Maitland, Fla. (August 28, 2024) – Westcor Land Title Insurance Company® is excited to announce the launch of val-ID by Westcor, an advanced ID verification tool designed to empower title agents in validating the identities of borrowers and sellers. This new solution, powered by the robust technology of Intellicheck and engineered by GridBase®, represents a significant step forward in ensuring security, efficiency, and fraud prevention in the real estate transaction process.
val-ID by Westcor leverages Intellicheck’s state-of-the-art engine to deliver unparalleled accuracy and speed in ID verification. The tool features a comprehensive dashboard that provides title agents with real-time tracking of ID verification status, enabling them to manage their workflow efficiently. With validation methods that include state-issued IDs, passports, and support for foreign transactions, val-ID offers a versatile solution tailored to the diverse needs of title agents.
Moreover, val-ID provides multiple validation options, including mobile texting and live email hyperlinks, ensuring flexibility and convenience in the verification process. This comprehensive approach to identity validation helps agents enhance their due diligence processes, mitigate risks, prevent fraud, and improve overall transaction integrity.
“At Westcor, we are committed to providing our agents with the most innovative tools to support their work,” said Scott Chandler, Chief Operating Officer at Westcor Land Title Insurance Company. “The launch of val-ID is a testament to our dedication to enhancing security and streamlining operations in the title insurance industry. We are confident that this tool will be a game-changer for our agents, allowing them to perform their duties with greater confidence and efficiency.”
Intellicheck’s CEO, Bryan Lewis, also expressed enthusiasm about the collaboration: “We are thrilled to partner with Westcor Land Title Insurance Company in launching val-ID. Our technology is designed to deliver precise and swift ID verification, which is crucial in preventing fraud and ensuring secure transactions. We believe val-ID will significantly benefit Westcor’s title agents and their clients.”
Ryan Peterson, President of GridBase, added, “Our collaboration with Westcor and Intellicheck has resulted in a tool that not only enhances security but also improves user experience for title agents. The real-time dashboard and seamless integration into existing workflows make val-ID an indispensable asset for the industry.”
Key Features of val-ID by Westcor:
- Strengthened Security and Fraud Prevention: Utilizes advanced technology to authenticate government-issued IDs with remarkable accuracy, significantly reducing the risk of identity theft and fraud.
- Real–Time Title Agent Dashboard: Provides a comprehensive, real-time dashboard for title agents to track the status of ID verifications and manage their workflow efficiently.
- Comprehensive Validation Methods: Supports verification of state-issued IDs, passports, and foreign transactions, providing agents with a versatile tool for diverse client needs.
- Flexible Validation Options: Includes mobile texting and live email hyperlinks for real-time validation, offering convenience and adaptability in various transaction scenarios.
- Compliance with Regulatory Requirements: Designed to help businesses meet stringent regulatory standards related to identity verification and anti-fraud measures, ensuring compliance with local, state, and federal regulations.
- Enhanced Customer Experience: Performs instant ID verifications, reducing wait times and streamlining transactions, thereby enhancing customer satisfaction and loyalty.
- Cost Savings: Prevents fraudulent transactions, avoiding financial losses associated with fraud, such as chargebacks, legal fees, and recovery costs.
- Improved Operational Efficiency: Automates the verification process, reducing the need for manual checks and minimizing human error, thereby increasing accuracy and freeing up staff for other critical tasks.
- User-Friendly Interface: Designed with the end-user in mind, making the tool easy to navigate and use.
- Seamless Integration: Easily integrates into existing workflows, minimizing disruption and maximizing productivity.
Westcor’s introduction of val-ID aligns with its ongoing commitment to innovation and excellence in the title insurance industry. By offering this tool, Westcor aims to support its agents in delivering the highest level of service to their clients, reinforcing trust and security in every transaction.
For more information about val-ID and how it can benefit your operations, please visit www.WLTIC.com or contact your Westcor Agency Representative.
About Westcor Land Title Insurance Company®
Founded by title agents, Westcor is the number one independent title insurance underwriter in the nation. Westcor’s technology-driven products and services and sound underwriting help agents and their customers close real estate transactions faster and with peace of mind. Westcor is rated B+ (Sound Financials) by Kroll and A” (A Double Prime) by Demotech Rating Inc. Based in Maitland, FL, Westcor has regional offices throughout the United States. Westcor is part of the Ardán® family of companies. Ardán makes real estate closings faster, simpler, and safer through technology-driven, innovative solutions, sound underwriting, and exceptional customer service.
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About Intellicheck
Intellicheck (Nasdaq: IDN) is an identity company that delivers on-demand identity validation solutions for KYC, fraud, and age verification needs. Intellicheck validates both digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce, and retail commerce businesses, automobile dealerships, title companies, law enforcement and government agencies across North America. Intellicheck can be used through a mobile device, a browser, or a retail point-of-sale scanner. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, Twitter, Facebook, and YouTube.
About GridBase®
GridBase®, a Grid151® company, is the Universal API for Lender and Title Collaboration. We serve title agents and lenders and their technology providers. We connect the real estate ecosystem with fast and simple integrations and a suite of technology products for title agents and lenders including Order Management, Instant Title Reports, Closing Agent Management, and eClosing. Learn more about GridBase and Grid151, both part of the Ardán® Inc. family of companies.
