MMLA Virtual Education Series: Wire Fraud

May 27, 2020
12:00 PM - 1:00 PM



Join us to hear how to protect your business and your clients from falling victim to Wire fraud!

Sponsored by:  

LOAN CLOSING WIRE FRAUD is rapidly growing as criminal enterprises become more sophisticated with Business Email compromise (BEC) & Email Account Compromise (EAC) schemes.  The growth in these schemes has been  targeted at business and consumers with a growing focus on the real estate sector. 

Fraudsters have been successful in gaining access to 'funds wiring instructions' sent to the consumer and the Lender by posing as a Settlement agent responsible for the loan closing.

The '2019 FBI Internet crime report' states losses associated with BEC and EAC losses exceed $1.7 Billion. 

The mortgage industry moves millions of dollars daily via wire transfer.  Fannie Mae (please insert the FM trademark)  and the CFPB have published recommendations on how to detect and prevent wire fraud. 

What operational procedures do you have in place to identify fraud associated with 'funds transfer instructions'? 

Join us on May 27th at noon to learn about PitchPoint Solutions Automated Wire Transfer risk protection products.  This LOS integrated service was developed to reduce the labor intensive manual tasks associated with validating the Settlement Agent and Bank Account number within the wiring instructions.


Thank you to the West Chapter for hosting this webinar! 

Wednesday, May 27 at Noon

The webinar is free** for MMLA members and $20 for a non-members
**Members - in lieu of a registration fee, please consider making a contribution to MORBANPAC

*Note: Registration link will be sent out the day before the webinar.

MORBANPAC is the non-partisan political action committee of the Michigan Mortgage Lenders Association. It operates at the state level to support elected officials and candidates whose philosophies and positions support the real estate finance industry.   Even during these tough financial times, this is still an election year and we need YOUR support to help us support candidates who are helpful to our mortgage industry.


Full Partners:




$0.00 Free Member Ticket

$50.00 Free Member Ticket and $50 MORBANPAC Donation

$100.00 Free Member Ticket and $100 MORBANPAC Donation

$250.00 Free Member Ticket and MAC $250 Club Donation

$20.00 Non-Member Ticket

$0.00 Additional MORBANPAC Donation

Platinum Corporate Partners