According to Greycoat specialists, a considerable population of homebuyers in the U.K. have, at some point, shared personal information. This, such as their address and bank details through email with an estate agent or mortgage broker. Since email interception is on the rise, this means that homebuyers are putting themselves at risk.
Recent surveys also show that some people are concerned about sharing sensitive information via email with different professionals in the real estate sector. The concerns arise because of the rise in fraud risks. Despite this, Greycoat specialists add, some people have made use of secured online transaction methods that can allow people to share information with a property professional safely.
Also, some of them have gone a step further to use two-factor authentication, whereas others have used a secure app or platform. Other people prefer delivering the personal valuable information in person to the mortgage broker or real estate agent. With fraud being prevalent in the U.K., the issue of email interception needs to be addressed.
The losses that are attributed to the push payment scams amount to millions. The Real Estate agency has developed a tool that securely lets users share personal information during a property transaction. In this case, Greycoat shares, the sellers and buyers are supposed to provide similar anti-money laundering and identity details. The secure share allows mortgage brokers and real estate agents to share relevant information safely.
Such tools can help curb the issue of fraud, and the needless repetition will be eliminated. Real estate agents and mortgage brokers can also easily refer clients while guaranteeing a pleasant client experience since the homebuyer’s data will be secure and all the regulatory requirements will be met. Contact Greycoat for further assistance.