Posted by Eric Andrist on 10/28/13 11:35am
Msg #489996
Fidelity National Financial and Background checks
I know this has been talked about in other posts, but wanted to add an article I just found.
I just got an email from Executive Notary Services talking about notaries having to have a background check through NNA or Sterling in order to do signings for FNF.
I just found an article about FNF that says:
Brokers Getting Secret Payments Through Real Estate Software
California prosecutors have stumbled across a neat little real estate scam.
Title insurance companies are using software used by real estate brokers to facilitates unlawful secret payments to the brokers for the referral of business to title insurers and other providers.
Last week, Jacksonville, Florida-based title insurance company Fidelity National Financial settled a case brought by the district attorneys of San Diego, Ventura and Los Angeles counties.
Fidelity National Financial will pay $873,588 to settle the charges.
In the civil complaint filed under California’s Unfair Competition Law, the district attorneys alleged that Fidelity National operated a software platform — called Transaction Point — for real estate brokers and other settlement service providers in California.
The state alleged that the system facilitated unlawful secret payments to the brokers for the referral of business to title insurers and other service providers.
http://www.corporatecrimereporter.com/news/200/realestatebrokerscalifornia01242013/
If they are doing that, it wouldn't surprise me if they haven't worked up some "deal" with NNA and Sterling.
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