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Title Insurance And Settlement Services Provider Names New President

WFG National Title Insurance Company (WFG) a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, announces that Brandon Baker has been named the new president of the company’s Dallas-Fort Worth division. 


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In this role Baker will manage the day-to-day administrative operations for the DFW market, including working with the WFG team to establish short and long-term goals, plans and strategies. He will also be looking to recruit additional revenue-producing employees to add to the company’s branches.


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 Baker comes to WFG from another local title company, where he was most recently a vice president and was responsible for strategic growth, fee attorney operationsand recruiting. Before that he held several executive sales positions. 


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“Joining WFG and leading the DFW office is a great opportunity to continue to develop in this marketplace,” Baker said. “With our current team and new recruits, we look to build on our relationships with the local real estate community to increase our market share.  Our ultimate goal is to create a better real estate experience for home buyers and sellers.”


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Rob Sherman, senior vice president and regional director at WFG, said the company concentrates on taking time and cost out of real estate transactions as it focuses on clients and their processes. 

“Brandon’s experience is a valuable asset to WFG,” Sherman noted. “He has demonstrated his leadership skills in maximizing growth through internal collaboration as well as in developing client relationships and cultivating talent within the industry. He’s a great addition to the team.”

WFG National Title Launches Cyberfraud Awareness Effort

WFG National Title Insurance Company (WFG), a Portland-based national title insurance, settlement, valuation and technology services company, is creating a Cyberfraud Awareness Team to educate consumers and companies involved in the home buying and mortgage process. The company is asking industry participants – including real estate agents, mortgage lenders, financial institutions and other title insurance companies – to join the team to educate consumers about the dangers of online and email fraud, particularly at the time of closing when funds need to be wired to settlement service providers. 


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WFG has hired Aaron Cole, a local homeowner who just lost $123,000 in a sophisticated email scam, as the team spokesperson. A few days before the Coles were supposed to close on the purchase of their new home, Aaron Cole received an email – purportedly from WFG – instructing him to wire the down payment to an email address that looked like WFG’s but actually belonged to the scam artist. By the time Cole realized that the email was bogus, the money had been transferred from his bank account to a bank account in Florida before eventually being transferred to four other banks and then out of the country.


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The Coles were in danger of losing their home days before Christmas. WFG found a way to help the Cole family and put Aaron in a position to educate other consumers on the dangers of cyberfraud, particularly the fraudulent email scam known as “phishing.”


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After conducting a thorough investigation, WFG Executive Vice President and Chief Compliance Officer Don O’Neill confirmed that WFG’s email account was secure and clear of any hacking activity, which typically means in these cases that an email or emails from other parties involved in the transaction were compromised. Personal email accounts are usually not encrypted and can be easily hacked, as is often the case for consumers and real estate agents working on their personal cell phones, computers and email accounts. 


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“While Aaron’s story has a happy ending, most borrowers scammed by email hackers generally wind up with an unhappy ending,” O’Neill said. “We believe people will pay attention to Aaron’s story because they can relate to other consumers who are in the process of transferring funds while purchasing a home.”

WFG is creating an awareness among the large number of real estate agencies that do not consistently leverage critical cybersecurity protections. According to Bruce Phillips, head of WFG’s Information Security team (INFOSEC), without these protections, individuals and companies are vulnerable to hacking. 

“Unsecure email and mobile devices are particularly at risk, and consumers are vulnerable at emotional times with tight deadlines, such as home closings,” Phillips said.

O’Neill, Phillips and WFG first recommend to always make absolutely sure an email address is legitimate before sending any sensitive personal, private information or documents or money to anyone – even if the recipient is someone they have emailed in the past.

“If you’re not sure, call the institution you’re working with to verify wire transfer directions,” O’Neill said. “Be especially on guard when you’re given last-minute changes and instructions to send money immediately. Those are red flags.”