BuyerDocs - About

About BuyerDocs

Removing Wire Fraud

from Residential & Commercial Real Estate

What is

BuyerDocs?

BuyerDocs is the world's first and only secure method exclusively for sharing wire transfer information between title companies and residential or commercial buyers. Approximately $30 billion is lost via wire fraud annually, and the real estate industry has become a major target for hackers and scammers.

BuyerDocs is modernizing the real estate world's way of transferring information to eliminate wire fraud and protect buyers, real estate agents, and title companies from loss.

At no direct cost to title companies, title companies can provide their clients the convenient and secure use of BuyerDocs, the new industry standard in sharing wire transfer information. Selecting wire transfer information and uploading any other client documents to the site is simple and easy, and keeps all parties involved safe from wire fraud and associated law suits.

 

Why is it

needed?

From NBC Nightly News: "It starts with an email to home buyers about wiring a final payment; then scammers intercept and take it all."

Security

Secure document delivery. No more worries about phishing, hacking, or spoofing; all transaction information from title companies to buyers is shared securely through our site. No users or admins can modify the stored wire transfer information.

$
Pricing

No direct charge for title companies. To cover our costs, a $25 secure wire transfer information fee is added to the closing costs of buyers. The costs of not using this service can be catastrophic.

Simplicity

Easy to use. Title companies provide us their wire transfer information once and then simply select the appropriate wire information they need to share with buyers. Title companies can also securely upload and share any other closing documents.

Time

Improve efficiency. Title companies replace emails and time-consuming phone calls by simply selecting their wire information. We notify buyers when their documents are available, allowing buyers to retrieve documents on their own time.

100% Satisfaction

Peace of mind. Title companies never lose another client (buyer or real estate agent) due to wire fraud even when it is not their fault. Buyers are protected knowing that their documents come securely from their title company.

Privacy

Your eyes only. We never disclose information about any transactions. All uploaded information is securely stored and accessible only by title companies and their clients.

480%
Increase in real estate wire fraud reports
$30B
Wire fraud per year
5.5M
Homes sold per year
$25K
Average down payment

How it Works

Built for security & simplicity.

Title Company

Title companies provide us their wire transfer information and designate administrators who simply select the appropriate wire transfer information for each buyer.

Title company admins can add, notify, and delete buyers from the system. Title companies also designate a master admin who can add and remove other admins.

Buyer

No account creation or registration is required. To retrieve the wire transfer information, buyers simply log in on their own time using their email address and title company.

Buyers can only view the wire transfer information for their transaction and all information is securely protected and automatically deleted after 30 days. No more insecure emails or tedious phone calls required!

Survey of recent home buyers

74%
Believe a bank or title company can recover wired funds
$200
Average amount buyers are willing to spend on a service like BuyerDocs
91%
Prefer a title company that uses a service like BuyerDocs

Why Use It?

Three reasons to sign up today.

Costs

There is no direct charge for title companies but the costs of not using it can be enormous. A small, one-time fee of $25 is added to the closing costs of buyers to provide this secure service.

Simple

This service is designed specifically with title companies and buyers in mind. Because of the simplicity, there is no training necessary and title companies can begin using it immediately.

Integrates

This service seamlessly integrates with title companies' current systems. Instead of emailing or calling clients, title companies simply select their wire transfer instructions.

Need more?

Survey of Recent Home Buyers

How aware are you of the dangers of wire fraud in real estate?
Awareness of wire fraud plot
 
If you became a victim of wire fraud, how likely are you to sue your title company?
Likliness of suing plot

Custom Branding

Your brand matters.

We respect the brand of every title company that uses BuyerDocs. Title companies can provide us their logo which is then prominently displayed to their buyers. With this custom branding, buyers rightly associate the title companies' brand with security.

For additional customization, title companies can include a link on their site to our buyer login page. Their buyers can then obtain the wire transfer information by visiting the title company's website. The link on the title company's site directs the buyer to the BuyerDocs login page where the title company is preselected for them.

Give it a try!

Simplify the Process

Replace alarming e-mail signatures.

Old E-mail Signature
Email signature headshot
Jane Doe Escrow Officer [email protected] Demo Title Company O: 555-555-5555
Wire fraud is widespread in the real estate industry. Beware of emails and phone calls that appear to be from your real estate agent, lender or title company that instruct you to wire funds.
Protect your funds! Before wiring any funds contact our office directly, using the phone number that you know is valid for our office to verify emails and wiring instructions. Do not trust phone numbers in emails.
We understand this message is alarming but we are committed to protecting your funds.
BuyerDocs Signature
Email signature headshot
Jane Doe Escrow Officer [email protected] Demo Title Company O: 555-555-5555

To protect you from wire fraud, Demo Title Company exclusively uses BuyerDocs.com for communicating wire transfer information to you. Do not trust any other emails or phone calls that instruct you to wire funds.

See it in Action

Fully functional demos.

This demo will allow you to navigate BuyerDocs as a title company administrator. As a title company admin, you can simulate adding, notifying, and deleting buyers. You will have full access to the admin dashboard to see how simple and seamless our service is to use.

 

For the buyer demo, you can view the documents uploaded by the demo title company in the same way real buyers do. This demonstrates how easy and seamless the process is for buyers. No account creation or registration is required!

Risk-free 30 day trial

Try out the service for as many or as few transactions as you'd like. If for any reason you are not completely satisfied, cancel anytime.