FNF partners with CLEAR Secure on real estate fraud prevention
Fidelity National Financial (FNF) has partnered with CLEAR Secure to use biometric identity verification in real estate transactions to mitigate real estate fraud, the companies said Wednesday.
The initiative integrates CLEAR’s identity platform into FNF’s inHere digital system, which manages title and escrow processes.
Leaders said the move is intended to address rising cases of real estate fraud, particularly impersonation and wire fraud in property sales.
“Buying or selling a home is an important milestone in life and people deserve to feel safe every step of the way,” said Caryn Seidman Becker, CLEAR’s chair and CEO. “By combining CLEAR’s identity platform with FNF’s industry-leading technology, people and title insurance, we can help ensure every buyer and seller is who they claim to be.”
FNF said it began rollout of the program in select markets in July and will take insights from that trial into account before expanding.
“Our partnership with CLEAR demonstrates our ongoing commitment to innovation and our dedication as an industry leader to stay ahead of emerging threats,” FNF CEO Mike Nolan said. “By integrating CLEAR’s biometric technology directly into our operational processes and our inHere platform, we’re reinforcing the essential role that title insurance and title companies play in the real estate ecosystem.”
The companies said CLEAR’s platform — used by more than 33 million members in North America — will add a biometric verification layer to reduce the risk of seller impersonation, fraudulent communications and unauthorized access during real estate closings.
FNF has also implemented education programs to warn participants of fraud attempts and uses its inHere system to minimize reliance on email during transactions.
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