KVS Title seeks to Combat Real Estate Fraud with Proof’s Leading Identity Authorization Network

Proof, a leading identity authorization network, today announced a partnership with KVS Title, a well-known title and settlement company in the Washington, DC metropolitan area, to deploy Proof’s Identify solution on the seller side of real estate transactions. This collaboration underscores Proof’s incredible momentum in the U.S. real estate market and its mission to address the rising threat of real estate fraud, including AI-powered deepfakes. Proof has secured more than $350 billion in real estate transactions across the country. 

Fraud related to buying and selling real estate – including mortgage fraud, wire fraud, and title fraud – is rampant and growing at alarming rates. In 2022, misrepresentation by sellers about properties on the market rose by 22.6% from the prior year, while wire and title fraud risks have more than doubled since 2021, with over half of all transactions now showing signs of such risks. Last year, New York led the nation in instances of mortgage fraud, followed by Florida and Rhode Island. Meanwhile, states like Utah are grappling with scams targeting vacant lots and land parcels.

These trends are fueled by factors beyond the industry’s control, including high interest rates, limited housing supply, and an aging population. Together, these pressures increase vulnerabilities, such as neglecting to verify whether a seller’s identity matches the property owner or failing to properly vet bank accounts linked to wire instructions. The rise of cyber fraud further exacerbates these risks, with the cost of digital attacks expected to reach $10.5 trillion annually by 2025, a 300% increase from 2015 levels.

Proof’s Identify solution directly addresses these growing challenges. By leveraging cutting-edge biometrics and AI-driven analytics, Identify seeks to ensure that every seller’s identity is verified with precision, providing essential fraud prevention for KVS Title’s clients.

“Real estate fraud is evolving rapidly, and emerging threats like AI-powered deepfakes are making it more critical than ever to establish trust and security in every transaction,” said Pat Kinsel, CEO of Proof. “Our partnership with KVS Title highlights the transformative role Identify plays in protecting consumers, real estate agents, and the broader ecosystem from the devastating consequences of property fraud.”

“We are committed to protecting our clients and combating fraud. This includes using Proof’s Identify technology to help secure transactions in today’s challenging environment.” Said Marty Stanton, COO of KVS Title.

Proof’s rapid adoption across the real estate sector reflects its ability to address critical pain points associated with fraud detection and prevention. Fraud not only impacts individuals but also creates ripple effects for real estate agents, title companies, mortgage lenders, attorneys, and law enforcement. By equipping organizations like KVS Title with industry-leading identity verification tools, Proof is setting a new standard for fraud prevention in real estate.

For more information, please visit https://www.proof.com/product/identify.