Title insurers continue to face significant challenges due to fraud and forgery cases, which not only lead to high claims expenses and losses but also are among the most frequent types of claims. This trend highlights the ongoing need for vigilance and robust risk management strategies within the mortgage industry to combat these fraudulent activities effectively.
Key elements of the text:
– Fraud and forgery cases are top contributors to claims expenses and losses for title insurers
– These types of claims are also among the most common in the industry
– Vigilance and strong risk management practices are essential in combating fraud and forgery within the mortgage industry.
You can read this full article at: https://www.housingwire.com/articles/fraud-forgery-claims-are-costliest-expenses-for-title-insurers/(subscription required)
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