Fraud at the Closing Table: How AI is Changing the Game

When did fraud get this sophisticated? Over the past two years, AI has turned familiar schemes like wire fraud, seller impersonation, and phishing into far more convincing and harder-to-catch attacks. This session breaks down what has changed, what title agents are up against today, and the practical steps you can take to stay ahead of it. Specific topics include: Why title companies are prime targets for fraud Traditional fraud tactics AI-powered threats Real-world fraud cases from 2023-2024 The Settlement Agent Protection Playbook Tools and technology available to help verify identities and prevent wire fraud Chapters: 00:00 - 01:01 - Why are title companies targeted? 03:08 - What does modern fraud look like? 05:27 - Business email compromise(BEC), keyloggers and malware 08:37 - Traditional data scraping, social engineering and phishing 10:18 - Fraudulent checks and check washing 11:50 - Wire fraud in real estate transactions 14:45 - Traditional seller impersonation fraud and fake IDs 16:47 - Identifying high-risk transactions 19:17 - AI-powered fraud threats 20:17 - AI-powered data scraping 22:27 - AI-enhanced social engineering attacks 23:10 - How AI enhances BEC, phishing and wire fraud 25:08 - AI-generated fraudulent documents 28:01 - Understanding deepfakes 35:47 - AI voice cloning 40:29 - Real world cases of AI fraud in real estate 46:04 - The Settlement Agent Protection Playbook 51:33 - Questions