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Verify closing wire instructions through a trusted contact

Eric’s wire fraud warning focuses on a moment when buyers are busy and large sums are moving. A convincing email is not enough evidence that payment instructions are legitimate.

By Eric Hamilton · Published October 7, 2026

Originally uploaded August 27, 2023 · 1:00 · Watch on YouTube

Written companion added October 7, 2026. Adapted from Eric’s video captions with source checks; not a word for word transcript. The recording retains its original date.

Set up the verification process before closing

Before money is due, identify the trusted person at your settlement or title company who can confirm instructions. Obtain that contact’s phone number independently and keep it available. When a wire request arrives, call the known number to verify the account details. Do not use a replacement number supplied in the suspicious message itself.

Treat familiar looking messages carefully

The video notes that an email address can contain a subtle change and still look familiar. A message may also appear to come from someone involved in the transaction. Pause when instructions change, a sender creates urgency or you are asked to move money through a new method. Avoid opening unexpected links or attachments until you have verified the request through your established contact.

Protect documents and act quickly on a suspected loss

Use the lender’s verified secure document process for sensitive financial information. Confirm the destination before uploading; a page that resembles a portal can still be fraudulent. If you believe funds have already been sent to a scammer, contact your bank or wire company immediately and report the incident to the FBI’s Internet Crime Complaint Center. Fast reporting matters, but recovery is not guaranteed.

Is checking the sender’s name enough?

No. Independently verify payment instructions using a phone number you already trust.

What should I do after sending a possibly fraudulent wire?

Contact the bank or wire company immediately and report it through the FBI’s Internet Crime Complaint Center.

Sources and scope

Adapted from captions of the video published 2023-08-27. Statements about rates, inventory, programs or events describe the original recording and are not a current quote or availability promise.

  1. CFPB: Beware of mortgage closing scams Accessed October 6, 2026
  2. CFPB: Protect your closing funds Accessed October 6, 2026

General education, not a loan quote, approval or an individual recommendation. Ask the appropriate professional about your situation.

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