Lending, Servicing, Investments, Real Estate
CertifID is a wire fraud prevention platform designed to safely authenticate the identities of the parties of a transaction and allow them to share banking information securely. The platform, which launched in October 2017, uses proprietary digital device analysis and knowledge-based authentication sequencing, providing a guarantee up to $500,000.
CertifID’s technology verifies the identity of an individual, such as a participating escrow officer, buyer, or seller, along with their relevant bank account credentials, enabling those involved in a real estate transaction to transfer funds securely. CertifID saw an immediate interest in the technology. The company grew 700% in its first four months and is in varying stages of rollout with some of the industry’s top eight title underwriters.