Day: January 25, 2023

"We're seeing a level of sophistication in that area that we've never seen before," said Daniela DeTommaso, president of title insurance company FCT. "It's very organized." Rider wants to see the government step up and lead the way on bolstering ID verification standards for professionals — so they don't just rely on IDs — in these kinds of transactions. "Otherwise [the government]'s going to find that they're going to have a lot of consumers at their doorstep begging for help because they've lost title to their homes," he said.