Fake identification has become increasingly sophisticated, making traditional visual inspections of ID documents insufficient and stressful. Most digital ID verification tools rely on the same core indicators, making them limited and easy to bypass.
Treefort’s Identity Verification Technology (IDV) goes beyond checking if physical ID documents are valid. Utilizing multi-factor identity authentication, Treefort ensures that your client is who they claim to be.
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Advanced MFA Technology
Treefort IDV uses a combination of technology and information sources to analyze countless security features found in government-issued ID to authenticate the document and verify identity. This enables you to know that your clients are who they claim to be, whether you're meeting remotely or in-person.
Traditional ID Verification
Treefort Identity Verification
Technology and Information Partners:
Banking Verification
Biometrics
Credit Verification
ID Document Analysis
Phone Data Verification
Take your fraud mitigation efforts to the next level with Banking Verification, an optional feature to enhance your IDV report. When enabled, this feature will securely and confidentially authenticate the primary bank account, allowing you to make a more informed assessment of your client.
Banking Verification is best used when:
Your new client is not known to the firm
Acting on a mortgage free property
The transaction involves a private lender
There is a quick closing date on transaction
You have identified other key red flags in the transaction
Banking information is securely and confidentially exchanged between your client and their financial institution via Flinks. There are no passwords, account access or balances shared with Treefort or you as the IDV requestor.
Detailed Reports
Treefort’s expansive IDV Reports are designed to document your client’s identification information and provide insight on potential risk indicators of fraud and money laundering activity associated with the individual.
Risks are identified via a rigorous Know Your Client (KYC) assessment made across the three fundamental KYC elements:
Fraud
Checks for indicators of potential identity theft using a proprietary algorithm and network of reliable source partners.
Compliance
Satisfies Government ID, Credit File and Dual Source identification methods.
Anti-Money Laundering (AML)
Identifies potential money laundering risks, including political watch and sanction lists.
There are two convenient ways to order a Treefort IDV:
Treefort Account
Issue and manage IDVs directly from your Treefort account. View archived reports and billing activity, and access additional services such as Video Signing Meeting. Register to order
KYC On-Demand
An on-demand service to send IDV requests when needed. No account setup or training required. Available within Stewart's NextSTEPS ordering platform, and online.Order now
Used by thousands of legal, mortgage and real estate professionals across Canada to improve workflow, detecting millions of dollars in attempted title fraud.
SOC 2 compliant, featuring end-to-end encryption and secure data storage for strong security and privacy. IDV Reports are accessed via permission-based access controls.
Treefort’s Customer Support Team is available to assist you and your clients via phone or email. An online Knowledge Base also available for self-help support.
Thanks to the effectiveness of Treefort’s technology as a title fraud mitigation tool, Stewart is proud to offer a reduced premium for residential and commercial policies when each purchaser or borrower in the transaction completes a Treefort IDV.
Contact us for details.
Stewart Title is committed to working with the Canadian legal community to maintain their reputation as trusted quarterbacks of real estate transactions. Our investment in Treefort is an example of this commitment, as we work together to safeguard real estate transactions from being a target for title fraud and money laundering activity.
Treefort's identity verification tools make it simple for legal practices to confidently move forward with their clients and avoid the stress of potential involvement in title fraud.
Interested in bringing Treefort IDV tools to your office?
Register here, order now with KYC On-Demand or enter your details and a Stewart representative will be in touch.