Pacific First Financial Real Estate Loans, Inc.- Sheila Martelaro

Two in one day! Spreading the love.

It makes us happy to make our clients happy

We just recieved the most thoughtful gift from a client, it's a "Happy Client Cake"! It is so cute we had to share it.

Avoid the Wire Transfer Fraud scam- A warning from Stearns Avoid the Scam Wire Transfer Fraud: A New Twist ... At Stearns, the security of our clients and your customers is a top priority. We wanted to advise you that there continues to be wire transfer fraud focused on customers involved in mortgage transactions. In addition, there has been a new twist that we wanted to make you aware of, along with some tips you may want to pass along to your customers. The Scam Hackers often attempt to divert closing proceedings from title companies, attorneys, banks, and Realtors’ email with wiring instruction changes. The thieves, who compromise buyer and seller email accounts to intervene when a wire transfer is about to happen, are stealing thousands of dollars through these wire transfer scams. There is a new twist in this thieves will call the victim first as a cold call notifying them that there has been a change and to look out for the email with the new instructions. Tips for Consumers Verify Wiring Instructions Changes Customers receiving requests for changes to the wiring instructions should verify the change with all of the involved parties using telephone numbers previously provided. Under no circumstance should wiring instructions be changed based on a cold call alone. Do Not to Accept Wiring Instruction Changes through email Hackers target emails with wiring instructions. They use the information to send a modified email with updated directions for wiring money into their personal account. Never accept directions to modify a wire transfer from any email. Watch for Name & Location Discrepancies Be extremely wary of wires going to any account that is not in the name of the escrow company or attorney. Also, be suspicious of any account with a geographic location different than the sellerand never to those outside of the United States. There are possible explanations for different names and odd locations, but these red flags should be explored in detail, not via email.