Business, Free News Articles, Legal and Law, Software

SafeChain to Integrate ALTA Registry into Its Real Estate Wire Fraud Prevention Platform SafeWire

COLUMBUS, Ohio -- SafeChain, the industry leader in wire fraud prevention software for land title, announced today that it will integrate the national ALTA Registry into its real estate wire fraud prevention platform SafeWire. Through the integration, mortgage lenders will be able to search the Registry and verify the identity of title insurance agents and settlement companies, providing an enhanced level of efficiency and security to the real estate transaction.

"The national ALTA Registry is a unique real estate utility created specifically for mortgage lenders," said Paul Martin, ALTA's Registry director. "We're pleased to offer this tool to SafeChain as it looks to deliver innovative products to its customers. The emergence of the ALTA Registry as an effective and easy to use source of data and information comes at the perfect time to help counter the alarming increase in wire fraud."

ALTA launched the ALTA Registry in 2017 as the first national database of title insurance agents and settlement companies. In addition to contact information and branch locations for agents and title companies, each ALTA Registry listing also includes a title agent or real estate attorney's unique seven-digit ALTA ID. As most real estate wire fraud schemes involve spoofing the identity of the title and/or settlement agent involved in transaction, the ability to verify the identity of these individuals using the ALTA ID and contact information contained within the ALTA Registry provides added assurance that lenders are interacting with legitimate parties to the transaction.

"With wire fraud on the rise, everyone in the real estate transaction - lenders included - must increase their level of vigilance to maintain the integrity of the process," said Tony Franco, SafeChain co-founder and CEO. "Integrating the ALTA Registry ALTA ID into SafeWire enhances the level of security we're able to provide to all parties, bringing us one step closer to completely eliminating fraud in the wire transfer process."

Learn more about the ALTA Registry by visiting https://www.altaidregistry.org/.

About ALTA:

The American Land Title Association, founded in 1907, is a national trade association representing more than 6,200 title insurance companies, title and settlement agents, independent abstracters, title searchers, and real estate attorneys. ALTA members conduct title searches, examinations, closings, and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles.

About SafeChain:

SafeChain makes real estate transactions safer and simpler. Built by real estate title experts in collaboration with banking technologists, SafeChain tackles the inefficiencies of the buying and selling process from the inside-out to help title companies, mortgage bankers and realtors decrease costs and deliver a better experience for customers. Leveraging the most advanced technologies, including blockchain, SafeChain increases the speed and security of closings to deliver faster transactions and better consumer confidence. For more information visit http://www.safechain.io.

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Business, Free News Articles, Legal and Law, Real Estate

VLP Law Group Continues Its Growth with the Addition of Real Estate Partner Craig P. Wood

PALO ALTO, Calif. -- VLP Law Group LLP is pleased to announce that Craig P. Wood has joined the firm's Real Estate Practice Group as a partner based in Los Angeles, California.

Mr. Wood's practice encompasses the representation of institutional investors, private equity sponsors, high net-worth individuals, pension funds, pension fund advisors and private companies in a broad range of real estate projects throughout the United States.

Mr. Wood's 37 years of experience includes not only the legal representation of clients but also business counselling, guiding clients in transaction structuring and techniques to maximizing their opportunities in various transactions.

"Craig is a seasoned commercial real estate attorney and his addition will further strengthen the depth and breadth of our real estate team," said Stephen Wright, Chair of the firm's Real Estate Group. "He is a welcome addition to the VLP Real Estate Group."

Mr. Wood said, "I am grateful to have this opportunity to join VLP and work with such fine collection of excellent lawyers. I look forward to contributing to the continued growth of the Real Estate Practice Group."

Prior to joining VLP, Mr. Wood was a sole practitioner and before that a partner and West Coast Chair of the Real Estate Practice Group at Foley & Lardner LLP.

About VLP:

Founded in 2008, VLP is a business and transactional law firm that delivers top quality legal services from experienced attorneys through an efficient platform. The firm has a broad practice, reaching across many industry sectors, including high tech, life sciences, clean tech, retail, consumer products, edtech, and real estate.

VLP has continued its strong growth, and is made up of noted attorneys with significant experience who believe VLP's unique, client-oriented model is the best platform for their practice. Our partners are regularly recognized by their peers as outstanding attorneys, and the firm has been recognized as a top company for its promotion of quality of life in the workplace. VLP partners represent clients that vary in size from individual executives and early-stage startups to Fortune 500 companies. Our clients include public and private corporations, venture capital investors, private equity funds, educational institutions and companies, nonprofits and individuals. We provide general corporate, licensing, contract, intellectual property protection and counseling, securities regulation, financing, merger and acquisition, real estate, commercial lending, tax, employment and other legal services.

More information: https://www.vlplawgroup.com/.

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