SAN DIEGO--(BUSINESS WIRE)--Title Lock, the leading title fraud detection company, is now offering its proprietary title fraud monitoring and alerting system via desktop and mobile platform to home and property owners nationwide. The revolutionary platform is designed to help any property owner actively protect themself from falling victim to title fraud, a growing issue that accounts for $5 billion a year. A first-of-its-kind system, Title Lock offers a unique approach to protecting customers by monitoring both active and inactive deeds to title documents using a database of 5.5 billion title assets from the leading and largest title insurance companies nationwide.
“Mortgage fraud is categorized as the fastest-growing white collar crime in America,” said Harish Chopra, president at Title Lock. “The truth is that county recorder offices, where home title documents are filed, are inundated with thousands of document filings each day, making it difficult to detect fraudulent activity. And while homeowners can have traditional title insurance, it’s only effective when a property sale title or refinance title is active. Our monitoring and alerting service protects homeowners at all hours of the day and detects disturbances to the more than 250 types of title documents files, both active and inactive, to give property owners peace of mind.”
Mortgage and property fraud are becoming increasingly common in the U.S. and typically occurs in three easy steps: 1) con artist picks a home, vacated or not; 2) they assume the homeowner identity and create fake IDs and title documents; 3) deeds are transferred in their name by forgery at the local county recorder’s office. Detection of property fraud often goes undetected until it’s too late, leaving homeowners to undergo lengthy legal battles, prolonging refinance or sales transactions, or running the risk of losing their home altogether.
Offering affordable options ranging from only $59.95-99.95 per year (or $5-8 a month), Title Lock’s easy and interactive desktop and mobile platform is safe and secure, and allows users real-time access to their title activity for early protection against property fraud. Using the highest standard of internet protocol to protect all user information, Title Lock examines and indexes filings across the U.S. to provide as-it-happens updates to customers.
About Title Lock
Title Lock is the leading title fraud detection company in the United States. Founded in Solana Beach, California, in 2015, the company’s founder and president, Harish Chopra, has more than 30 years of experience in the title business detecting and protecting against fraudulent schemes. A first-of-its-kind system, Title Lock offers a unique approach to protecting customers’ homes by monitoring both active and inactive deeds to title documents using a database of 5.5 billion title assets from the leading and largest title insurance companies nationwide. An affordable alternative to falling victim to property fraud, Title Lock’s proprietary desktop and mobile platform notifies users with real-time notifications as soon as title documents are disturbed for early protection. More information is available at www.hometitlelock.com. Follow Title Lock on Facebook and Twitter.