Do You Really Know Who You're Wiring Money To? | Andrew Liput, Secure Insight | Connect Podcast

The closing table is where a lender's money, documents, reputation, and borrower relationship all come together. And it's also one of the most vulnerable moments in the entire mortgage transaction. In this episode of Connect, California MBA CEO Paul Gigliotti sits down with Andrew Liput, President and CEO of Secure Insight, for a wide-ranging conversation on wire fraud, closing risk, business email compromise, and what lenders must do before money ever leaves the account. Andrew is an attorney by trade who saw the problem 25 years ago — lenders sending millions of dollars to closing professionals they had never verified, never vetted, and had no real relationship with. He built Secure Insight to fix that. Since launching in 2012, Secure Insight has overseen close to 60 million closing transactions with zero lender losses. In this episode: - Why the FBI considers business email compromise the largest element of white collar fraud in the United States today - How AI is making phishing schemes more sophisticated — and why criminals are tracking the same trends as the rest of the industry - The real anatomy of a wire fraud incident: how clicking one wrong email three days before closing can open a backdoor into your entire system - The origin story of Secure Insight: why a real estate attorney in 2001 thought it was strange that lenders sent millions of dollars to people they'd never verified - How Secure Insight's database of 95,000+ closing professionals across all 50 states works — and what a risk rating actually tells a lender - TruePay: how settlement agents can instantly verify that a payoff recipient and bank account are legitimate before disbursing funds — no onboarding, no training required - The KYB/KYC enhancement: verifying that the party receiving funds is who they say they are - Why slowing down is the most important thing a closing professional can do — and why speed is the fraudster's best friend - The single most important question every lender should ask before money leaves the account Connect is the California MBA's podcast where strategy, innovation, and leadership come together to shape the future of mortgage finance. Subscribe for new episodes featuring the voices driving the industry forward.