Solving FinCEN & Stopping Fraud Through an All-in-One User Experience

Fraudsters love complexity. Every time you introduce a new vendor, a new link, or a new software to a buyer during the closing process, you create an opening for a phishing attack or wire fraud. If a consumer receives an "out of the blue" email from a random vendor asking for sensitive beneficial ownership information, they are trained to be suspicious, or worse, they might become desensitized to clicking unknown links.

The best way to reduce fraud risk is to reduce the number of vendors your consumer interacts with. CloseSimple offers an all-in-one solution that ensures consumers have a familiar and trusted user experience from start to finish. When your FinCEN data collection lives in the same white-labeled portal as your wire instructions and ID verification, the consumer knows they are in a safe environment.

By providing a single, secure, company-branded portal, you eliminate the confusion that often leads to security lapses. You aren't asking them to jump through different hoops for different parts of the transaction. Instead, you are providing a "Pizza Tracker" for title that guides them through every step, including FinCEN, in a way they recognize.

A trusted and familiar experience is your best defense against fraud. CloseSimple helps you maintain that trust by consolidating fragmented systems into one secure home for all consumer interactions. Protect your clients by keeping your process simple, branded, and unified.

Schedule a demo to see how CloseSimple can help you with FinCEN and Fraud Prevention.