The closing wire-fraud verification procedure every deal needs.
A fillable procedure that maps controls to the five-stage wire-fraud kill chain, gives buyers a print-ready verification script, sets out the brokerage and title-agency control stack, and includes ALTA Best Practices Pillar 3 attestation prompts for title agencies. Built for brokerages, transaction coordinators, and title / escrow agencies.
What's inside
Seven sections — built around the only step that actually stops the wire.
The procedure is short, named-roles, and printable. The buyer-side verification script in §3 is meant to be handed out at the listing agreement and again at every wiring instruction. Print it. Send it. Make it boring.
- 1Brokerage / title-agency profile & named roles
- 2The 5-stage wire-fraud kill chain & controls
- 3Buyer-side verification script (printable handout)
- 4Brokerage & title-agency control stack
- 5ALTA Best Practices Pillar 3 attestation prompts (title agencies)
- 6Wiring-instruction verification log
- 7Adoption & principal sign-off
The procedure is a printable web document. Use your browser's Print → Save as PDF to keep an offline copy.
Why this matters
The biggest single client loss in real estate — and the most preventable.
It's the FBI's top property-loss cybercrime
FBI IC3 has tracked real-estate / rental wire fraud as one of the largest single property-loss categories every year — with reported losses regularly exceeding $400M annually and most cases never recovered.
Underwriters are tightening
Title underwriters increasingly require ALTA Best Practices Pillar 3 alignment and evidence of a documented wiring-instruction verification procedure as a condition of underwriting and closing-protection-letter issuance.
The verification step is the whole defence
Every recovered wire-fraud near-miss has the same shape: someone picked up the phone and called a known number before sending the wire. The procedure makes that step the default, not the exception.
Want the controls behind the procedure?
Kapacyber runs the day-to-day security operations behind every row of this procedure — MFA on every inbox, lookalike-domain detection, DMARC/DKIM/SPF enforcement, ALTA Pillar 3 WISP build, and a documented incident response plan for the moment a buyer reports a wire that may have already gone.