PEAK Escrow Inc

WE'RE MOVING! Starting September 16th, our new address will be: 1947 Camino Vida Roble, Ste 250 Carlsbad, CA 92008 Stop by to see us at our new location!

Finally: Breaking News-- "THROUGH THE WIRE A coalition is debuting today to combat wire transfer fraud that targets prospective home buyers, a fast-growing segment of victims. During such attacks, also known as business email compromise, fraudsters spoof emails to make convincing-looking requests. Stop Real Estate Wire Fraud will announce its formation at a press conference as it also launches an awareness campaign targeting three cities where millenial home ownership is in...creasing: Birmingham, Ala., Pittsburgh and Virginia Beach, Va. The FBI estimated that thousands of U.S. victims lost $149 million to real estate wire fraud in 2018, a 166 percent increase from 2017. Sen. Doug Jones (D-Ala.) will join the group during its announcement today. Coalition members include the American Land Title Association, American Escrow Association, Community Mortgage Lenders of America and Real Estate Services Providers Council." Here is the website: https://stopwirefraud.org/

Finally!: "THROUGH THE WIRE A coalition is debuting today to combat wire transfer fraud that targets prospective home buyers, a fast-growing segment of victims. During such attacks, also known as business email compromise, fraudsters spoof emails to make convincing-looking requests. Stop Real Estate Wire Fraud will announce its formation at a press conference as it also launches an awareness campaign targeting three cities where millenial home ownership is increasing: Birm...ingham, Ala., Pittsburgh and Virginia Beach, Va. The FBI estimated that thousands of U.S. victims lost $149 million to real estate wire fraud in 2018, a 166 percent increase from 2017. Sen. Doug Jones (D-Ala.) will join the group during its announcement today. Coalition members include the American Land Title Association, American Escrow Association, Community Mortgage Lenders of America and Real Estate Services Providers Council." Here is a link to Stop Real Estate Wire Fraud: https://stopwirefraud.org/

Please note the following Counties will be closed on Monday April 1st in observance of Cesar Chavez Day, all others remain open: BUTTE COLUSA FRESNO... HUMBOLDT IMPERIAL MADERA NAPA SACRAMENTO SAN DIEGO SANTA CLARA SANTA CRUZ SISKIYOU SONOMA SUTTER Note: Del Norte and Los Angeles Counties will be observing the Holiday on March 25th and are closed that day.

A new white paper released states anyone in a real estate transaction may be held liable for wire-fraud: https://www.alta.org/news/news.cfm

FBI Makes Progress Combating Wire-Fraud: http://blog.alta.org//federal-sting-disrupts-recovers-14-m

https://www.bankrate.com/online-mortgage-lenders-study/ As stated in this article, more and more lenders are migrating to digital loan processing making processing time faster. A few lenders have moved to a fully digital experience all the way through loan document signing and eNotarization. Several states have already approved legislation to legalize eNotarization. California’s Assembly Bill 2368 would legalize eNotarization in our state if passed this year.

The Nightmare of Wire Fraud: This article lays out a step-by-step story of how a homebuyer was defrauded almost costing him his life savings. At PEAK Escrow I...nc we have security measures in place to mitigate the risk of wire fraud to Buyers and Sellers. Check out our website for more articles and information about us and what we do: www.peakescrow.com https://www.housingwire.com//43411-how-to-detect-mortgage-

Newsflash: New Forms Required by Feds/Title Insurance Companies for All REAL ESTATE SALE/PURCHASE TRANSACTIONS. Failure to provide an Information Collection Form (ICF) will delay closings until all conditions have been met. Good News: PEAK Escrow, Inc. is already aware and working to minimize any disruption to our clients. We are already forwarding the required forms to those affected. It is important that buyers return the forms and copies of required documents as soon ...as possible to avoid delays in the close of escrow. For More Information: Website: peakescrow.com Email: [email protected] Phone: 760-720-9900