By implementing CertifID’s software, insurance and recovery services, Shaddock gains access to a stronger safeguard against real estate-related payments risk.

The move comes as fraud schemes adapt and become more sophisticated in the sphere of real estate transactions.  According to the FBI Internet Crime Complaint Center (IC3), victim losses from real estate business email compromise (BEC) increased 72% from 2020 to 2022.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Michael Rubin, president of Shaddock National Holdings, commented: “Home buyers and sellers trust that Shaddock National Holdings agencies are responsible stewards of the most important transactions of their lives. This includes ensuring their funds are correctly disbursed without the risk of fraud”.

“Our priority is to bring together the most effective resources possible to manage these risks so that our agencies can deliver the best experience possible”, Rubin continued.

CertifID is a US-based SaaS security platform that validates identity and helps with the transfer of bank account information.

In May 2022, the company secured $12.5m in a Series A funding round led by Arthur Ventures. CertifID intended to use the money at the time to expand their presence and reach on the market.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Its Co-founder and CEO, Tyler Adams, welcomed the partnership with Shaddock.

“Shaddock National Holdings’ effort to bolster its leadership in the title industry includes taking real steps to address payments fraud, which is commendable”, Adams said. “All real estate transactions are at risk. As an industry, action needs to be taken to tackle fraud’s rise. Real estate firms of every size should explore how they can more effectively and efficiently mitigate payments risk.”