Stewart Title Reduces Wire Fraud through Partnership with CertifID
An East Rockaway attorney and resident, Marc Rovner has been the general counsel and director of business development at Beta Abstract, LLC in Oceanside since 1998. For his work as an attorney in the insurance industry, Marc Rovner was given the 2018 Pacesetter Award and the 2018 and 2019 Guarantee Heritage Award by Stewart Title Insurance Company.
In an October 2020 press release, Stewart Title Insurance announced its partnership with CertifID to help reduce the incidence of wire fraud. Incidentally, Stewart Title Insurance is considered the leading provider of underwriting and settlement services for both commercial and residential real estate.
Wire fraud is one of the real estate industry’s priorities because of the number of transactions that are handled remotely. Real estate fraud continues to rise, but CertifID’s patented product has helped businesses safeguard more than $30 billion in wire transfers, protecting lenders, buyers and sellers nationwide, and title companies-including Stewart Title.