

Daily I receive e-news and alerts about various wire fraud scams, including security needed when sending and receiving wire instructions. Where I am, ours are super password protected and require a telephone call to a specific number (GIVEN OVER THE PHONE, not in an e-mail) to verify the information in the document.

Simple question for you: How do YOU KNOW that instructions in your package are still correct? Maybe they weren't sent because 1) there has been a change in the figures that does not require a re-draw, just a revised CD or 2) the escrow account or agent has changed since the documents were drafted.

Note. Most of the hacks appear to be through the individual client's e-mail; i.e., it wasn't the title company, lender or the law firm, the damage was done by a hacker squatting on an individual's e-mail account and just waiting for the right opportunity to strike - then having more than enough "facts" to imitate a party to change wire instructions either incoming to the borrower or outgoing from the borrower. The "squat and wait" hacker is more scary to me.
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Messages in this Thread
 so, just had another first..... - notarydi/CA on 10/11/17 10:39pm
 Re: so, just had another first..... -  Cheryl Elliott on 10/11/17 11:43pm
 Re: so, just had another first..... - pdl/cali on 10/11/17 11:57pm
 Re: so, just had another first..... - Susan Littlefield on 10/12/17 12:03am
 Re: so, just had another first..... - pdl/cali on 10/12/17 12:05am
 Re: so, just had another first..... - Susan Littlefield on 10/12/17 12:10am
 You aren't 'escrow'...they need to do this - Lee/AR on 10/12/17 6:31am
 Re: You aren - Susan Littlefield on 10/12/17 7:45am
 Being responsible to send borrower wire instructions ... - BobbiCT on 10/12/17 6:46am
 NOOOOO you can't - Luckydog on 10/12/17 7:39am
 Re: NOOOOO you can Yep. n/m - Susan Littlefield on 10/12/17 7:46am
 Re: NOOOOO you can Yep. - Luckydog on 10/12/17 7:55am
 end of the story..... - notarydi/CA on 10/12/17 8:59am
 thanks everyone for the responses.... - notarydi/CA on 10/12/17 9:03am
 Love happy endings....have a glass of wine tonight n/m -  Cheryl Elliott on 10/12/17 9:11am
 Re: end of the story..... - Luckydog on 10/12/17 11:56am
 Re: end of the story..... -  JanetK_CA on 10/12/17 2:59pm
 Re: NOOOOO you can Yep. - Susan Littlefield on 10/12/17 9:18am
 So glad they took us out of all that in VA. n/m - NVLSlady/VA on 10/12/17 1:24pm
 Re: So glad they took us out of all that in VA. -  Claudine Osborne on 10/12/17 9:36pm



 
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